ivalua

JANUARY 30, 2023

The answer is simple- suppliers and spend. Key Steps to Get Started As Procurement professionals, you play a crucial role in reducing Scope 3 emissions–first by understanding emissions, and then, collaborating with your suppliers. It will also ensure that supplier profiles are enriched with sustainability data.

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

The answer is simple- suppliers and spend. Key Steps to Get Started As procurement professionals, you play a crucial role in reducing Scope 3 emissions–first by understanding emissions, and then, collaborating with your suppliers. It will also ensure that supplier profiles are enriched with sustainability data.

Procurement 130

Procurement Category management Suppliers Data 130

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 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

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

Spend Matters

JANUARY 5, 2024

Gatekeeper combines contract lifecycle management with third-party risk management, two areas that are related but usually addressed with disparate software tools. Spend Analytics AnyData Solutions is used for spend analytics, contract management, supplier relationship management and ESG/performance tracking.

e2e 75

e2e Procurement supply chain software solutions Contract 75

Procurement Heads

FEBRUARY 22, 2023

The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. We can influence our stakeholders in our respective companies to make better or more informed decisions and we can also influence suppliers in the way that we engage with them.

Sustainability 246

Sustainability Influencing Suppliers Procurement 246

Procurement Tactics

OCTOBER 13, 2022

Additionally, it assesses the suppliers of the company to find the best supplier in the market and collaborate effectively which will enable them to establish a long-term relationship. What is a Strategic Sourcing Manager? A strategic sourcing manager is often confused with a procurement manager. Risk management.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

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.

Procurement 74

Procurement Category management Procurement team Risk management 74

ivalua

JUNE 1, 2022

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Be proactive to mitigate supply chain risk by understanding your suppliers.

Supply chain resilience 130

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

Procurement Heads

APRIL 26, 2023

Inflation has been a challenge: we’ve had to negotiate supplier requests to increase cost. In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers.

Agile and Lean Supply Chain 130

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

Procurement Heads

APRIL 26, 2023

Inflation has been a challenge: we’ve had to negotiate supplier requests to increase cost. In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers.

Agile and Lean Supply Chain 130

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

ivalua

APRIL 13, 2021

Unlocking Supplier-Led Innovation. Supplier-led innovation can help increase margins, accelerate time to market and differentiate products/services to capture market share. Even in indirect purchasing, giving suppliers more flexibility in how they meet requirements can increase savings and sustainability.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Collaboration 130

Spend Matters

JANUARY 11, 2023

Categories: Analytics , Supply Risk Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Owlin, a risk and intelligence solution built to help customers monitor what is being said and published about them, their suppliers and, in fact, any topic, e.g., customers, competitors or commodities.

Risk 68

Risk Data Category management Risk management 68

SCMDOJO

JUNE 6, 2024

Deepen Your Expertise: As you progress, delve into specialized topics like cost optimization, risk management, and supply chain sustainability. Real-World Focus: The content is designed by industry experts with extensive hands-on experience, ensuring the curriculum is relevant and applicable to real-world challenges.

Procurement 82

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 82

Una

NOVEMBER 16, 2022

The centralized procurement team scopes out the project, approaches the market, evaluates suppliers , negotiates a volume discount, and awards the contract to a single supplier. Better communication and relationships with suppliers. Improved supplier risk management. Increased supplier diversity.

Procurement 98

Procurement Purchasing Procurement team Supplier negotiation 98

ivalua

MARCH 16, 2021

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Be proactive to mitigate supply chain risk by understanding your suppliers.

Supply chain resilience 130

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

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. These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

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

The Procuretech Podcast

JULY 8, 2020

They're a company who are facilitating easier access to supplier data to help buyers in their negotiation preparation, as well as more general risk management assessment activities related to sourcing and supplier management. In today's episode, I interview Kent Ledgerwood, VP of Customer Success at LevaData.

Suppliers 40

Suppliers Bill of materials supply chain budgeting Negotiation 40

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

Supply Chain Game Changer

OCTOBER 28, 2021

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. And, only 15% had visibility into tier 2 or beyond.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

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. It can also assist with supplier discovery and due diligence on potential new sources of supply.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Spend Matters

JULY 24, 2023

Happily, nearly all CPOs in the survey understand the power of digitization and cite it as the second most important priority after (unsurprisingly) supplier collaboration. 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 Heads

JANUARY 4, 2023

In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society. We have teams that look after risk and excellence because in financial services we need to demonstrate to our regulators that we have appropriate controls in procurement and supplier management.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Supply Chain Game Changer

JUNE 10, 2020

What is Supplier Relationship Management (SRM)? Going out to eat, in essence, starts with a mini ‘supplier’ evaluation; gathering information, processing information, evaluating your options, and making a (team) buying-decision based upon the data at hand (other diner’s opinions, reviewed performance, accolades, etc.)

Suppliers 56

Suppliers Supplier relationship management Procurement team Supply Chain Efficiency 56

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 Heads

JULY 12, 2023

As a result, how we manage those suppliers, the role of procurement and how procurement manages that ecosystem also needs to evolve. Within that, about 40% of the team was focused 100% on supplier collaboration and risk.  How do you split the Procurement function out?

Leadership 130

Leadership Risk Suppliers Collaboration 130

Positive Purchasing

NOVEMBER 1, 2023

James: I’m not an IT person, but I do understand the digital procurement landscape, though I approach it from a procurement category management background rather than a software development/CTO background. Maybe one of these supplier intelligence portals like a Scoutbee or a TealBook or a HICX?

Procurement 111

Procurement supply chain budgeting Category management Budget 111

Procurement Software

MAY 14, 2024

By embracing a strategic approach to procurement, you can streamline operations, mitigate risks, and foster stronger supplier relationships. 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

Procurement Leaders

JUNE 9, 2022

To reach an expert level, staff are offered the chance to manage on-the-job activities, such as leading a project or managing a major negotiation and encouraged to seek external recognition. Demand management: The ability to set targets and KPIs around levels of demand, aligning the business, and procurement. Advice for others.

Category management 130

Category management Strategy Procurement Innovation 130

ivalua

MAY 1, 2020

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. It requires different skills and knowledge among the staff, supplier relationships, processes and technology. The same applies to suppliers.

Supply chain management 130

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

Empowering CPO

FEBRUARY 20, 2023

Factors affecting the success of a Lotting Strategy When the stakes are high for both buyers and suppliers the Lotting Strategy plays a very critical role in ensuring success and eventually higher savings. This helps to achieve higher strategic sourcing project savings and support category management on an ongoing basis.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 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 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72