cost savings

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|

Procurement Strategy: Optimizing Your Path to Success

When implementing or refining a procurement strategy, the decisions you [...]

February 14th, 2024|Categories: Cost Management, Procurement, Supplier Management, Supply Chain|Tags: business optimization, cost savings, Process Improvement, procurement, Procurement Strategy, supplier relationships, 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|

Beginner’s Guide to Managing Spend

To new members of a Procurement & Purchasing team, it's [...]

August 2nd, 2023|Categories: Procurement|Tags: Budgeting and Forecasting, contract management, cost savings, Negotiation Strategies, Procurement & Purchasing Teams, Resource Allocation, Risk Mitigation, spend analysis, Spend Management, Supplier Evaluation and Selection, Supplier Relationship Management (SRM), supplier relationships|

Direct and Indirect Spending

It is important for a procurement professional to know the [...]

May 5th, 2021|Categories: Sourcing, Spend Analysis|Tags: cost savings, direct spending, indirect spending, sourcing strategy, spending analysis|

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Copyright © 2020 Next Level Purchasing, LLC. All rights reserved.