It’s usually tough for business stakeholders to accept that someone else would be guiding, monitoring and controlling their own budget with regards to external spend. Hence, internal stakeholder management is of paramount importance for Procurement in order to win trust.
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Industrial Internet of Things (IIoT) has a big impact on the industrial pumps category as it influences the TCO to reduce costs.
Procurement teams always run a tight schedule. And amidst the constant factor of time-crunch, gathering intelligence will not be a priority as it is both labor and time-intensive effort.
What are the headwinds purchasing managers may face in the coming months?
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