ivalua
OCTOBER 1, 2019
And it seems that increasingly three topics come to the fore – effectiveness, creativity and agility. . But then we move on to our two other targets – agility and creativity, which define where Procurement needs to go in order to sustain its contribution into the future. . Effectiveness is a better word than “efficiency”, of course.
NLPA (Next Level Purchasing Association)
SEPTEMBER 8, 2023
These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.
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Pipefy
MAY 9, 2023
Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. Buyers that don’t use enough suppliers make themselves vulnerable to dependency on one for certain goods or services. Lead time If you’re looking for one metric that gauges the overall efficiency of your supply chain, track the lead time KPI.
Empowering CPO
JUNE 14, 2023
They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.
Jaggaer
OCTOBER 8, 2019
Our survey shows that most procurement teams are there already with many applications: SRM, eSourcing, and eProcurement are in place. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This will play a vital role in making organizations more agile and reducing supplier risk.
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