NLPA (Next Level Purchasing Association)

MAY 8, 2023

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

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility supply chain budgeting Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

JULY 11, 2022

Supply chain management is critical to achieving several business objectives. Read about how a British supercar manufacturer took control of its supply chain management and became more efficient and profitable. This bottleneck caused issues up and down the supply chain. Client Introduction.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Quality 52

ivalua

SEPTEMBER 24, 2020

Recent trends have increased the strategic importance of an effective, transparent Invoice-to-Pay process, managed by AP. However, it is easy to forget that an Invoice is simply a payment request, and therefore it’s the job of technology to make this easy, fast and more efficient – for the Supplier and the Accounts Payable team.

e2e 100

e2e supply chain budgeting Supply Chain Efficiency Suppliers 100

Supply Chain Game Changer

MAY 5, 2021

Subscribe to Supply Chain Game Changer. Defining the New Normal in Supply Chain! Resilience article and permission to publish here provided by Sam White at Argentus. As everyone in Supply Chain Management knows today, the field has come a long way. Subscribe Here! Email Address. Get Our EBOOK HERE.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

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 need to ensure that we are spending money effectively and efficiently to maintain our organization’s profitability.” “Our

Spend management 98

Spend management Management Procurement supply chain budgeting 98

SupplyShift

JANUARY 24, 2019

This article is an excerpt from our white paper, The Sustainable CMO: How sustainability is transforming the role of the CMO, written in collaboration with RF| BINDER and Possible. Click here to download the full white paper. In turn, we see the role of Chief Marketing Officer (CMO) radically changing. MANAGING RISK a.

Leadership 52

Leadership Sustainability Supply Chain Efficiency Price 52

The Procuretech Podcast

MARCH 15, 2022

More transparency. They have varying transparency when it comes to how these lists are put together. That's why we feel that a lot of the detailed research and white papers are unnecessarily complex. Do you need to pay several thousand dollars for a white paper you'll probably never read in full? No Jargon!

supply chain software solutions 52

supply chain software solutions Procurement Supply Chain Efficiency Market knowledge 52

NLPA (Next Level Purchasing Association)

AUGUST 23, 2022

It helps enhance profitability by reducing extra expenses and by, minimizing delays and speeding up the supply chain. The table below provides some interesting information concerning the percentage of organizations that even have a Supply Chain Strategy. Table 1, Supply Chain Strategy data.

Procurement strategies 52

Procurement strategies Strategy Procurement Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

JANUARY 10, 2024

In today’s eco-conscious world, the pressure to “go green” isn’t just a whisper on the wind – it’s a thundering roar echoing through boardrooms and supply chains alike. These independent third-party assessments verify a product’s environmental claims, ensuring transparency and building trust.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Sustainability Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

The modern business landscape is constantly evolving, and this dynamism is especially evident in the areas of purchasing and supply chain management. In today’s connected world, supply chains have become more complex, with global reach, sustainability concerns, and rapidly changing market dynamics.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Supply chain management 52

NLPA (Next Level Purchasing Association)

JANUARY 16, 2024

By working closely with suppliers to improve quality and efficiency, procurement can help your company deliver a superior product or service, ultimately driving sales growth. Mitigating Risk : Supply chain disruptions, quality issues, and price volatility can all pose significant threats to your business.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

Case Studies in Action Walmart’s Transformation : Walmart leveraged its procurement strategy for cost savings and supply chain efficiency. Amazon’s Efficiency Model : Amazon utilizes e-procurement tools and prioritizes supplier development in its procurement strategy.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Jaggaer

SEPTEMBER 1, 2020

Evaluating the relevant risks in the supply chain for each category. You can learn all about the ’why’ of category management in our recent white paper by Kelly Barner of Buyers’ Meeting Point. Defining the key performance indicators for managing and tracking supplier success. Download it now. Download it here now.

Category management 52

Category management Management Buyers Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

The relentless pursuit of cost reduction, navigating an increasingly complex supply chain landscape, and adapting to ever-evolving customer needs – these are just a few of the constant challenges faced by procurement teams today. Implement joint planning initiatives to foster transparency and identify opportunities for mutual benefit.

Category management 52

Category management Management Procurement Supplier relationship management 52

SupplyShift

JANUARY 24, 2019

This article is an excerpt from our white paper, The Sustainable CMO: How sustainability is transforming the role of the CMO, written in collaboration with RF| BINDER and Possible. Click here to download the full white paper. In turn, we see the role of Chief Marketing Officer (CMO) radically changing. MANAGING RISK a.

Leadership 40

Leadership Sustainability Supply Chain Efficiency Price 40

Jaggaer

JANUARY 14, 2020

Whether your organization is purchasing raw steel, injection molded plastics, or fully finished office supplies and IT equipment, a st reamlined P2P system can be a game changer. By optimizing the areas where you spend the most, your compan y and organization can drive significant savings in your supply chain.

Supply Chain Efficiency 40

Supply Chain Efficiency Raw materials supply chain budgeting Supply Chain Optimization 40

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

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.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

IBM Supply Chain Blog

OCTOBER 31, 2023

Chip designers and manufacturers find themselves under immense pressure to usher in new chip generations that exhibit increased density, reliability, and efficiency and adhere to strict timelines—a pivotal factor for achieving success. Simultaneously, these costs remain a crucial concern for established firms implementing EDA designs.

Contract 84

Contract Quantity Data Demand 84

NLPA (Next Level Purchasing Association)

JULY 20, 2023

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

The Network Effect

OCTOBER 1, 2014

I was speaking at a large conference about the major impacts of globalization, technology, and supply chain on commerce. In fact, 92% of all B2B customers say having a physical location where they can easily purchase or pick up product is extremely or very important. Failure to do so leads to turmoil and eventually bankruptcy.

Price 58

Price supply chain budgeting Supply Chain Efficiency Inventory 58

IBM Supply Chain Blog

MARCH 8, 2024

According to Statista, more than 200 million homes and businesses have already purchased it with that number expected to at least double by 2028 (link resides outside ibm.com). Smart factories 5G, along with AI and ML, is poised to help factories become not only smarter but more automated, efficient and resilient.

Networking 97

Networking Data Demand Quality 97

Jaggaer

MAY 24, 2019

In recent years there has been an increase in the outsourcing of services by banks in order to reduce costs and improve their efficiency and flexibility. A lack of transparency in the procurement of outsourced services can also lead to a number of other challenges, putting banks at risk for corruption and fraud. . About the Author.

Risk 40

Risk supply chain software solutions Supply Chain Efficiency Management 40

Arkestro

MAY 9, 2023

Yet challenges like the COVID-19 pandemic, global supply chain disruptions, and the economic downturn have all limited and slowed down the next phase in procurement transformation. Reduced Sourcing A turbulent market, supply chain disruptions, and rapid inflation have all created challenging times for procurement professionals.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

Claritum

MARCH 29, 2019

We have all had experience of the introduction of new IT systems that frankly make processes more complex and seem to have somewhere along the line missed the original objective of making the process more efficient. In fact, in attempting to automate the whole process many systems fail to achieve even the basic goal of efficient operation.

Eprocurement 40

Eprocurement Procurement Supply Chain Efficiency supply chain software solutions 40

Claritum

FEBRUARY 14, 2019

Many organisations continue to find their complex expense categories difficult to accurately understand and effectively control, even with dedicated experts in Indirect Sourcing, Corporate Procurement and Supply Chain Management and applying practices that have successfully brought other categories under management. Pricing complexity.

Real-time Visibility 36

Real-time Visibility Spend management Management Eprocurement 36

Claritum

JULY 16, 2019

The purchase of goods and services can be split into two primary procurement domains: The Strategic Core purchases that enable an organisation to produce their product or service (called Strategic Spend by many organisations). Better outsourced, so they can focus on automation for their strategic purchases and supply chains.

Procurement 32

Procurement Purchasing Supply Chain Efficiency Real-time Visibility 32

Procurement Software

MARCH 19, 2024

Examples here are: Drafting routine RFP documents Non-disclosure agreements Frame contracts Procurement policies and procedures So, in summary, the current use cases are more focused on time and efficiency savings. Talent Integrating generative AI into procurement will unlock efficiencies, innovation and cost savings.

Procurement 52

Procurement Category management supply chain software solutions Data 52