Cost of ownership Purchasing Spend management supply chain software solutions 
NLPA (Next Level Purchasing Association)
APRIL 5, 2023
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. However, failing to strategically measure purchasing performance can have significant impacts.
Una
JANUARY 8, 2024
Boosting Business Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. What if procurement wasn’t just about cutting costs and securing deals?
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Procurement Software
MARCH 11, 2022
Unlike for those who purchase direct materials, it’s much trickier to measure hard savings – i.e. those which are easily visible on the P&L statement – in the indirect space. It’s not only a problem for indirect spend though. Many companies only acknowledge savings based on Purchase Price Variance , or PPV.
Procurement Software
MARCH 11, 2022
Unlike for those who purchase direct materials, it’s much trickier to measure hard savings – i.e. those which are easily visible on the P&L statement – in the indirect space. It’s not only a problem for indirect spend though. Many companies only acknowledge savings based on Purchase Price Variance , or PPV.
Planergy
SEPTEMBER 8, 2022
If suppliers feel like you’re constantly criticizing them or looking for ways to reduce costs, they may be less likely to want to do business with you in the future. This allows procurement organizations to identify which supplier is not meeting expectations and adjust their purchasing accordingly. Aim for Continuous Improvement.
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