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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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Beginner’s Guide to Managing Spend

NLPA (Next Level Purchasing Association)

This includes budgeting, forecasting, and optimizing the utilization of available funds. Cultivating strong supplier partnerships enhances collaboration, fosters innovation, and ensures a reliable supply chain. This involves reviewing historical expenditure data to identify patterns, trends, and opportunities for cost reduction.

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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. It involves optimizing procurement processes and reducing costs while maintaining the quality of goods and services.

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The Unofficial History of Spreadsheets in Procurement: Are Reports of Their Demise Greatly Exaggerated?

Procurement Insights

In discussing eSourcing, the guest author of the October 2008 post suggests, “It is perfectly possible to prepare a company’s annual accounts on spreadsheets, but it is much less time consuming and error-prone to do the same job with an accounting software package.” Interesting timing?

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The Complete Guide to Project Management Software and Productivity Tips!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. There is a lot of project management software on the market. There are internet and desktop programs, but when it comes to costs, you can use paid or open licensed programs. The best software for project planning are: Hubstaff – for effective team planning.

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Procurement Strategy: Optimizing Your Path to Success

NLPA (Next Level Purchasing Association)

Case Studies in Action Walmart’s Transformation : Walmart leveraged its procurement strategy for cost savings and supply chain efficiency. This reduced costs and fostered supplier innovation. They achieved this through supplier collaboration (sharing data) and consolidation (negotiating with fewer suppliers).