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A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts. Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships.

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What CPOs Need to Know About Predictive Procurement Orchestration

Arkestro

Yet challenges like the COVID-19 pandemic, global supply chain disruptions, and the economic downturn have all limited and slowed down the next phase in procurement transformation. Reduced Sourcing A turbulent market, supply chain disruptions, and rapid inflation have all created challenging times for procurement professionals.

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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. Streamline procurement activities and reduce costs by using eProcurement and Internet Reverse Auctions. •

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives. Technology-Driven Models eProcurementeProcurement, or electronic procurement, uses digital technology to automate and streamline procurement processes.

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When is it Time to Invest in Procurement Technology?

Jaggaer

We saw that after the so-called dotcom crash of 2000, which led to an upsurge in interest in electronic procurement; up until then eProcurement had been little more than an idea. They have had to rethink their sourcing and supply chain strategies, with many inshoring or nearshoring. Short-Term Pain Means Long-Term Gain.