Agile and Lean Supply Chain Change management Risk management supply chain budgeting 
World of Procurement blog
MAY 8, 2024
What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. The ultimate goal of SCM is to reduce costs while satisfying customer demands.
NLPA (Next Level Purchasing Association)
DECEMBER 14, 2022
The root causes of these issues often stem from a clash of the following critical Supply Chain Variables: Poor Toxic Culture. The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Supply Chain Management in simple how-to-do steps. Flawed Processes.
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World of Procurement blog
MAY 8, 2024
It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage.
Zycus Cognitive Procurement
JANUARY 24, 2023
With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Still, 50-67% of the companies failed to change their risk management standards.
Procurement Software
MARCH 11, 2022
Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Third party risk management.
Empowering CPO
JUNE 14, 2023
It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. Market volatility, globalization, and changing customer expectations have made procurement more complex than ever before.
Procurement Software
JANUARY 16, 2024
And what if they were prepared to fight for it, instead of rolling over at the first sign of a budget cut? Very process-oriented and not agile or malleable at all. But they also fail because of lack of talent, lack of budget and lack of effective change management. That somebody is the CPO.
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