NLPA (Next Level Purchasing Association)

APRIL 5, 2023

Organizations with procurement professionals without the necessary data analytics skills may lack the insights needed to make informed procurement decisions, which can lead to missed opportunities for cost savings and optimization. Streamline procurement activities and reduce costs by using eProcurement and Internet Reverse Auctions. •

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. It involves the process of identifying, selecting, acquiring, and managing resources that a business needs to fulfill its operations and meet its goals.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. The course is designed to be interactive, engaging, and easy to follow.

Supply chain management 113

Supply chain management Supply chain management supply chain software solutions Supply chain 113

Una

OCTOBER 9, 2023

It’s a systematic and collaborative way to identify, evaluate, and optimize the acquisition of goods and services that meet your organization’s objectives while minimizing costs and risks. It considers the total cost over the product or service's entire life cycle, including maintenance, warranties, and potential hidden expenses.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Templates

JUNE 18, 2023

Sharing market insights and cost-saving ideas can lead to cost optimization and better pricing agreements. Total cost analysis: Procurement should focus not only on the initial purchase price but also on the total cost of ownership.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Empowering CPO

MAY 4, 2023

Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance. Spend analysis software: Applications that analyze procurement data to identify trends, risks, and opportunities for cost reduction. Adopt a Total Cost of Ownership Approach A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

ivalua

FEBRUARY 25, 2021

Total Cost of Ownership, ERP appears to be cheaper, but is it? In addition to all of these benefits, the total cost of ownership of an ERP-based solution is higher. In fact, 74% of ERP implementations go Over Budget and they take longer to roll out.

supply chain budgeting 221

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

Una

SEPTEMBER 22, 2022

Be weary of the risk of receiving little value for your large IT spend due to a perceived lack of solutions and the high cost of enterprise tools. Look Beyond Cost. There are times when cost reduction is a priority but the IT procurement process should take other factors into account as well.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Una

SEPTEMBER 21, 2023

Process efficiency Streamlining procurement processes and eliminating inefficiencies can reduce the time and resources required for procurement activities, contributing to cost savings. It helps procurement professionals make informed decisions that lead to long-term cost savings.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

IBM Supply Chain Blog

JUNE 30, 2023

Being able to track assets, assess and monitor them, manage and optimize their quality and reliability, and gauge where inefficiencies are occurring means a business can get the most out of its assets and avoid unnecessary disruptions that could impact the smooth running of its operations.

Management 63

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 63

Empowering CPO

JUNE 27, 2023

Pricing and Cost Metrics: By comparing pricing across suppliers within a category, organizations can identify potential cost-saving opportunities. Analyzing price variances, total cost of ownership, and supplier profitability can lead to more favorable negotiations and better cost management.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Procurement strategies 40