NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

ivalua

MARCH 17, 2021

Office of Management and Budget (OMB) estimates federal grants to states and local governments in FY2019 totaled nearly three quarters of a trillion dollars. trillion, making grants roughly 17% of the total federal budget. . Federal grants often make up a large portion of any state, county or municipal budget.

Supply Chain Efficiency 130

Supply Chain Efficiency Management supply chain budgeting Budget 130

NLPA (Next Level Purchasing Association)

JULY 20, 2023

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

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.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Jaggaer

APRIL 14, 2020

Many countries have closed shops for non-essential and discretionary purchases, and even where they are open, consumers may be cautious about venturing to the high street, preferring to shop online. This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains.

supply chain budgeting 52

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

Arkestro

MAY 9, 2023

Yet challenges like the COVID-19 pandemic, global supply chain disruptions, and the economic downturn have all limited and slowed down the next phase in procurement transformation. As an increasing number of companies prioritize cost containment, the pressure is on for procurement.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. The fundamental objective of any organisation is lowering the cost of goods manufactured. Today reducing cost is no longer enough.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

World of Procurement podcast

AUGUST 8, 2021

I caught up with Erin McFarlane, VP of Services at Fairmarkit to talk to her about her reason for being in the Procurement space and what Fairmarkit offers as a service to people like you and me as Procurement and Supply Chain pros. We talk about how COVID changed this and pushed forward the need to digitalised.

Sourcing 52

Sourcing supply chain budgeting Sustainability Supply chain 52

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Others will have a purchasing or supplier management board at the senior management level.

Suppliers 55

Suppliers Management Quality Import 55

Empowering CPO

JUNE 14, 2023

These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing. The focus here is primarily on cost reduction, with procurement seen as a cost center rather than a value-add function. The necessity of incorporating sustainability into procurement practices.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. But, when my mom was buying a new vehicle, she didn’t decide to scrap the vehicle from 1993 and purchase one from 1995. TVO differs from TCO because it is not solely focused on cost, but several dimensions of ‘total value’, such as societal, environmental and also financial aspects.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Procurement Software

MARCH 5, 2024

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. These modules can be purchased separately or as one complete suite. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Una

JULY 25, 2023

Doing so reveals the topics that our community of procurement and supply managers are most interested in, from the latest trends to perennial topics that will never go out of date. This article explores the importance of monitoring supplier KPIs and why having them in place is key for reducing costs and improving your bottom line.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. Subscribe Here!

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

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. Some of the key benefits include: 1. Develop a Comprehensive Procurement Strategy A. Develop a Comprehensive Procurement Strategy A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Supply Chain Opz

JULY 31, 2012

Air Force decided to implement a spend analysis program due to a budget cut. They conducted an extensive literature search, carried out an extensive analysis and published the result in the report called " Using a Spend Analysis to Help Identify Prospective Air Force Purchasing and Supply Management Initiatives ".

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain management Supply chain management 40