Procurement Cycle Explained | Fractory
We break the procurement life cycle into 3 phases: planning & strategy, sourcing & contracting, contract management & close-out, outlining the key steps in each phase.| Fractory
We break the procurement life cycle into 3 phases: planning & strategy, sourcing & contracting, contract management & close-out, outlining the key steps in each phase.| Fractory
Strategic sourcing delivers quick wins, while category management ensures those wins are sustained and integrated into long-term strategies.| Fractory
Procurement KPIs are quantifiable metrics used to track and assess procurement efficiency, cost reduction efforts, and supplier performance.| Fractory
Strategic sourcing is a proactive approach to supply chain management—analysing spend, building supplier relationships, and focusing on total cost to cut risks and improve quality.| Fractory
