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Industry-specific Attributes: Chemicals, electronics, pharmaceuticals, etc. By leveraging these item classes, businesses can ensure consistent and accurate classification of all items, which is critical for effective procurement management. Usage: Consumables, repairable items, capital goods, etc.
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. To keep consumers happy, your procurement team should closely evaluate all third-party vendors for risks and supply chain vulnerabilities. Supply chain and riskmanagement has forever changed as a result.
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