NLPA (Next Level Purchasing Association)
APRIL 8, 2024
The globalized world relies on efficient and well-coordinated supply chains. Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. It ensures the smooth and efficient flow of physical goods from one point in the supply chain to another.
Supply Chain Game Changer
JUNE 10, 2021
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IBM Supply Chain Blog
DECEMBER 13, 2023
A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software.
SCMDOJO
SEPTEMBER 18, 2023
In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Purchasing: Purchasing is the act of buying goods or services from suppliers or vendors.
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.
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.
ivalua
MARCH 17, 2021
The stimulus funding and projects it will benefit will require responsible management, stewardship and oversight for years to come. Grant solicitations are much like procurement solicitations in that, to be successfully managed, require contracts, budget tracking, purchase orders, invoicing, and audit preparedness. Sean Correll.
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