Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Provides a solid foundation in the core principles of procurement and supply management.

Supply chain management 116

Supply chain management Supply chain management supply chain software solutions Supply chain 116

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

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.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Empowering CPO

MAY 4, 2023

Adopt a Total Cost of Ownership Approach A. Definition and importance of Total Cost of Ownership (TCO) Total Cost of Ownership (TCO) is a financial concept that takes into account all direct and indirect costs associated with purchasing, using, and maintaining a product or service throughout its lifecycle.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Jaggaer

DECEMBER 13, 2024

Strategic sourcing: This is a process of developing a channel of supply for products or services with the best supplier(s) at the lowest total cost of ownership (TCO) or best value (as opposed to the lowest price). to optimize cost savings and risks.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

Recommended Courses: 14 Procurement Best Practices Data Analytics for Procurement Professionals Savings Strategy Development Mastering Procurement Tactics Powerful Negotiation for Successful Buying Supply Management Contract Writing Visit NLPA Learning , the new home to all of our certifications and online courses.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Supply Chain Game Changer

MARCH 6, 2019

Total Cost of Ownership (TCO) is traditionally defined as “an estimate of all direct costs and indirect costs associated with acquiring and operating an instrument throughout its lifetime” ( Abbott ). As hinted at above, Value is — today — created within many new dimensions, taking on a more holistic perspective.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50