NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

Until you can leverage what it takes to succeed, most businesses today will struggle to maintain fiscal viability and relevance in the Modern Global Market. Inability to execute good Business Strategies. Inefficient Logistics and Business Metrics. Social Responsibility is a major dimension of their business strategy.

Agile and Lean Supply Chain 52

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

World of Procurement blog

APRIL 23, 2024

Sourcing Software: Helps companies find and acquire goods and services by managing RFQs (Request for Quotations) and bidding processes. Contract Management: Facilitates the creation, negotiation, approval, and storage of contracts in a secure environment. Tools like Jaggaer and Scout RFP are popular choices.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Barkers Procurement

MARCH 23, 2022

OVO Energy were able to realise their metering business strategy whilst also delivering savings of c. £23 OVO Energy required support and commercial advice to help them develop their new metering strategy and requirements and manage the procurement process through to contract award.

Contract management 52

Contract management Contract Market knowledge Negotiation 52

Procurement Insights

JANUARY 3, 2025

This change reflects broader trends in business strategy, global market dynamics, and technological advancements. Technology Adoption Begins : Boards became aware of the need for digital transformation in procurement, including the adoption of tools for spend analysis , e-procurement , and contract management.

Agile and Lean Supply Chain 52

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

ivalua

MARCH 14, 2019

These days a good CPO is more than an expert in business strategy and making cost savings, they are also empathetic leaders with excellent, cross business communication skills who don’t shy away from using the latest technology.

Procurement 100

Procurement Innovation Networking Strategic sourcing 100

IBM Supply Chain Blog

DECEMBER 13, 2023

Understand the organization’s needs—whether it’s increased sales, managing cash flow, shorter time-frames, improved forecasting, quality management or sustainability—and how they align with the overall business strategy and long-term plan. Be flexible.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Pipefy

JANUARY 30, 2024

Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and remain competitive.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Procurement Heads

JUNE 14, 2023

There were no category strategies in place, sourcing was often about re-tendering the same specifications again just to try and squeeze further cost out, and there was a culture of disputes in post contract management. We were not very innovative or creative in our commercial deals.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Networking Supply Chain Efficiency Innovation 130

Pipefy

NOVEMBER 24, 2023

Businesses, therefore, should select the product that best aligns with their procurement requirements and business strategy. These tools are classified according to the procurement functions they perform, including contract management, informing, ordering, sourcing, and tendering.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

IBM Supply Chain Blog

APRIL 4, 2024

Business process management examples BPM can help improve overall business operations by optimizing various business processes. Also, BPM provides real-time insights into compliance metrics and risk exposure, enabling proactive risk management and regulatory reporting.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Pipefy

JULY 24, 2024

Its AI capability also allows such platforms to automate tasks like contract management, procure-to-pay, supplier relationship management, supply chain management, risk evaluation, and risk hedging.

supply chain software solutions 52

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

Pipefy

JANUARY 9, 2024

Smart procurement can leverage automation for processes like contract management, vendor management, request management, and procure-to-pay. While these tools can lighten workloads and improve agility and decision-making, they can’t operate without the input of humans.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Procurement supply chain software solutions 52

Zycus Cognitive Procurement

JANUARY 31, 2023

From realistic KPI’s to regular compliance reviews, effective contracts set clear terms that meet all parties’ needs and ensure transparency in objectives. A contract management tool can help make this process more robust and fault-proof.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Sourcing and Supply Chain

NOVEMBER 8, 2021

Challenges faced in managing payrolls ? Developing Entrepreneurship and Business Strategies ? Managing legal, financial, and administrative data. Skills such as managing all kinds of corporate spending, Reimbursements, Petty Cash, Business Expenses, Payments, Cards, Travel, and more are equally important.

Influencing 52

Influencing Data Risk Quality 52

Let's Talk Supply Chain

MARCH 23, 2023

This month we’re proud to feature Erica Patterson, Director of Contracts Management & Supplier Diversity at Philadelphia Gas Works. Erica is an accomplished contracts specialist with education experience at the University of Phoenix where she earned a Doctorate in Management and Organizational Leadership.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization Supply chain 52

Empowering CPO

JULY 3, 2023

It has evolved to managing risks, fostering innovation, promoting sustainability, and contributing to the overall business strategy. These methods often involve manual, time-consuming processes, a lack of transparency in supplier relationships, and difficulty in managing and analyzing large volumes of procurement data.

Innovation 52

Innovation Strategy Procurement Management 52

Empowering CPO

JUNE 14, 2023

This foundation will enable us to appreciate the full context and nuances of this transformative business strategy. Partial Procurement Outsourcing: Here, only certain aspects of procurement are outsourced, such as strategic sourcing or contract management.

Procurement 52

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

Empowering CPO

MAY 4, 2023

Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance. Contract management systems: Solutions that store, organize, and manage procurement contracts in a centralized repository. Some key strategies include: 1.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JUNE 25, 2023

The industrial revolution in the 18th and 19th centuries marked a significant turning point, as businesses started to realize the strategic importance of procurement. With spend analysis, businesses can move beyond reactive procurement practices and adopt a proactive, strategic approach.

Procurement 52

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