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  2. Best practices for purchasing include123:
    1. Automate procurement processes.
    2. Use purchase orders (POs) whenever possible.
    3. Implement three-way matching.
    4. Improve vendor collaboration.
    5. Focus on total cost of ownership (TCO) over price.
    6. Maintain a centralized, accessible vendor database.
    7. Build and maintain good relationships with your vendors.
    Learn more:
    Procurement Best Practices – 8 Ways to Streamline Purchasing Automate procurement processes Have well-defined processes Practice process transparency Have a centralized contract and documentation hub Use data to optimize inventory Have a multi-sourcing strategy Build strong supplier relationships
    www.frevvo.com/blog/procurement-best-practices/

    Here are ten best practices that will help ensure your new purchasing process is successful:

    • Focus on purchases where you can create value. ...
    • Provide requesters with visibility into the process. ...
    tipalti.com/procurement-hub/modern-purchasing-pr…

    What Are the Best Practices for Purchasing?

    • Automate As Much as You Can Manual and paper-based workflows are not sufficient for companies that want a streamlined purchasing process and healthy supply chain. ...
    planergy.com/blog/purchasing-process/
     
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