article thumbnail

The Criticality of Procurement Training in 2023

NLPA (Next Level Purchasing Association)

Supply chains are becoming more and more complex, constrained, and daunting by the day. Covid and post-Covid periods have reaped havoc on supply lines. Safety Risk: The possibility that a person could be injured or killed or property damaged or destroyed. Supply Chain Agility and Visibility.

article thumbnail

How to Benefit and Reduce Cost by Improving Your Risk & Disruption Processes

NLPA (Next Level Purchasing Association)

Continuous Improvement and Risk Management Systems have long been essential to realizing supply chain and organizational success. This is especially true at a time when organizations are preoccupied with ensuring reliable supply lines, cost reduction, risk mitigation, business continuity, and so on. .

professionals

Sign Up for our Newsletter

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

article thumbnail

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Coronavirus Exposes Global Supply Chain Fragility! Every aspect of our lives has been disrupted: our health, freedom of movement, employment, the economy, our ability to buy goods, and virtually every Supply Chain. Supply Chain Disruptions … So Far.

article thumbnail

A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

article thumbnail

Top Competencies of Procurement Professionals

NLPA (Next Level Purchasing Association)

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. Properly identifying and mitigating risks is essential to ensuring success and sustainability.

article thumbnail

Top 10 Procurement Best Practices for Modern Businesses

Empowering CPO

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Risk management plan: Identify potential risks in the procurement process and develop contingency plans to mitigate their impact.

article thumbnail

The Role of Procurement Outsourcing Services in Global Business Operations

Empowering CPO

These services deliver crucial benefits, including cost reduction through strategic sourcing and volume pricing, enhanced supplier performance through rigorous selection and management, improved compliance to regulations, and minimized risk of supply chain disruptions.