Any good book recommend about Procurement I should read? Started recently, and still confused about all the different letters used. P2P, Source 2 Contract, diff between contract and vendor management.

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Spend matters has good info on the acronyms, details of what they are, and the vendors that specialize in them.

Best process to read is the Kearney 7 step sourcing process, which has now been adapted by every other procurement consulting practice (5 step, 4 step, 12 step) process. If you can learn the 7 step process, you will have learned the most critical pieces.

There are niche areas not covered.... reverse auctions, P2P, but there are other sources for that.

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Cisco

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