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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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Digital Twinning of Supply Chains!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains. The physical supply chain is not easily changeable.

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The Complete Guide to Project Management Software and Productivity Tips!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. There is a lot of project management software on the market. There are internet and desktop programs, but when it comes to costs, you can use paid or open licensed programs. The best software for project planning are: Hubstaff – for effective team planning.

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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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Beginner’s Guide to Managing Spend

NLPA (Next Level Purchasing Association)

This includes budgeting, forecasting, and optimizing the utilization of available funds. Cultivating strong supplier partnerships enhances collaboration, fosters innovation, and ensures a reliable supply chain. This involves reviewing historical expenditure data to identify patterns, trends, and opportunities for cost reduction.

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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. It involves optimizing procurement processes and reducing costs while maintaining the quality of goods and services.

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Managing Outsourcing Risk: A New Framework for Banking and Beyond

Jaggaer

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. The EBA guidelines provide a solid framework with key steps companies must take to protect their business from risk and to ensure the supply chain sustainability. .

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