NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships. Risk Management Strategies : Supplier qualification processes ensure reliability and quality. Strong contract negotiation helps manage risks. Diversifying suppliers avoids a single point of failure.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

Jaggaer

SEPTEMBER 1, 2020

Defining the key performance indicators for managing and tracking supplier success. 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. Download it now.

Category management 52

Category management Management Buyers Supply Chain Efficiency 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

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. To thrive, procurement functions need to become strategic partners within the organization, actively driving growth and efficiency.

Category management 52

Category management Management Procurement Supplier relationship management 52

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. Properly identifying and mitigating risks is essential to ensuring success and sustainability.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

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. Some of these threats include loss of control over the activity itself and over essential information for the management of the bank, dependence on the supplier, and loss of know-how.

Risk 40

Risk supply chain software solutions Supply Chain Efficiency Management 40

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

Jaggaer

JANUARY 11, 2019

As we start 2019, it’s critical to understand how current events, changes in governmental policy and the general economic climate may affect the global procurement market and supply chain. While the impact of these tariffs is not fully clear yet, they are likely to slow economic growth, decreasing companies’ efficiency and profits.

Procurement 45

Procurement supply chain software solutions supply chain budgeting Agile and Lean Supply Chain 45