Remove Management Remove Real-time Visibility Remove Supplier consolidation
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Spend Matters Future 5 2024 – Introducing True ValueHub

Spend Matters

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers.

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Introduction to Supplier Consolidation

World of Procurement blog

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. To leverage procurement data and insights by consolidating spend across fewer suppliers.

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Tail Spend: Your Guide to Full Spend Visibility and Savings

Una

This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. You’ll hear from industry experts who have been there, done that, and can share best practices for managing tail spend. Let’s dive in. Next is the tail. What is tail spend?

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Building Blocks of Supply Chain Strategy!

Supply Chain Game Changer

A supply chain is made up of an interconnected network of suppliers that all function together to deliver products or services to customers efficiently. For a supply chain to run smoothly it needs to be well managed under the right strategy for your business objectives. Consolidation. Visibility. Demand Planning.

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How to Improve Procurement Efficiency

Una

In recent years, however, many teams have managed to successfully shake off this long-outdated reputation. Once the relevant information has been collected, you’ll be able to prioritize how best to direct your resources and time. Consolidate your supplier lists. Accelerate your P2P cycle time with an automated system.

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Do you have a Freight Management Strategy or are you Spinning your Wheels?

Supply Chain Game Changer

Check out Why don’t you have a TMS (Transportation Management System) Solution yet? Yet it is managed by one or two people, with no support, and no visibility from upper management. Aside from the cost impact the service implications of a poor Freight management system are enormous.

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Leverage the Power of Spend Analysis

NLPA (Next Level Purchasing Association)

By examining past purchases, spend analysis helps identify high spending areas, categorize suppliers, and uncover hidden costs. This data can then be used to negotiate better deals with suppliers, consolidate purchases, and streamline procurement processes. While valuable, past trends can’t always predict the future.