CPO Rising

AUGUST 25, 2023

Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team.

Category management 52

Category management Procurement team Management Strategy 52

Spend Matters

APRIL 4, 2024

As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management. Each article gives an overview of the technology’s relevant capabilities, how GenAI is used and a high-level market outline that is informed by our recently conducted vendor survey.

Procurement 81

Procurement Risk management Raw materials supply chain software solutions 81

World of Procurement blog

APRIL 23, 2024

Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers. Contract Management : Navigating, drafting, and managing contracts with vendors.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers. Contract Management : Navigating, drafting, and managing contracts with vendors.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

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. is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and category management.

Supply chain resilience 242

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

Spend Matters

MARCH 20, 2024

The examples represent the following segments: AP Automation/Invoice-to-Pay, Carbon Management, Contract Lifecycle Management, E-Procurement, Procure-to-Pay (P2P), Source-to-Contract (S2C), Source-to-Pay (S2P), Sourcing, Spend and Procurement Analytics, Supplier Management (SxM) and Supplier/Third-party Risk Management.

Procurement 96

Procurement Contract Sourcing Category management 96

ivalua

JANUARY 30, 2023

Understanding, managing, and reducing Scope 3 emissions is an essential part of any reduction objective or net-zero goal established by corporate boards and executives. You need emission data that will allow category managers and buyers to report emissions tied to their organization’s purchasing activity at a category or product level.

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

Understanding, managing, and reducing Scope 3 emissions is an essential part of any reduction objective or net-zero goal established by corporate boards and executives. You need emission data that will allow category managers and buyers to report emissions tied to their organization’s purchasing activity at a category or product level.

Procurement 130

Procurement Category management Suppliers Data 130

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.

Category management 78

Category management Management Supplier relationship management supply chain software solutions 78

Spend Matters

OCTOBER 11, 2022

Categories: Category Management , Managed Services , Sponsored Article Tags: Sponsored Article Gone are the days when procurement’s agenda could be contained to a small set of self-selected priorities. Rather, it’s a different kind of platform entirely — one captured by the concept of an “Alt Suite.” Read more. ).

Procurement 74

Procurement Category management Procurement team Risk management 74

Spend Matters

JANUARY 5, 2024

Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts. Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts. Read part 1 here , part 2 here and part 3 here.

e2e 75

e2e Procurement supply chain software solutions Contract 75

SCMDOJO

JUNE 6, 2024

Career Advancement: The track is designed to prepare individuals for junior and middle management roles in procurement, providing a clear path for career progression. Enroll in Procurement Management Track What is Included in the Procurement Management Track? Gain a solid foundation to excel in any procurement role.

Procurement 82

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 82

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Leaders

MARCH 22, 2023

We’ve invested resources in specialist risk-management capability – which is a legacy of Covid, when we realised we needed a more systematic approach to mitigation planning. Finally, our transactional efficiency programme has been boosted by the appointment of a manager with a passion for automation and systems-thinking capability.

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Supply chain Suppliers 130

ivalua

MAY 1, 2020

Others may still be applied to help businesses better manage the effects of the crisis. And to maximize the impact of these and other objectives, Procurement needs to be managing all spend and all suppliers. Spend under management is key. For proactively monitored contracts for risk, 94% vs. 16%.

Supply chain management 130

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 130

Procurement Heads

APRIL 26, 2023

We manage billions of dollars worth of spend. In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers. I think you need to have passion and be highly capable in change management.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

We manage billions of dollars worth of spend. In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers. I think you need to have passion and be highly capable in change management.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Spend Matters

JANUARY 25, 2024

In fact, I think procurement’s remit will continue to evolve to lead broader supply chain risk management, given the growing variety and number of risks faced such as geopolitical tensions, sustainability expectations, the need for more diverse sources of supply, and lingering labor availability concerns.

Procurement solutions 69

Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 69

Spend Matters

JANUARY 11, 2023

The solution’s flexibility extends to other use cases like category management and innovation which benefit from capturing relevant news and information, thus setting Owlin apart from other SxM/Risk Management solutions.

Risk 68

Risk Data Category management Risk management 68

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 81

Procurement solutions Procurement e2e Real-time Visibility 81

Supply Chain Game Changer

OCTOBER 28, 2021

Change requires Change Management. Change must be managed. After creating — in essence — the bible for strategic sourcing and category management, Carlsson dedicated the entirety of the last two chapters to speak about change management and change as a function for reaching goals and building organizational value.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

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

Spend Matters

JULY 24, 2023

So while this year’s report places a lot of emphasis on operating model set-up and talent management, we wish to highlight the ‘Digitization’ section because Procurement has a clear imperative to build agility and resilience into supply chains. Category management is the core engine for scaling processes.

supply chain budgeting 73

supply chain budgeting Budget Agile and Lean Supply Chain Risk 73

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

ivalua

JUNE 1, 2022

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. Having a platform in place that offers a robust supplier management solution can help organizations ensure they have options.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

APRIL 13, 2021

Digitize to enable effective collaboration across more suppliers and categories. Efficient communication, the ability to securely share information and project manage efforts are all key to scaling collaboration across more processes, suppliers & categories. Manage categories like a financial portfolio.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Collaboration 130

Procurement Software

MARCH 19, 2024

Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. Through increased automation, generative AI will also bring more spend under management through tendering previously non-addressed spend.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Procurement Software

MAY 14, 2024

Intake and procurement process orchestration is all about managing stakeholders as they navigate through the procurement process. Not only that, it offers streamlined operations and risk management, crucial for optimising cost savings and enhancing performance. What is procurement intake?

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Spend Matters

JANUARY 9, 2024

This might be for small use cases like replacing Google when we have a question or more advanced cases like supporting category managers in the buying process. We’ve embedded AI into strategic areas of procurement such as risk management, due to the sheer amount of value it can deliver.

Procurement 76

Procurement Buying process Suppliers Category management 76

Arkestro

APRIL 25, 2023

On top of these challenges, construction companies are tasked with complex supplier management , where procurement professionals must closely monitor risk, supply quality, and supplier performance. The bigger the project, the greater the need for collaboration, communication, and streamlined supplier management.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

ivalua

MARCH 16, 2021

They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supply chain management activities that can help Procurement teams build and maintain supply chain resilience now and in the years to come. In fact, they experienced just two weeks of disruption before they were up and running.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Procurement Heads

DECEMBER 15, 2022

I took a job at Digital, which became Compaq and Hewlett Packard, in the supply chain team, managing the inventory for the organisation. They gave me a really good insight as Group Procurement Manager into the healthcare industry for the next four years managing everything a hospital buys. I originally got into it by accident.

Sustainability 130

Sustainability Supplier relationship management Contract management Procurement 130

Procurement Heads

JULY 12, 2023

So as I said, as well as hopefully demonstrating some level of capability, a key element really comes down to luck and timing that opportunities came up and I have managed to click with the relevant leadership. As a result, how we manage those suppliers, the role of procurement and how procurement manages that ecosystem also needs to evolve.

Leadership 130

Leadership Risk Suppliers Collaboration 130