Remove Purchasing Remove supply chain budgeting Remove White paper
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What’s Your Tariff Strategy?

Supply Chain Brain

In its newest white paper, value chain optimization firm River Rock Advisors details several steps companies can take to navigate this ongoing uncertainty. These steps aren’t one-time actionable steps but rather long-term focuses that should be implemented alongside other operational and business strategies.

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Understanding Spend Management Perspectives: CFO, CEO, Procurement Director & Procurement Manager

NLPA (Next Level Purchasing Association)

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. We should also monitor the actual expenses against the projected spend to ensure that we are staying within our budget.”

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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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Release Your AP Team with Invoice-to-Pay

ivalua

Invoice-to-Pay is therefore an integral part of the whole procurement process, and typically includes the following tasks: Rather than the traditional silo’s of Invoice processing, budget allocation and payments, ensuring AP is not an isolated process but part of the whole procurement journey is important.

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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).

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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. However, failing to strategically measure purchasing performance can have significant impacts.

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A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.