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What Makes a Supplier “Strategic”? Not Spend Volume.

Jaggaer

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Now more than ever, businesses must improve the efficiency of their supply chains not only to maintain a competitive advantage but also to reduce risk.

Suppliers 103
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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 ensures the smooth and efficient flow of physical goods from one point in the supply chain to another.

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Case Study: An Auto Manufacturer’s Supply Chain Goes From 0 to 60 (in less than a year)

NLPA (Next Level Purchasing Association)

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. The Result.

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Do You Conduct an Annual Procurement Strategy Review?

NLPA (Next Level Purchasing Association)

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. We got you.

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

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A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

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.

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The Power of Procurement Skills: Building a Resilient Business

NLPA (Next Level Purchasing Association)

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.