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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 in 2015.

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The Difference Between Logistics and Supply Chain

NLPA (Next Level Purchasing Association)

The globalized world relies on efficient and well-coordinated supply chains. Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. It specifically focuses on the physical movement, storage, and coordination of goods and information within the supply chain.

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How Banks Can Improve Transparency in Procurement for Better Compliance

Jaggaer

The JAGGAER ONE platform provides banks and other financial services organizations with the robust tools they need to gain visibility into supplier operations and risk, helping to build a true picture of what is really going on in the supply chain. Download it here now. About the Author.

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Procurement Strategy: Optimizing Your Path to Success

NLPA (Next Level Purchasing Association)

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.

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Managing Outsourcing Risk: A New Framework for Banking and Beyond

Jaggaer

To combat this risk, the European Banking Authority (EBA) published draft guidelines for the management of outsourcing practices i n June, 2018 to establish a common framework f or risk management in outsourcing activities. How Integrated Procurement Software Solutions Can Help Banks Get Compliant .

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

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SUSTAINABLE PROCUREMENT FOR COMPLIANT, FUTURE-READY ENTERPRISES

Zycus Cognitive Procurement

How green procurement practices and robust supplier risk management can help organizations build superior brand equity and drive significant business outcomes. Zycus is committed to building simple, intuitive, cost-effective, and highly scalable source-to-pay solutions for the future-ready enterprise. Holistic risk management.