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The Criticality of Procurement Training in 2023

NLPA (Next Level Purchasing Association)

Moreover, “Pricingmanagement remains critical. They all include enhancements of: Spend Management. The underpinning of effective spend management is the capacity to formulate and execute an Annual Buying Plan. Supply Chain Agility and Visibility. Decisions around Supplier Selection.

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Episode 137: Using Visibility to Combat Supply Chain Abstraction with Frank Kenney

Una

Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supply chain complexity. The basics of group purchasing Group purchasing refers to the practice of businesses or organizations coming together to purchase goods or services at a discounted price.

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How is technology transforming global sourcing ?

Claritum

Do you have visibility of a global supply chain? If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. Supply chain visibility is poor. %.

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The 25 Hottest US Procurement Startups

Procurement Software

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. It also tracks wear & tear, monitors capacity, and allows for budget management.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers. What steps are involved in Source-to-Pay?

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Sourcing promotional products the right way

Claritum

A lot of time and energy can be spent inefficiently sourcing the goods, which can be bought from a huge variety of suppliers at vastly differing prices and quality. Buying in this way means that companies are offered no price leverages and so often end up over paying for goods. Sourcing complex projects.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability. Supplier qualification / onboarding module which contains a vendor master data management portal. Price, terms and contract negotiation. Master data management. Requisition-to-PO management.