NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Featuring Our 12 Best Procurement Articles! It’s time to air our dirty laundry.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.

Category management 76

Category management Management Supplier relationship management supply chain software solutions 76

Arkestro

APRIL 25, 2023

In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. Project Complexity Construction projects involve numerous stakeholders, including architects, engineers, category managers, contractors, suppliers, and clients. from February 2020 to August 2022.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Empowering CPO

FEBRUARY 14, 2024

EmpoweringCPO, a distinguished procurement service and consulting company, stands out as a guiding force for organizations looking to optimize their procurement processes. Category Management: Optimize your procurement strategy by effectively managing and categorizing your purchases based on industry best practices.

Procurement 40

Procurement Procurement strategies Supply Chain Efficiency Supply Chain Optimization 40

Procurement Software

APRIL 23, 2024

The platform is tailored for finance, procurement, and technology leaders, offering features like real-time data analysis, category management, and budget forecasting to drive strategic decisions across various industries. Key Data: Founder / CEO: Alex Grundy Date Founded: 2019 Visit Spendkey profile in our Software Finder 5.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Skill Dynamics

OCTOBER 19, 2023

One extremely successful example is the retail giant, Amazon, whose negotiation tactics have played a significant role in its supply chain operations. Advanced techniques via elevated supply chain skills empower procurement teams to handle complicated interactions.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Empowering CPO

JULY 2, 2023

If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm. This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

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. AI can analyze vast amounts of data to identify trends, predict future demand, and suggest optimal buying decisions.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Una

JUNE 6, 2023

Inventory analysis and supplier risk monitoring Predictive analytics to help anticipate demand and optimize inventory levels Helping communicate with suppliers Automating risk management and track supplier performance Keep in mind there is some risk involved in using the tool. Why is this prompt so effective?

Procurement 52

Procurement Negotiation Suppliers Strategy 52

Una

JUNE 6, 2023

Inventory analysis and supplier risk monitoring Predictive analytics to help anticipate demand and optimize inventory levels Helping communicate with suppliers Automating risk management and track supplier performance Keep in mind there is some risk involved in using the tool. Why is this prompt so effective?

Procurement 52

Procurement Negotiation Suppliers Strategy 52

Una

MARCH 6, 2024

Digital Marketing Outsourcing digital marketing activities like social media management, content creation, and search engine optimization (SEO) can help businesses build a strong online presence, reach a wider audience, and drive growth. Compliance & Risk Management Worried about staying on the right side of the law?

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

ivalua

FEBRUARY 25, 2021

Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Una

APRIL 9, 2024

Group purchasing works best when optimizing indirect procurement categories as these are often left unmanaged and not part of a company’s more strategic, direct spend amounts. The not-so-obvious benefits of group purchasing Without a doubt, saving money is the primary motivation for working with a group purchasing organization.

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

Supply Chain Game Changer

AUGUST 30, 2022

Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – Semiconductor Fabrication! In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. The baby formula Supply Chain failed. And what happened?

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103