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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. They all include enhancements of: Spend Management. The underpinning of effective spend management is the capacity to formulate and execute an Annual Buying Plan.

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The 25 Hottest US Procurement Startups

Procurement Software

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. FRDM FRDM is a software company specialising in supply chain risk management.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

Improvements to end-to-end supply chain efficiency. Value Drivers New opportunities for cooperation with suppliers With s2P software, a sourcing module may help to discover new potential vendors, or uncover additional categories of spend that existing, incumbent suppliers are able to serve. Simplicity is key here.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

Improvements to end-to-end supply chain efficiency. With s2P software, a sourcing module may help to discover new potential vendors, or uncover additional categories of spend that existing, incumbent suppliers are able to serve. End-to-end supply chain visibility ensures more synergy in cooperation.