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The Importance of Selecting the Right Sourcing Business Model

SIG Speaks

The effort a company invests in managing its suppliers is considered supplier management levels. There are four levels of supplier management: Purchase Order management – its basic purchasing function. Finance governs the function. Contract management – a contract or a master service agreement is made.

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Business process management (BPM) examples

IBM Services

A purchasing agreement between a client and vendor, for example, needs to evolve and go through different rounds of approval and be organized, accessible and compliant with regulations. Business process management examples BPM can help improve overall business operations by optimizing various business processes.