ProcurePort

NOVEMBER 2, 2023

Procurement Sourcing Overview: Procurement sourcing is finding and choosing suppliers to get things an organization needs. Importance and Strategies: Good procurement sourcing saves money, ensures quality, reduces risk, and allows for innovation. appeared first on ProcurePort Blog.

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Sourcing Procurement Leadership Negotiation 130

Bonfire

MARCH 17, 2023

We recently chatted with seasoned procurement pros at our OntarioTalk event, and they had some great compliance advice that applies to all jurisdictions. Lawrence College Luca Del Grosso , Manager of Procurement at Technical Standards and Safety Authority They all shared their experiences and what worked well in their agencies.

Risk management 52

Risk management Risk Management Procurement 52

Empowering CPO

JULY 2, 2023

Introduction In an increasingly complex global market, procurement services have become more than just a business necessity; they are a strategic linchpin that can significantly impact a company’s bottom line. At EmpoweringCPO, we believe in the power of smart procurement to drive business success.

Risk management 40

Risk management Risk Suppliers Management 40

ProcurePort

OCTOBER 20, 2023

• Opting for procurement services offers cost savings through improved negotiations, volume discounts, and strategic sourcing, along with significant time efficiency gains and streamlined processes.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Risk management 130

ProcurePort

OCTOBER 25, 2023

• Vendor management is essential for cost efficiency, quality assurance, risk mitigation, and fostering innovation through collaborative relationships with suppliers.

Vendor management 130

Vendor management Management Procurement Quality 130

ProcurePort

MARCH 6, 2023

In today’s competitive business landscape, it’s essential to ensure that your procurement process is streamlined and efficient. A smooth procurement process can help your organization save money, reduce risk, and enhance collaboration with suppliers.

Procurement 147

Procurement Collaboration Risk Suppliers 147

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Art of Procurement

MAY 23, 2023

Cybersecurity tops the list of risks that keep c-suite leaders and procurement practitioners up at night. The post From Cybersecurity Threats to Revenue Loss: How to Manage (and Minimize) Risk with Procurement appeared first on Art of Procurement. Organizations face repeated and.

Risk 52

Risk Management Procurement Risk management 52

ProcurePort

OCTOBER 11, 2022

• The procurement process in any organization is a combination of several functions that require expertise ranging from sourcing, data collection and analysis, negotiation, accounting, risk management, project management, and many more. Though not set in stone, the procurement process can be understood through five phases.

Purchasing 162

Purchasing Procurement Project management Risk management 162

ProcurePort

MAY 10, 2023

• Improved Cost Efficiency: Strategic sourcing software enables businesses to analyze and optimize their procurement processes, resulting in significant cost reductions and improved supplier negotiation outcomes.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supplier negotiation 130

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business environment, procurement plays a crucial role in determining a company's efficiency, cost-effectiveness, and competitive edge. A significant driver of this evolution has been the integration of advanced technologies into procurement processes. Types of Technology Transforming Procurement 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business environment, procurement plays a crucial role in determining a company's efficiency, cost-effectiveness, and competitive edge. A significant driver of this evolution has been the integration of advanced technologies into procurement processes. Types of Technology Transforming Procurement 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

Procurement Freelancers

AUGUST 25, 2023

The landscape of organizations is constantly evolving, underscoring the significance of risk management. As international… The post The Importance of Supplier Audits in Risk Management first appeared on Procurement Blog | Procurement & Supply Chain News.

Risk management 98

Risk management Import Risk Suppliers 98

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Freelancers

JUNE 17, 2023

A company’s risk management plan must include supplier risk management (SRM). Direct procurement entails working… The post Supplier Risk Management With Supplier Auditors first appeared on Procurement Blog | Procurement & Supply Chain News.

Risk management 96

Risk management Suppliers Risk Management 96

ProcurePort

JULY 7, 2021

Are you thinking of developing a new sourcing risk management plan? Wondering how to better mitigate supply chain risk when sourcing? Or just keen to explore some of the best risk management practices Chief Procurement Officers (CPOs) can adopt? Keep reading, that’s what we’re going to talk about in this blog.

Chief Procurement Officer 130

Chief Procurement Officer Risk Sourcing Supply chain 130

ProcurePort

MAY 5, 2022

• What is procurement strategy? Procurement is a hinge operation in most organizations. Done right, it greatly facilitates cost mitigation, improves risk and supply chain management, and expedites sourcing. • In order to tap into all the benefits of procurement, however, it’s imperative to have a good procurement strategy. •

Procurement strategies 130

Procurement strategies Strategy Procurement Supply chain management 130

Procurement Tactics

JULY 21, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. This limits personal liability and risk. Why LLCs Make Sense for Dropshippers?

Negotiation 177

Negotiation Procurement strategies Sustainability Procurement 177

ProcurePort

SEPTEMBER 21, 2022

Measuring performance and determining vendor-related risks are critical parts of any […]. The post What is Procurement Vendor Management Process appeared first on ProcurePort Blog.

Vendor management 130

Vendor management Management Procurement Negotiation 130

Procurement Heads

FEBRUARY 9, 2023

The same questions can be asked of a career in procurement. With advancements in automation and artificial intelligence, many industries are seeing a shift in how work is performed, and procurement is no exception. However, despite these changes, a career in procurement can still be considered future proof for several reasons.

Procurement 130

Procurement Strategic sourcing Strategic sourcing supply chain budgeting 130

ProcurePort

APRIL 28, 2022

. • Vendor management activities involve cost management, risk management, contract negotiations, and performance evaluation. • The post What is Vendor Management in Procurement? appeared first on ProcurePort Blog.

Vendor management 130

Vendor management Management Procurement Risk management 130

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Price 264

Price Strategy Sourcing Real-time Visibility 264

ProcurePort

SEPTEMBER 2, 2021

Procurement is long overdue for a major upgrade in many pharmaceutical companies. The Covid-19 pandemic extends a unique opportunity and poses an urgent need of ensuring that the procurement process in the pharma industry can optimize risks and maximize costs more efficiently.

Procurement 130

Procurement Sustainability Risk 130

Procurement Leaders

JANUARY 16, 2023

But they all come, to me, under the category of risk. ” Stoup spoke to Tim Burt, community advisor at Procurement Leaders, to discuss the current environment, and the factor she considers to be most important during turbulent times – people. Leaders across the enterprise now recognise procurement’s value.

Risk 246

Risk Management Risk management Strategic planning 246

ProcurePort

APRIL 14, 2022

• In procurement circles, a company is likely to have multiple contracts with suppliers. The post 4 Contract Risk Management Tools To Protect Your Organization appeared first on ProcurePort Blog. The post 4 Contract Risk Management Tools To Protect Your Organization appeared first on ProcurePort Blog.

Risk management 130

Risk management Contract Risk Management 130

World of Procurement blog

APRIL 23, 2024

One critical area that often comes under scrutiny is the procurement process. Procurement isn't just about purchasing goods and services; it's a strategic function that if executed well, can significantly contribute to a company's competitive advantage. Develop Your Approach: Choose your procurement methods based on analysis.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

One critical area that often comes under scrutiny is the procurement process. Procurement isn't just about purchasing goods and services; it's a strategic function that if executed well, can significantly contribute to a company's competitive advantage. Develop Your Approach: Choose your procurement methods based on analysis.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

ProcurePort

APRIL 2, 2020

We all know that the procurement business can be tough, and one of the toughest parts of it is recognizing the biggest security risks in contract management. Vendor contracts are a top priority for anyone in procurement. The trick is to avoid contract management security risks while providing the necessary level of transparency.

Contract management 130

Contract management Contract Risk Management 130

ProcurePort

JUNE 16, 2021

Procurement teams are always on the lookout for ways to reduce source-to-pay timeframes, maximize value, mitigate sourcing risk, and efficiently manage to spend. The post How to Improve Your Procurement with Category Profile Sourcing appeared first on ProcurePort Blog.

Sourcing 130

Sourcing Procurement Procurement team Risk 130

Procurement Insights

DECEMBER 15, 2023

As one of the first procurement industry bloggers, if you told me on May 18th, 2007, that in December 2023, I would still be penning my thoughts on the Procurement Insights blog, I probably would not have believed you. Here Here is the link to my very first post: Welcome to Procurement Insights. The Top 3 Posts Ref.

Supply chain 73

Supply chain Procurement Purchasing Risk 73

Procurement Leaders

MARCH 25, 2024

Question: What’s driving your thinking when it comes to the rollout of artificial intelligence in procurement? Or – whisper it quietly – the risks you face from not thinking about it at all? Or – whisper it quietly – the risks you face from not thinking about it at all? How about the insights that might be available?

Supply Chain Efficiency 189

Supply Chain Efficiency Procurement Data Strategy 189

Procurement Heads

FEBRUARY 20, 2023

The top of the agenda for procurement is to deliver decarbonisation, particularly through Scope 2 emissions (indirect from purchased energy) and Scope 3 emissions (indirect from purchased materials and services). It is rightly argued that Scope 2 and 3 emissions should be controlled and targeted by procurement functions within organisations.

Procurement 130

Procurement Category management Supply chain Purchasing 130

ivalua

AUGUST 21, 2022

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.

Procurement strategies 240

Procurement strategies Sustainability Strategy e2e 240

Procurement Leaders

FEBRUARY 6, 2024

It can be draining just reading about the chaos brought about by global risks that continue to hit the headlines; from Houthi Rebel strikes in the Red Sea to ongoing speculation about Chinese intentions towards Taiwan, to the potential fallout from “the year of elections”.

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Suppliers Contract 130

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

A well-defined procurement strategy is the key to optimizing your procurement process. This strategy builds strategic partnerships, mitigates risks, and ensures a smooth flow of goods and services. This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

ProcurePort

SEPTEMBER 22, 2020

Procurement departments deal with some of the most sensitive information that […]. The post What Kind of Vendor Risk Management System Do You Have in Place? appeared first on ProcurePort Blog.

Risk management 130

Risk management Risk Management Data 130