Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Therefore, the success of supplier performance management directly affects the quality of the entire supply chain.

Suppliers 84

Suppliers Management Quality Import 84

Procurify

AUGUST 11, 2022

While dealing with the ongoing inflation, companies must navigate supply chain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. A big mistake made during a downturn is cutting marketing and sales budgets. Sell smarter.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency supply chain software solutions Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

JUNE 23, 2022

Act as a forum for disciplined discussion around setting policy, strategy, risk and budget changes. It is a multi-step process involving demand planning, supply planning, middle and top management meetings resulting in decision-making and authorization. appeared first on Next Level Purchasing Association (NLPA). Wallace and Co.,

Demand Planning 52

Demand Planning Demand supply chain budgeting Strategic planning 52