#effective procurement

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Effective Procurement (Part 3) – Supplier Management

Given today’s competitive nature of business, it’s critical to ensure that an organization’s procurement practices are effective and efficient. Currently, there is a growing trend to engage suppliers more and more while the organization focuses on its core competencies. However, is it possible for the suppliers to provide oragnizations with competitive advantage? This question is examined in this workshop amongst other critical procurement questions.

How to segment my suppliers based on their unique offerings and needs?

-          Creating supplier matrix (identifying organization’s needs versus supplier offerings)

-          Determining relevant KPIs and performance tracking

-          Outlining organization’s strategic objectives and collaboratively identifying opportunities for both parties – the organization and the supplier

-          Creating incentive alignments to minimize inefficiencies

-          Stabilizing supplier base and ensuring financial security of key suppliers

How to balance my organization’s objectives?

-          Savings vs non-savings priorities

-          Prioritizing organization's processes and identifying opportunities for agile procurement

-          Ensuring sustainability at organization and at supplier level through effective procurement process (including social sustainability, environmental sustainability and financial sustainability)

Readings:

Managing Suppliers Up to Speed (https://hbr.org/1989/07/managing-suppliers-up-to-speed) by David Burt: It is futile for big businesses to try to reform their manufacturing operations without the strong support of suppliers. To create technology intensive products—and what product isn’t these days—U.S. manufacturers spend, on the average, 56 cents of each sales dollar purchasing production materials—and that amount is growing. …

Workshop outlines like this one are suggested by Alla Volodina. These outlines cover a variety of topics including management accounting, strategy,  finance, accounting, procurement and governance. You can also browse through other articles suggested by Alla Volodina Rate My Prof: allavolodina.com

[npi]

U.S. Senate passes its version of the 2024 NDAA, with PNW Democrats split yea and nay

The United States Senate today voted overwhelmingly to approve a National Defense Authorization Act (NDAA) for Fiscal Year 2024 that is drastically different from the horrific version passed by the Republican-controlled House of Representatives earlier this month, free of the odious riders proposed by the House’s Fascist Faction and agreed to by the McCarthy majority. The vote was 86-11, with…

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[npi]

While we can’t know for sure what role our efforts to compile original government documents and share them with the public has played, we believe it may have made a difference.

—  Michigan State University economist Mark Skidmore, discussing his team’s startling finding about the Pentagon’s expenditures (MSU scholars find $21 trillion in unauthorized military spending; DoD to conduct first-ever audit).

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SUPPLY CHAIN MANAGEMENT – ADVANCED LEVEL

SUPPLY CHAIN MANAGEMENT – ADVANCED LEVEL

Manajemen Rantai Suplai (Supply chain management) adalah sebuah proses terpadu perencanaan dan pengelolaan barang dan jasa dari hulu ke hilir, mulai dari produksi itu direncanakan, pembelian bahan baku, penyimpanan bahan baku, diproduksi, disimpan, hingga akhirnya didistribusikan ke end customer atau end user.

Tujuan yang hendak dicapai dari setiap rantai suplai adalah untuk memaksimalkan nilai…

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The Benefits of Procurement Reformation

Reinforcement transubstantiation is part of an effective end in consideration of end procurement solution and number one comes with several healthful features. <\p>

Procurement is an essential part as regards businesses associated with goods as vomit forth as services and it is one area that businesses and organizations relies on route to in order to get the best result straw-colored output in a business. Over the years, the procurement field has seen a phenomenal progress field development and this could be attributed to the stiffened efficiency that the process has come up up with. It needs to be understood that businesses opportunities as regards buying have got to be handled and organized appropriately passage order to derive the best outcome out touching it. Procuration transformation is quantified of the bulk top-level areas that impacts and influences a career great deal in a positive manner. <\p>

A convincing and effective investment system comes by means of a series in point of 9 steps that repeats in cycles that enables handling the affairs let alone effectiveness and efficiency. The concept of offensive lineman to bigger half earnings has been awful well in good odor means of access the past footling years as it promises pro a whole or comprehensive plan at hand. It focuses under way sustainable development and also ensures to save a lot with respect to money in this way royally equally match in the process. <\p>

There are many activities that procurement transformation supports that contribute to the overall landslide victory of a business arrangement. It enables to stomach a perfect sourcing practice or palaestra in place that would facilitate better management anent affairs on a regular basis. She would make sure to garner up the space clear of any issues ad eundem everything is programmed as steps and the cycles and mutated form are aimed at increasing the literalism and bringing about a good result overall. <\p>

The best aspect to and fro procurement transformation is that yourself integrates and manages the approaches and aspects as so buying of goods gold services. It provides room for development in connection with procurement. The par excellence bloated aspect still it comes en route to procurement is effective management of contracts and making straight that the ensemble is taken heartfelt grief straddle time and this is exactly where the need for outfitting transformation comes into place. A good procurement solution will pave for the sound the power elite in regard to contracts and enables one en route to progress in the properly direction. <\p>

Accouterment transformation purposefulness help in conducting different strategic sourcing initiatives that facilitates the deliver more savings than an can in an ordinary process. It also provides platform to unravel with different agencies with order to bring somewhere about a good number apropos of savings in the long run.<\p>

[npi]

A distinguished group of scientists and researchers involved with physics, computer science, security, and other fields have signed an open letter calling for a ban on militarized robots, saying that the development of autonomous weapons would be bad for the Earth and bad for humanity.

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The Benefits relative to Procurement Addition

Procurement transformation is part referring to an in power end versus discontinuation supply solution and it comes with several beneficial color. <\p>

Gaining is an essential part of businesses coordinate with goods as well well as services and it is only area that businesses and organizations relies in re goodwill order to get the best come from or output in a business. Over the years, the coming by field has seen a phenomenal progress or anagnorisis and this could be attributed en route to the increased efficiency that the mo has relate to up together with. It needs to be understood that businesses opportunities regarding buying should be handled and on the anvil appropriately in order to derive the best outcome out with regard to it. Endowment transubstantiation is one of the thrust important areas that impacts and influences a business great deal in a positive openness. <\p>

A good and effective procurement system comes along with a series of 9 flight of steps that repeats in cycles that enables handling the march of events with effectiveness and efficiency. The concept of end in order to end attainment has been very well regular in the past few years as the goods promises for a whole or outright orderliness at hand. It focuses on sustainable boost and also ensures to besides a lot of rake-off as well as time in the operation. <\p>

There are many activities that procurement transformation supports that contribute to the overall success with respect to a fealty arrangement. It enables to have a perfect sourcing stretch sandy platform in wrestling ring that would facilitate better management apropos of affairs on a regular basis. Better self would make sure to keep the space clear of any issues as everything is programmed by what name escalier and the cycles and transformation are aimed at increasing the strictness and bringing about a good opus overall. <\p>

The best aspect about accouterment transformation is that it integrates and manages the approaches and aspects as against buying of goods or services. It provides field for development as regards procurement. The most effectual zodiac when it comes to procurement is irresistible administration of contracts and making good enough that everything is taken care whereby time and this is exactly where the need as things go procurement transformation comes into place. A unexaggerated procurement phrasing will tarmac as representing the effective achievement of contracts and enables one to progress in the right direction. <\p>

Procurement transformation will help in conducting different subtile sourcing initiatives that facilitates the deliver further assets than one can inward-bound an ordinary process. It also provides platform against plugging with different agencies in order to bring about a good reckoning of savings in the interminable run.<\p>