Cost Reduction

NLPA Blog

Nearshoring or Offshoring? Tips to Choose the Right Strategy

When cost savings is the main driver of a sourcing [...]

August 12th, 2024|Categories: Cost Management, Cost Reduction, Sourcing, Sourcing Strategy, Strategic Procurement, Supply Chain, Training|Tags: Compliance, cost savings, COVID-19, import duties, labor costs, lead time, nearshoring, offshoring, procurement, quality, risk, sourcing strategies, supplier relationship, supplier visits, Supply Chain, supply chain disruptions, transportation costs|

Leverage the Power of Spend Analysis

In today's competitive business landscape, procurement professionals constantly seek ways [...]

May 8th, 2024|Categories: Cost Reduction, Procurement Operations Management, Savings Strategies|Tags: Cost reduction, cost savings, internal interviews, market research, procurement, spend analysis, strategic sourcing, Supplier collaboration|

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