Spend Matters

FEBRUARY 13, 2023

Here’s why Everstream Analytics matters: To the market — Everstream Analytics’ AI-powered digital twin technology provides a deep and granular risk-monitoring solution that stands out from competitors for its proprietary technology and amount of historical and new data. Read more. )

Risk management 68

Risk management Supply Chain Optimization Risk Supply chain 68

Procurement Leaders

DECEMBER 9, 2022

LG: We are a team of 75 buyers globally, with 30 people in a central service centre. For example, before becoming a machinery buyer, a candidate must spend a significant period of time in the technical team. Our challenges are linked to digitalisation, risk management and inflation. Why are they so important?

Risk 130

Risk Suppliers Risk management Buyers 130

Spend Matters

MAY 10, 2023

Categories: Procurement Systems & Architecture , risk-compliance-management Tags: PRO In this Spend Matters PRO Vendor Analysis we provide an overview of ProcessUnity and its solution for third-party risk management. Supplier risk intelligence vendors, such as ProcessUnity, cater to this need.

Risk management 63

Risk management Risk Management Suppliers 63

Procurement Leaders

MARCH 10, 2023

With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three. For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function.

Collaboration 147

Collaboration Supply chain Management Risk management 147

ivalua

JULY 13, 2022

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. The amount of data associated with these initiatives can be exponential, a burden too heavy to manage manually. ESG Objectives for Buyers.

Sustainability 130

Sustainability Buyers Suppliers Procurement 130

The Procuretech Podcast

OCTOBER 12, 2021

Hot Digital Procurement and Supply Chain Startups in the ESG and Risk Management Space. On this episode, we’re looking at startups whose mission is solving problems in the rapidly growing and increasingly important ESG and Risk Management area. One part of this conundrum is actually looking at where to source goods from.

Risk management 40

Risk management Risk Supply Chain Efficiency Management 40

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Procurement technology can also help businesses improve supplier relationships and enhance communication between buyers and suppliers.

Supply chain resilience 242

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

Procurement Heads

FEBRUARY 22, 2023

For example, I have chartered aircraft to transport helicopters, equipped a workshop with tooling to build an armoured truck and sourced ventilators for the Zurich Foundation during the pandemic – which were donated to a clinic in India that was really struggling.

Sustainability 246

Sustainability Influencing Suppliers Procurement 246

Procurement Leaders

APRIL 6, 2023

So one of the things that it’s allowing is more proactiveness, where in the past we probably would be more reactive to certain challenges or disruptions that we face, now, we try to anticipate potential changes through a sourcing governance committee.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 130

HICX

FEBRUARY 9, 2023

They joined us to talk about the rapidly changing ways in which procurement technologies are being sourced, from agile tech sourcing through to the rise of the procurement garage, incubators and accelerators. If you’re going to do risk management, you can’t just buy one tool and call it a day.

Sourcing 52

Sourcing Procurement Suppliers Import 52

Spend Matters

AUGUST 16, 2023

Growing concerns over geopolitical risks and supply shortages are raising the expectations for supplier risk management. At its core, the self-governed and AI-enabled commerce experience offers companies a way to source more efficiently and cost effectively, reduces risks and boosts diversity and sustainability.

Procurement 80

Procurement Procurement team Buyers Risk 80

Procurement Insights

NOVEMBER 23, 2023

Survey results indicate that many core supplier management functions, including risk management, relationship management, performance management, innovation management, and CSR/Sustainability management, are still supported by generic applications such as Excel, SharePoint, and Teams or by no system at all.

Suppliers 72

Suppliers Buyers Risk management Supply Chain Optimization 72

Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Risk Management Through Commodity Trading, producers and consumers can be exposed to the price volatility of commodities.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Procurement Express

MARCH 11, 2022

On the other hand, some fixed-price contracts are designed to protect the seller from inflation and provide the buyer with a clear heads-up of increased costs after some time. Cost -reimbursable contract : This contract requires the buyer to reimburse the suppliers’ expenses in carrying out the works, plus an additional fee.

Risk 52

Risk Supply Chain Efficiency Buyers Contract 52

Empowering CPO

FEBRUARY 20, 2023

Negotiation is one of the key steps during any Strategic Sourcing process. Procurement organizations and sourcing companies adopt different methods to negotiate prices with vendors. The Lot total should represent the Total Cost of Ownership for the buyer and should include all factors so as to ensure an apple-to-apple comparison.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52

Zycus Cognitive Procurement

SEPTEMBER 13, 2022

Recent technological developments, political relations, strict compliance mandates, and uncertain times have resulted in what Bernard talks about changing roles of buyers and suppliers in this VUCA world. Changing Roles of Buyers. This was the first significant change in the buyers’ role. Responsible Sourcing.

Procurement 52

Procurement Buyers Leadership Agile and Lean Supply Chain 52

The Procuretech Podcast

JUNE 28, 2022

I’m talking to Dr. Wolfgang Schnellbächer from BCG, the author of a new book fresh off the presses - Profit from the Source: Transforming Your Business by Putting Suppliers at the Core. . Sales or sourcing? He’s always thinking in terms of profit from the source, and it’s paid off for them. And this supported the mandate.

Sourcing 52

Sourcing supply chain budgeting supply chain software solutions Supply Chain Efficiency 52

Skill Dynamics

OCTOBER 19, 2023

Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence. The disadvantage of this sourcing strategy is risk concentration.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Spend Matters

FEBRUARY 19, 2024

Companies need to grasp the many dimensions of ‘risk’ to understand their exposure and increase their risk awareness (and resilience) by embedding risk in critical decision-making processes. Kodiak Hub helps companies address such challenges.

Risk 96

Risk Suppliers Supplier relationship management Sustainability 96

Procurement Software

MAY 14, 2024

Enhanced Efficiency and Visibility: By adopting process orchestration tools and platforms, businesses gain real-time insights and control over their procurement activities, facilitating quicker decision-making and improved risk management. You can now relieve your Buyers of their overflowing inboxes or voice messages.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

ivalua

JANUARY 30, 2023

Scope 3 emissions are the largest source of greenhouse gas (GHG) emissions for an organization–extracted from a wide range of activities–including purchased goods and services, waste disposal, capital goods, and business travel. Ensure emission data is readily accessible across the source-to-pay process. POs, and invoices).

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

Scope 3 emissions are the largest source of greenhouse gas (GHG) emissions for an organization–extracted from a wide range of activities–including purchased goods and services, waste disposal, capital goods, and business travel. Ensure emission data is readily accessible across the source-to-pay process. POs, and invoices).

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? Demand planning capabilities.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

ivalua

MAY 18, 2022

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers. Effectively managing suppliers is now one of the most important factors in organizational success.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

Spend Matters

JANUARY 11, 2023

And, because it built a flexible solution that captures and analyzes a vast amount of sources in many languages, the solution can be used to monitor any topic, not just companies. In addition, its rich API can make it a valuable add-on to procurement solutions that execute other processes. to provide outside-in and contextual insights.

Risk 66

Risk Data Category management Risk management 66

Procurement Software

MARCH 5, 2024

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. FRDM FRDM is a software company specialising in supply chain risk management.

Real-time Visibility 52

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

Spend Matters

JUNE 19, 2023

Why buy an SxM with Enhanced Risk solution Despite that there is no single ‘supply risk management’ solution market (i.e., Supplier information management The ability to manage (collect, enrich, validate) supplier-related information to make it a source of truth that informs other processes and solutions.

Risk 64

Risk Risk management Suppliers Supply Chain Optimization 64

Spend Matters

JULY 21, 2022

It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). To potential buyers — Procurence has strong direct materials supplier (quality) management. Poland-based Procurence is one such provider.

Market analysis 65

Market analysis Procurement Quality management Supply Chain Optimization 65

Skill Dynamics

OCTOBER 19, 2023

Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract. A crucial part of successful procurement strategies is the art and science of negotiation.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Procurement Software

MAY 9, 2022

Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions. Increased Negotiation Power.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions. Increased Negotiation Power.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

ivalua

AUGUST 5, 2020

The AP journey starts even before the Supplier Invoice is received, and before the Supplier’s billing team generates the invoice, it begins with the Buyer’s Order. This could be a delivery note, time sheet, receipt or an acknowledgement from the Buyer. Improves efficiency by allowing the Supplier to flag the buyer.

Budget 130

Budget Buyers Collaboration Purchase orders 130

SCMDOJO

MARCH 19, 2024

Risk Management The department can proactively identify and address potential risks in the supply chain, such as material shortages, natural disasters, or political instability. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Grab yours now!

Supply Chain Optimization 77

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 77

Procurement Software

JUNE 13, 2023

All of these, as far as our research shows, are agnostic when it comes to the type of spend which can be sourced through the platforms. Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites. It enables users to allocate, manage and monitor budgets.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Pipefy

JANUARY 30, 2024

That’s where procurement, sourcing, and purchasing technology comes in. It also simplifies how they communicate with buyers, accounts payable, update records, submit invoices, and track payments. Compliance and risk management tools can solve these problems and more.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. There are many supply chain management lessons to learn from the Covid-19 crisis. Financial, etc.).

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173