Remove Agile and Lean Supply Chain Remove Buyers Remove Eprocurement Remove supply chain budgeting
article thumbnail

A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

article thumbnail

Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What’s Next for Digital Procurement?

Jaggaer

With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. Our survey shows that most procurement teams are there already with many applications: SRM, eSourcing, and eProcurement are in place. 2) Establish the basics. 4) The “Day of Digitalization”.

article thumbnail

Procurement KPIs: 22 Essential Metrics for Tracking and Visualizing Procurement Performance

Pipefy

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. Budget review and request for proposal Finance reviews the PO and establishes the availability of funds.