Spend Matters

FEBRUARY 10, 2025

Going all the way back to the philosopher Heraclitus, the only constant has been change, a fact that has only intensified in recent years with global events and technological innovations. We look at How to work through change: the importance of change management. This content is for members only.

Procurement 73

Procurement Change management Influencing Innovation 73

Spend Matters

APRIL 30, 2025

Step 2: Aligning the organization People, roles and change management AP automation does not simply change how invoices and payments are processed. It changes how teams work together across finance, procurement and IT.

Collaboration 100

Collaboration Suppliers Data Procurement 100

Una

OCTOBER 31, 2023

Change Management Tips for Procurement Professionals Practical change management tips for overcoming resistance from stakeholders and getting your procurement changes to stick for good. Change management tips for procurement To fear change is human.

Change management 52

Change management Management Procurement Leadership 52

Spend Matters

APRIL 15, 2025

Despite the positive impacts of new technological opportunities, procurement leaders have cited difficulty maintaining data cleanliness, strict budgets, change management with stakeholders, and aging technology as the main barriers to implementation.

Real-time Visibility 73

Real-time Visibility Procurement e2e Supply Chain Efficiency 73

Pipefy

MAY 21, 2024

Effective change management is a core requirement for modern businesses, especially those undergoing software upgrades and digital transformation. A change management project that includes leadership and key stakeholders is an effective vehicle to obtain the engagement and buy-in needed to implement lasting change.

Change management 52

Change management Management Innovation Project management 52

Spend Matters

OCTOBER 11, 2022

Procurement has become a multi-functional hub for supplier discovery, contracting processes and third-party risk management — the integral guide to the opportunities and risks of global supply markets. Rather, it’s a different kind of platform entirely — one captured by the concept of an “Alt Suite.” Read more. ).

Procurement 98

Procurement Category management Procurement team Risk management 98

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

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?

supply chain budgeting 221

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

The Procuretech Podcast

JULY 25, 2023

In this episode of the Procuretech Podcast, host James Meads is joined once more by Ward Karson, Chief Operating Officer of Raindrop – an enterprise spend management suite based in California. Today they discuss the pros and cons of tackling supplier risk management from within an S2P Suite. Introducing Raindrop.

Risk management 40

Risk management Risk Suppliers Management 40

ivalua

OCTOBER 27, 2020

The comprehensive project spanned Supplier Information, Risk, & Performance Management, eSourcing, Contract Management, Catalog management, Spend Analysis, Savings Tracking, Category Management & overall change management.

Supply Chain Efficiency 26

Supply Chain Efficiency Chief Procurement Officer Procurement Networking 26

Procurement Heads

APRIL 26, 2023

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 believe procurement’s focus will still be to protect margin, limit cost escalation and supply disruption, and provide proactive risk management solutions.

Agile and Lean Supply Chain 130

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

Procurement Heads

APRIL 26, 2023

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 believe procurement’s focus will still be to protect margin, limit cost escalation and supply disruption, and provide proactive risk management solutions.

Agile and Lean Supply Chain 130

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

ivalua

JUNE 16, 2021

What’s more, PwC found that the average investment in risk management among MENA companies was $1.5 To digitally transform successfully, MENA procurement teams will need to invest in process redesign and change management, and take steps to involve internal stakeholders early on.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Procurement Insights

APRIL 29, 2025

The difference is driven by better alignment, risk management, and user adoption, making cross-functional teamwork the single most important predictor of successful digital procurement transformation. 10-20% cost savings, 30% faster cycles) outweigh perceived risks, especially with vendor assurances.

Procurement 52

Procurement Collaboration Risk Leadership 52

Spend Matters

FEBRUARY 25, 2025

The overlooked facets of digital Harvard Business Review wrote in What Everyone Gets Wrong About Change Management that Executives increasingly use the term transformation as shorthand for digital transformation. Our analyst writes that a few simple and pragmatic approaches can make the difference between success and failure.

Real-time Visibility 116

Real-time Visibility e2e Procurement Negotiation 116

Spend Matters

MARCH 18, 2024

Day one — which Spend Matters did not attend as it was for customers and partners only — consisted of solution-focused sessions covering various topics: AI and generative AI, risk management, external workforce management, etc.

Procurement 119

Procurement Raw materials Sustainability Risk 119

Let's Talk Supply Chain

AUGUST 14, 2023

13.48] A closer look at the Osa platform, and the different ways that customers can engage with it. [15.18] From data-driven decision-making to risk management, how Osa are using AI to deliver big benefits for their clients. 11.53] The ideal client for Osa. 23.12] What onboarding and integration looks like with Osa.

supply chain software solutions 98

supply chain software solutions supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 98

Supply Chain Game Changer

OCTOBER 28, 2021

Change requires Change Management. Change can be an uphill battle. As Woodrow Wilson once said, “If you want to make enemies, try to change something”. Change is uncomfortable, uneasy, and — often — applied, not chosen. Maybe existing strategies and processes need to shift before you can adopt new processes.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Procurement Insights

OCTOBER 1, 2024

Leadership effectiveness is influenced by the CPO’s ability to manage digital transformation, supplier relationships, and risk management in a fast-evolving procurement landscape. What percentage of failed ProcureTech initiatives are the fault of the CPO?

Leadership 59

Leadership Chief Procurement Officer Influencing Risk management 59

Una

MARCH 16, 2023

Other reasons include risk reduction , creating a cost-conscious culture, and more effective change management when implementing new procurement processes, technologies, and strategic initiatives. To really grow influence in the organization, the function will need to generate some eye-catching wins.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Barkers Procurement

MAY 17, 2024

The Barkers methodology, which incorporates key enablers such as supplier enablement and change management, alongside robust project management skills, was structured to ensure that all areas of the project were progressed and implemented in a controlled and measured way.

Project management 52

Project management Change management Budget Risk management 52

TYA Suite

JANUARY 27, 2025

Effective training and change management are critical for the successful adoption of a procurement management software. To handle any opposition and guarantee a seamless transition, change management techniques should be put into practice.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

Supply Chain Trend

SEPTEMBER 22, 2024

.” “The future of IBP will see a symbiotic relationship between humans and technology , where automation supports operational decisions, while human leaders focus on strategy, innovation, and risk management.” My second, and more important observation, is that cultural change management has a new AI addition.

Leadership 60

Leadership Collaboration Change management Innovation 60

Procurement Insights

APRIL 9, 2025

Predictive Risk Mitigation Challenge : Reactive risk management leads to costly supply chain failures. Agent-Based Solution : AI agents analyze historical and real-time data to predict risks (e.g., Impact : Eliminates miscommunication and delays, improving stakeholder satisfaction and implementation success.

Supply Chain Efficiency 52

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

Let's Talk Supply Chain

NOVEMBER 9, 2023

 Last week on episode three of our WiseTech Global mini-series, we tackled one of supply chains most difficult, yet most important, topics – risk. One of the many lessons that the pandemic taught us was the importance of ensuring that robust risk management is incorporated into our supply chain strategies.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Change management 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. Inventory Management : Understanding and controlling inventory levels for optimal business performance.

Procurement 52

Procurement Ethics 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. Inventory Management : Understanding and controlling inventory levels for optimal business performance.

Procurement 52

Procurement Ethics Supplier relationship management Market knowledge 52

Supply Chain Trend

SEPTEMBER 21, 2024

.” “The future of IBP will see a symbiotic relationship between humans and technology , where automation supports operational decisions, while human leaders focus on strategy, innovation, and risk management.” My second, and more important observation, is that cultural change management has a new AI addition.

Leadership 60

Leadership Collaboration Change management Innovation 60

Supply Chain Game Changer

APRIL 1, 2022

On the same note, the many transactions often limit risk management among the suppliers. With such a scenario, if risks are not effectively handled, they will start posing threats to the enterprise.

Supply Chain Efficiency 128

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 128

Una

AUGUST 21, 2023

Risk management Consider the human influence on risk management. Address potential risks linked to supplier relationships, new management goals, or spend mavericks. As any change manager will tell you, getting people on board with your change is 99% of the job.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Barkers Procurement

OCTOBER 9, 2023

The Barkers team were well versed in delivering and managing complex system changes within a multi-faceted business that had heavy levels of Regulatory scrutiny. Overarching change management and project management service wrap. The Requisition Approval Cycle time was also cut dramatically to just 3 days.

Real-time Visibility 52

Real-time Visibility Project management Change management Risk management 52

World of Procurement blog

MAY 23, 2024

Companies need to properly communicate changes, manage inventory and contracts, and develop contingency plans to ensure a smooth transition. Communicating Changes Clear and timely communication is essential when transitioning suppliers. As such, effective change management is critical for adoption and long-term success.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

TYA Suite

SEPTEMBER 25, 2024

However, the is fraught with risks that can impact a company’s bottom line and operational efficiency. Effective procurement risk management is essential to ensure smooth operations and safeguard the organization’s interests. Understanding these risks is the first step toward effective procurement risk management.

Risk 40

Risk Strategy Procurement Supply Chain Efficiency 40

Jaggaer

APRIL 9, 2025

Advances in machine learning and automation are making supplier management even more efficient and proactive. One key area where AI is making an impact is supplier performance and risk management. You need people with the right skills and the adoption of AI presents change management issues.

Strategy 52

Strategy Supply Chain Optimization Supply Chain Efficiency Quality 52

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

Many top-class Supply Chain Operations have the following components: Dynamic Culture : A culture that is open to innovation, candor, risk-taking, and carefully managed for diversity and change management. How to Benefit and Reduce Cost by Improving Your Risk & Disruption Processes. Procurement Risk Management.

Agile and Lean Supply Chain 52

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

SCMDOJO

JULY 24, 2023

Invest in systems that provide real-time tracking, inventory management, and performance monitoring. Risk Management: Managing risks such as disruptions in the supply chain, regulatory compliance, and security threats requires a proactive approach.

Contract 98

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 98