Role of the Procurement Function
Procurement Departments are created for the understanding and translation of customer needs and requirements to the selection of capable suppliers, to realize the cost-effective acquisition, receipt,…...
View ArticleThe Must Know Components of Inventory
Simplifying things, inventory refers to things that are being temporarily stored because they are not quite ready to go elsewhere. Inventory can be things that… Read more The post The Must Know...
View Article7 Ways Technology can Increase Profits
Technology has reshaped the way businesses operate, expand, and communicate. In our quickly changing world technology can streamline processes. What used to take months to… Read more The post 7 Ways...
View ArticleAre your Procurement Operations Dashboarded?
Establishing a Procurement Dashboard is an excellent tool for reporting procurement performance. A Purchasing Dashboard is a single-page document that contains four charts that illustrate… Read more...
View ArticleHow do you Plan to Buy in the New Normal?
Supply Chain Disruptions, Global Pandemic, Mass Layoffs, Economic Downturn, and a New Normal perspective for Supply Chain Operations. An Annual Procurement Plan is critical to… Read more The post How...
View ArticleThe Art of the Leverage : Procurement’s leverage Commodity Teams
Those of us who have been in the procurement profession for a while know that other departments within our organization don’t always hold the purchasing… Read more The post The Art of the Leverage :...
View ArticleDeploying Risk, Resilience, and Supply Sustainability Management
Next Level Purchasing Association’s definition of Risk, Resilience, and Supply Sustainability Management is: “A reliable, efficient, cost-effective, collaborative, responsive, agile, risk mitigated,...
View ArticleResilient Supply and Operational Chains through Design for Agile Resilient...
All organizations have supply chains with varying degrees of complexity and opportunities for value creation, cost reduction, and visibility and innovation enhancement. Organizations can leverage… Read...
View ArticlePowerful Understanding of Your Customer Requirements
Do you know what your Customer Need? Then what are you buying? A recent survey of procurement professionals conducted by NLPA revealed the need to… Read more The post Powerful Understanding of Your...
View ArticleAre Your Savings Reports Honest?
The procurement profession lacks universally-accepted standards that define what savings are. As a result, some procurement departments have very rigid qualifications for savings while others… Read...
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