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The Importance of Supply Chain Visibility for Procurement

NLPA (Next Level Purchasing Association)

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them. million, up from $1.9

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Digital Twinning of Supply Chains!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains. The physical supply chain is not easily changeable.

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Are these the Top 10 Trends affecting Pharmaceutical Supply Chains?

The Network Effect

Note: this is the final is series of posts that explored the top 10 trends affecting pharmaceutical supply chains. . Optimized execution in operations, logistics, and distribution. If you like this topic, I suggest you download the full white paper, The Top Ten Trends Transforming the Pharmaceutical Supply Chain.

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What’s Your Tariff Strategy?

Supply Chain Brain

In its newest white paper, value chain optimization firm River Rock Advisors details several steps companies can take to navigate this ongoing uncertainty. These steps aren’t one-time actionable steps but rather long-term focuses that should be implemented alongside other operational and business strategies.

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What CPOs Need to Know About Predictive Procurement Orchestration

Arkestro

Simply put, organizations still aren’t harnessing the power of technology to its full effect — and they’re missing out on countless opportunities to optimize spending, decision-making, sourcing, and results. As an increasing number of companies prioritize cost containment, the pressure is on for procurement.

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A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

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.

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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. It involves analyzing, planning, and executing activities aimed at maximizing value while minimizing costs. Conclusion: Congratulations!