NLPA (Next Level Purchasing Association)

JANUARY 17, 2023

They all include enhancements of: Spend Management. The underpinning of effective spend management is the capacity to formulate and execute an Annual Buying Plan. Historical Spend: A summary of the previous years’ expenses for procuring each commodity. A good buying plan should include the following components.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Spend management Cost of ownership 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

Category management flips this script, emphasizing collaboration and building strong partnerships with key suppliers. This collaborative approach fosters better communication, risk management, and innovation. These KPIs could include total cost of ownership, supplier delivery performance, or on-time in-full rates.

Category management 52

Category management Management Procurement Supplier relationship management 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health. It involves optimizing procurement processes and reducing costs while maintaining the quality of goods and services.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

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

Planergy

SEPTEMBER 8, 2022

This includes things like cost per unit (CPU), the total cost of ownership (TCO), scrap/rework costs, etc. This will go a long way with risk management. Use PLANERGY to manage purchasing and accounts payable. This includes measures like fill rate, on-time delivery (OTD), lead time, etc. Download PDF.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52