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

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. In this dynamic environment, traditional procurement practices that focus on transactional tasks are no longer enough.

Category management 52

Category management Management Procurement Supplier relationship management 52

Spend Matters

JANUARY 16, 2024

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Ron Emma, CEO of Simfoni.

Procurement solutions 82

Procurement solutions Procurement Spend management Supply Chain Optimization 82

Una

AUGUST 9, 2022

How to Use Group Purchasing as a Cost Reduction Strategy. At the height of the COVID-19 pandemic, 49% of companies were considering layoffs, while over 33% had frozen new hires as a way to implement some sort of cost reduction strategy in the middle of a global crisis. Cost reduction in procurement.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

Procurement Tactics

SEPTEMBER 15, 2022

33 Procurement Interview Questions in 2022. Sustainable Purchasing — The Ultimate Guide. Additionally, we will tell you ways in enhancing sustainable purchasing strategy. . Sustainable purchasing is often confused with sustainable procurement but they are different from one another. What is Sustainable Procurement?

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Warehouse Automation — Transforming Warehousing Warehouse automation helps businesses to increase productivity and accuracy in their warehouses. However, what is it? So, without further ado, let us now start!

supply chain software solutions 178

supply chain software solutions Warehouse operations Order Fulfillment Inventory 178

Una

MARCH 6, 2024

Your Business Guide to Outsourced Procurement A comprehensive guide to outsourced procurement and the benefits of working with a group purchasing organization to save money, time, and effort. Download Full Guide Introduction Everyone outsources. Yes, outsourcing can cost money, but sometimes it can also save money.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Procurement Tactics

SEPTEMBER 22, 2022

33 Procurement Interview Questions in 2022. Sustainable Procurement Business Examples — The Ultimate Guide. Sustainable procurement is being adopted by many companies to reduce their carbon emissions and achieve sustainability. After reading this article, you will have a deeper understanding of sustainable procurement.

Sustainability 130

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 130

Procurement Tactics

JULY 14, 2022

33 Procurement Interview Questions in 2022. Procurement Service Provider — The Ultimate Guide of 2022. The demand for a procurement service provider has increased due to the global market conditions. With this in mind, what is the role of a procurement service provider? . What is a Procurement Service Provider?

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Procurement Tactics

SEPTEMBER 13, 2022

33 Procurement Interview Questions in 2022. Sustainable Supply Chain — The Ultimate Guide. Normal supply chain management focuses mainly on the cost, speed, and reliability of the operations. It also drives green operations and results in cost savings and an enhanced supply chain over the long term. First Name.

Supply Chain Efficiency 183

Supply Chain Efficiency Supply Chain Optimization Sustainability Agile and Lean Supply Chain 183

Una

JULY 19, 2022

3 Reasons to Develop a Comprehensive Procurement Strategy. Because of this, it isn’t necessarily wise to approach procurement with a one-size-fits-all mentality. Benefits of building a comprehensive procurement strategy. Minimize costs and reduce sourcing errors. By Mackenzie Oakley | July 19, 2022.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

Una

OCTOBER 13, 2022

Current Events Impacting Procurement. Procurement and supply chain management would be a lot easier if the function existed in a bubble, but it would also be a lot less exciting. In other words, procurement is at significant risk of disruption, but this risk can be mitigated through a combination of strategies. .

Procurement 98

Procurement Agile and Lean Supply Chain Price Supply chain 98

Una

NOVEMBER 2, 2023

If you have aspirations to become the Clapton of procurement, you will need to use every tool at your disposal. Working with a GPO In our many conversations with procurement professionals, we’ve often encountered a concern that partnering with a group purchasing organization (GPO) will somehow make the individual less effective at their job.

Negotiation 52

Negotiation Purchasing Strategic sourcing Strategic sourcing 52

Una

SEPTEMBER 21, 2023

Cost Savings vs. Cost Avoidance in Procurement Understand cost savings vs. cost avoidance in procurement and how each distinctly impacts an organization’s approach to cost management. I just decided not to buy myself a Tesla Model S!” “…I don’t think that’s a cost saving.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

Una

DECEMBER 6, 2022

Procurement no-brainers include low-risk, high-return activities like centralizing data , paying suppliers on time, and optimizing processes. There are zero costs or fees. Suppliers are motivated to pay admin costs because it essentially guarantees an increase in volume sold thanks to the collective buying power of Una’s membership.

Purchasing 98

Purchasing Procurement strategies Risk Suppliers 98

Una

JULY 6, 2022

A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. The real value, however, and where you’ll truly benefit from working with a group purchasing organization like Una, lies beyond the initial cost savings. Cost Savings. GPO Cost Savings Calculator Tool.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Planergy

SEPTEMBER 5, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Why is Business Budgeting Important?

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Empowering CPO

JANUARY 28, 2024

Introduction In the dynamic realm of procurement, organizations strive to not only meet their immediate needs but also to establish sustainable and cost-effective supply chains. By adopting this approach, organizations can strategically manage their procurement processes to achieve significant cost savings and operational efficiency.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Optimization 40

Empowering CPO

JUNE 26, 2023

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. This is where spend analysis steps in as a powerful tool to help healthcare organizations gain deep insights into their procurement activities.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Una

SEPTEMBER 13, 2022

Six Ways to Improve Your Category Strategy Development. When is the last time you referred to your category strategy? Without ongoing, data-driven category strategy development, procurement professionals will struggle to drive continuous improvement and stay aligned with the business. By Hugo Britt | September 13, 2022.

Strategy 98

Strategy Category management Risk Purchasing 98

Procurement Leaders

JUNE 1, 2022

With up and downstream emissions accounting for 57% of the average company’s environmental impact, according to Procurement Leaders research, improving supply chain sustainability is becoming an ever-greater priority for business leaders. Getting started: Engaging stakeholders and gathering supplier decarbonisation data.

Strategy 130

Strategy Sustainability Supply Chain Efficiency Suppliers 130

Una

AUGUST 17, 2022

A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. In this Guide: Introduction.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Procurement Templates

FEBRUARY 19, 2024

Here is an overview of the key must-know items in my catering buyers guide. Cost Plus Contract- the client pays for all the operating cost such as food, labour and sundries. Cost Plus Contract- the client pays for all the operating cost such as food, labour and sundries. All operating cost.

Contract 130

Contract Purchasing Price Suppliers 130

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Una

SEPTEMBER 22, 2022

Ultimate Guide to IT Procurement. A guide to IT procurement for navigating the complex IT sourcing process in a way that drives organizational efficiencies and improves your bottom line. Comprehensive Guide to IT Procurement. Procurement embodies purchasing across a wide range of categories.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Strategic sourcing has become a pivotal approach to procurement, offering a pathway to significant cost savings , enhanced supplier relationships, and optimized sourcing practices.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

SCMDOJO

MARCH 19, 2024

Brands must leverage effective marketing strategies to elevate supply chain visibility and prevent lost sales and customers. At the same time, it makes excellent sense to have a good SEO software solution to keep track of how your marketing strategies perform. Each of these experiences damages the customer relationship.

Supply Chain Visibility 76

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 76

Value Match

MAY 4, 2023

Additional challenges posed by Brexit, the Pandemic, cost of living crisis and the on-going war in Ukraine, mean that the race to reach net zero will remain an ongoing challenge. Reaching net zero and having a robust carbon reduction plan in place is becoming central to winning future public sector contracts.

Sustainability 52

Sustainability Bidding Contract Import 52

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. Introduction A. Embrace Digital Transformation A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Arkestro

SEPTEMBER 29, 2023

By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate (CAGR) of nearly 20% , equating to $8.36 This is largely driven by technological innovations shaking up the industry, with autonomous procurement at the helm. What is autonomous procurement? Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

SCMDOJO

NOVEMBER 9, 2023

The primary goal of inventory control is to reduce the costs associated with holding stock. Furthermore, implementing the right Inventory Control Techniques can help reduce storage costs. If you hold excess inventory or products that are difficult to sell, your storage costs will increase.

Inventory control 79

Inventory control Inventory Supply Chain Optimization supply chain budgeting 79

SCMDOJO

DECEMBER 14, 2023

A sourcing agency is like a helpful guide in the complicated process of getting goods. A sourcing agency is like a helpful guide in the complicated process of getting goods. Limited Scope: Offers a more focused and individualized approach to the procurement process. It makes the job of getting goods and services easier.

Sourcing 73

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 73

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

Empowering CPO

JUNE 16, 2023

Brief Overview of Spend Analysis Spend analysis is a process that involves collecting, cleansing, classifying, and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance. In essence, spend analysis empowers procurement teams to turn data into strategic action.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Empowering CPO

JUNE 22, 2023

Two critical aspects that play a pivotal role in this regard are Spend Analysis and Sustainable Procurement. It involves the collection, classification, and evaluation of expenditure data with the goal of decreasing procurement costs, enhancing efficiency, and monitoring compliance.

Sustainability 52

Sustainability Procurement Supplier consolidation Supply Chain Efficiency 52

Procurement Software

MARCH 19, 2024

When you hear the words Generative AI in Procurement, your reaction is probably one of two things: Either you get excited, thinking of all the benefits and time-saving hacks it could offer. We therefore must try to understand what potential impact generative AI could have on procurement organisations.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Empowering CPO

JUNE 14, 2023

Introduction Welcome to the dynamic world of procurement, where businesses are constantly seeking innovative ways to manage their supply chains more efficiently and effectively. One strategy that has captured considerable attention is procurement outsourcing. Let’s dive in!

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Real-time Visibility 52