Cost reduction

NLPA Blog

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|

The Benefits of Cashless Procurement Systems

The global supply chain is undergoing a metamorphosis. Traditional methods [...]

April 24th, 2024|Categories: Cost Management, eProcurement, eProcurement, Risk Management, Strategic Procurement, Technology|Tags: business process improvement, cashless procurement, Cost reduction, cybersecurity, digital procurement, efficiency, eProcurement, finance, procurement automation, Procurement Best Practices, supply chain management, technology, transparency|

Soft Skills for Supplier Relationship Management

Nowadays, technical procurement skills are no longer enough when dealing [...]

Category Management in Procurement

In today's dynamic business landscape, category management in procurement has [...]

February 29th, 2024|Categories: Category Management, Cost Management, Procurement, Supply Chain|Tags: category management, Cost reduction, Cross-Functional Collaboration, Data Analytics, Performance Measurement", procurement, Spend Optimization, strategic sourcing, Supplier collaboration, supplier relationship management, supply chain management|

Unlocking Value Creation: The Evolving Role of Procurement

Whether your company's most urgent directive is to look into [...]

January 16th, 2024|Categories: Strategic Procurement, Supply Chain, Value Creation|Tags: Continuous Improvement, Cost reduction, cost savings, Data-Driven Decision Making, Innovation, Metrics, procurement, Risk Mitigation, Sales Growth, strategic sourcing, Supplier collaboration, Supplier development, supplier performance, supplier relationships, Value Creation|

7 Situations When Your Procurement Team Needs Process Improvement

Whether we’re peering into big or small companies, leadership will [...]

January 2nd, 2024|Categories: Procurement, Procurement Operations Management, Training|Tags: Agility, Collaboration, Competitive edge, Compliance, Cost reduction, efficiency, Process Improvement, procurement excellence, procurement professionals, procurement skills, risk management|

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