Ken Male delivers a Tech Take:
Optimizing Vendor Spend via AI & Machine Learning
at SAMs Europe + IT Procurement & Sourcing Summit
CXO Nexus partners with Ingram Micro to deliver Cost Optimization solutions.
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2021 budgets are based on 2020 purchasing assumptions. Check with your business partners on deals that must close by year-end that are not in 2021 approved projects. Missing on a year-end purchase that rolls over in to 2021 may adversely impact the 2021 expense and capital budgets of the business. This includes items that automatically renew that you may want to re-negotiate, including maintenance contracts. Due to Covid-19, suppliers are more receptive to review existing discounts.