Archive for December, 2014

Application of Modern Operational Concepts in Procurement: A Comment on Procure-to-Pay Systems

Our guest blog post today comes from Abhinav Parameshwaran, a Solutions Consultant for Zycus Inc. Procurement is as ancient as trade and has evolved at a startling pace from a mere “Sourcing” Practice to an actual science, with cost and time-saving implications. The advent of ERP and ERP 2.0 systems has enabled procurement professionals around the globe to make sound…

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The NLPA Procurement Year in Review for 2014

Here we are at the end of another productive year in the procurement space.  2014 was a prolific year for the Next Level Purchasing Association (NLPA) as we put out an incredible amount of new educational material and offerings to help procurement professionals.  Here are just a few of the many highlights of our year in procurement! In March, we…

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Government Corruption and a Procurement Ethics Refresher

According to an article in the December 15th, 2014 Washington Times, the new senior procurement official at the United States Treasury Department saw to it that approximately $15 million dollars in contracts dating back to 2009 were awarded to friends while she worked at the United States Department of Veterans Affairs (VA).  The findings come from a report made public…

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How To Plan Your Procurement Certification Process

“How long will it take me to earn my procurement certification?” “What are all of the steps involved in the procurement certification process?” “What’s the best way for me to stay on track with my procurement certification plans?” If you’ve asked yourself any or all of these questions, there is finally an easy way to get personalized answers in one…

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Have You Tried The Procurement Training & Certification Starter Kit Yet?

In the last couple of weeks, the Next Level Purchasing Association (NLPA) launched the “Procurement Training & Certification Starter Kit.”  This collection of tools, training, and resources is designed to help procurement professionals learn more about procurement and plan to take their careers to the next level by becoming certified.  It is available at no charge. The Procurement Training &…

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Oil Prices are Declining, Time to Call your Suppliers to Negotiate

The declining price of oil (just under $60 a barrel as of today) has been a hot topic recently and a wide range of analysts are coming out of the woodwork with prognostications on where the price is headed and for how long. While all these so-called “experts” offer their insights, one needs to weed out all the noise and…

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Procurement Team Certification – 5 Benefits Leaders Can’t Ignore

  Procurement transformation. It’s a vision of most chief procurement officers. But what does a successful procurement transformation involve? Does it involve: Having the latest technological solutions up and running? Adding a few new procurement hotshots to your team? Setting new “stretch goals?” Certainly, a procurement transformation can include all of those things. There is a fatal mistake, however, that…

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How to Review a Contract

I hope that you have enjoyed the article A Buyer’s 11-Point Contract Review Checklist. Personally, I recommend that you never review a contract without a checklist like this. Why? Well, some terms of a contract can look harmless.  And the terms that you are reading on the 20th, 30th, and later pages seem to look even more harmless as your…

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Procurement Disaster Recovery Plans

Does your business have a detailed, procurement disaster recovery plan in place in case of a serious emergency? Years ago, an organization I previously worked for had a maverick spending employee I will call “Bob”. Oddly, Bob somehow controlled certain purse strings that did not fall under his department.  Even more amazing, his position in the organization had nothing to…

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How to Use Creative Negotiation in Procurement

If you are responsible for establishing relationships with strategic suppliers and saying “you need to sharpen your pencil” is your go-to way of negotiating with them, you need to get out of the 1990’s! Procurement negotiation today is as much about unlocking hidden value as it is about getting concessions on price and terms.  If you’re not sure how to…

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