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| Technique | Description |
|---|---|
| 1. Strategic Sourcing | Developing relationships with key suppliers to leverage better pricing and quality. |
| 2. Supplier Relationship Management | Maintaining strong relationships with suppliers to ensure timely delivery and quality products/services. |
| 3. Contract Management | Creating and managing contracts to ensure compliance and mitigate risks. |
| 4. Spend Analysis | Reviewing and analyzing spending patterns to identify cost-saving opportunities. |
| 5. Supplier Diversity | Promoting diversity in the supply chain to support minority-owned businesses. |
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