Remove Spend management Remove Supply Chain Efficiency Remove Supply Chain Optimization Remove Supply management
article thumbnail

Beginner’s Guide to Managing Spend

NLPA (Next Level Purchasing Association)

At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities. The Impact on Procurement & Purchasing Teams Managing spend has a direct impact on the success of Procurement & Purchasing Teams.

article thumbnail

Top Competencies of Procurement Professionals

NLPA (Next Level Purchasing Association)

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. Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health.

article thumbnail

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. FRDM FRDM is a software company specialising in supply chain risk management.