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The future of AI-enhanced third-party management

Spend Matters

Compliance and risk management is a growing and interesting use case of GenAI for procurement, finance and, of course, legal operations. Its uptake is only going to grow as organizations begin to rely on its power to tackle big business issues, such as third-party risk management (TPRM).

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Supplier Relationship Management Software — Everything You Should Know

Procurement Tactics

Additionally, it helps companies to streamline supplier selection, supplier onboarding, supplier performance assessment, supplier document management, and other important supplier-related processes. ProcureWare is an e-procurement system that offers sourcing, contract management, and supplier management functionalities.

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Q4 2023 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 15 vendors

Spend Matters

Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts. Gatekeeper combines contract lifecycle management with third-party risk management, two areas that are related but usually addressed with disparate software tools.

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Procurement Tracking – Everything You Should Know

Procurement Tactics

Budget and Cost Control Procurement expenditures, monitoring variations in the cost and identifying opportunities for savings, and avoiding unnecessary costs shall be monitored in accordance with the approved budget. These tools allow for automated, integration to suppliers and visibility in procurement data at any time.

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What Are the Pressures That Procurement Faces In 2024 and Beyond?

Barkers Procurement

Strong wage increases may place firms under pressure to raise their prices for goods and services, which could put more of a squeeze on procurement budgets. Procurement leaders can lead functions to mitigate issues through: Identifying vulnerabilities with a full 360 risk assessment and enhanced transparency. in December 2023.

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What Are the Pressures That Procurement Faces In 2024 and Beyond?

Barkers Procurement

Strong wage increases may place firms under pressure to raise their prices for goods and services, which could put more of a squeeze on procurement budgets. Procurement leaders can lead functions to mitigate issues through: Identifying vulnerabilities with a full 360 risk assessment and enhanced transparency. in December 2023.

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The Dirty Little Secrets in Procurement!

Supply Chain Game Changer

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases. Dirty Little Secret #1.