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. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. They also manage the organization’s supply base to ensure coordination and efficiency.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

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Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. You snag a bunch of budget-friendly printers without considering the long game.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

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. 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

Supply Chain Game Changer

NOVEMBER 13, 2018

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? The fundamental objective of any organisation is lowering the cost of goods manufactured. Deliver significant earnings to bottom line.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Supply Chain Trend

DECEMBER 22, 2023

In the end, IBP is a philosophy, or belief system that strives for transparency, near perfect integration and alignment, both horizontal (between functions, BUs, even companies) and vertical (between strategy, planning and execution). These are ideas of enhancement, evolution, not replacement. So, there are many possible approaches.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Procurement Software

MARCH 11, 2022

In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration. How organisations should recognise the “invisible” benefits.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration. How organisations should recognise the “invisible” benefits.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

ivalua

FEBRUARY 25, 2021

ERP vs. 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. The verdict?

supply chain budgeting 221

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

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Organizations are ‘going carbon neutral by 2025’, and ‘implementing Artificially Intelligent business systems’ and ‘sourcing form solely environmentally friendly suppliers’. Responsible Sourcing. Subscribe Here! Email Address. 7 KPIs Your Procurement Team May Be Ignoring!

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

IBM Supply Chain Blog

NOVEMBER 8, 2023

These are important steps for their mission to achieve better clinical outcomes, a faster time to treatment for patients, and an efficient reduction in pathologist workloads. The goal is to provide clients with a clear path forward for business continuity, ensuring a smoother and more efficient process.

Leadership 98

Leadership Data Cost of ownership Strategy 98

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 includes things like cost per unit (CPU), the total cost of ownership (TCO), scrap/rework costs, etc. Compliance.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

SCMDOJO

APRIL 26, 2023

It involves segmenting spending into areas that contain similar or related products, allowing for a focused approach on categories that offer opportunities for consolidation and efficiencies. Sourcing decisions also play a role in the categorization of items or services. What will a Category Management plan entail?

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. Macfarlane, 2017).

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Improved data accuracy: Digital systems reduce the risk of human errors, ensuring accurate data for better decision-making.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Skill Dynamics

OCTOBER 19, 2023

Numerous platforms and needs, on top of a multi-tiered supply chain, have made origin tracing even more challenging. Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. The disadvantage of this sourcing strategy is risk concentration.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

IBM Supply Chain Blog

JUNE 30, 2023

Typically, EAM solutions cover work orders, contract and labor management, asset maintenance, planning and scheduling, condition monitoring, reliability analysis, asset performance optimization, supply chain management, and environmental, health and safety (EHS) applications.

Management 65

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 65

IBM Supply Chain Blog

AUGUST 15, 2023

It also highlights the importance of a thoughtful approach to observability to prevent spiraling costs. Observability tool vendors understand the importance of accommodating businesses with varying budgets. Prometheus and Grafana) provide additional avenues for cost savings.

Real-time Visibility 52

Real-time Visibility Budget e2e Cost of ownership 52