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 92

Procurement Raw materials Sustainability Risk 92

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 80

Procurement Category management Procurement team Risk management 80

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

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

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

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

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

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

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

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

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

Zycus Cognitive Procurement

FEBRUARY 2, 2021

Supplier Risk Management. From a risk management and vaccine distribution point of view, the supply chain will continue to be a CXO priority as we step into 2021. From a risk management and vaccine distribution point of view, the supply chain will continue to be a CXO priority as we step into 2021.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Contract management Contract 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

Category management flips this script, emphasizing collaboration and building strong partnerships with key suppliers. This collaborative approach fosters better communication, risk management, and innovation. Business Process Integration: Aligning category management with existing workflows requires careful planning.

Category management 52

Category management Management Procurement Supplier relationship management 52

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. Monitor and Adjust: Once the changes are implemented, monitor the results to ensure they are delivering the expected benefits.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

IBM Supply Chain Blog

JULY 27, 2023

Risk management : Because EAM offers a comprehensive view of all critical assets, it can be an invaluable tool for identifying potential risks, empowering companies to take preemptive steps to avoid accidents and operational disruptions. It also benefits from advanced asset management software, like IBM Maximo.

Real-time Visibility 57

Real-time Visibility Inventory Budget Data 57

Una

JUNE 15, 2023

there are several challenges involved with outsourcing: Transition and change management: Transitioning from an internal procurement team to an outsourced provider requires careful planning, knowledge transfer, and change management to ensure a smooth transition.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

The Procuretech Podcast

APRIL 26, 2022

Their sourcing module goes right through to offer auctions, as well as basic contract management functionality. There are also additional applications covering supplier and risk management, as well as the catalogues and e-procurement functionality associated with the traditional full stack P2P offerings.

Sourcing 52

Sourcing Procurement team supply chain software solutions Procurement 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 93

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 93

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

Jaggaer

OCTOBER 22, 2020

In our poll, webinar participants saw business partnering, supplier innovation and collaboration, and supply chain risk management as their key areas of focus for procurement.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

NOVEMBER 22, 2022

Getting a digital transformation to take hold takes all of that plus bravery, resolve, unrelenting persistence, risk taking, tenacity and courage. At the heart of a Digital Supply Chain transformation is Change Leadership. We do not mean Change Management. Fourth, these leaders must be competent risk managers.

Leadership 52

Leadership Agile and Lean Supply Chain Supply Chain Optimization Supply chain 52

Procurement Software

JANUARY 16, 2024

But they also fail because of lack of talent, lack of budget and lack of effective change management. Why not mix seasoned Procurement Managers with Cross-Functional Moves? Sure, you need category experts, process expertise and folks who are adept at risk management.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

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 Collaboration 26

Una

OCTOBER 9, 2023

Supplier Relationship Management Building and nurturing strong, long-term relationships with suppliers is central to strategic sourcing. Risk Management Strategic sourcing assesses and mitigates risks associated with suppliers, market volatility, and geopolitical factors.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Claritum

MAY 2, 2019

However, Procurement is also driving or a key player in: Environmental impact analysis (risk management). Ethical checks and assurances (risk management). Identification and risk analysis for Global economic factors (trade wars, Government interventions…). Total lifecycle costs / Managing profitability.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Empowering CPO

JUNE 27, 2023

Proactive Risk Management: Digital spend analysis provides enhanced visibility into supplier performance, allowing organizations to identify and mitigate potential risks. By detecting and mitigating risks in real-time, digital spend analysis contributes to stronger governance and risk management practices.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Claritum

JUNE 13, 2019

Cost (value) management. Risk Management. Change management – product/tools/people/organisation. Risk management through buying or reserving natural resources at key times, based on prediction (Intelligence). Corporate Social Responsibility (including Ethical, green and sustainable supply).

Procurement 32

Procurement Supply Chain Efficiency Raw materials supply chain software solutions 32

Supply Chain Game Changer

NOVEMBER 28, 2022

Your strategy should include goals and objectives, a timeline, and a risk management plan. Once you’ve identified your needs, it’s time to create a comprehensive cloud strategy. You’ll also need to define how you’ll migrate your data to the cloud and who will be responsible for what roles in the process.

Supply Chain Efficiency 52

Supply Chain Efficiency Data supply chain software solutions Strategy 52

Supply Chain Game Changer

OCTOBER 5, 2021

The company I was working for had hired a Change Management consultant to help change the company culture and position us for making transformational changes and move beyond our mediocre ways. It goes to show you that you must be prepared for any eventuality.

Strategy 82

Strategy Real-time Visibility Agile and Lean Supply Chain Change management 82

Empowering CPO

JULY 5, 2023

Risk Management: Managed procurement service providers are adept at identifying, assessing, and managing potential risks related to supplier relationships, contracts, and market fluctuations.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Empowering CPO

JUNE 22, 2023

Risk Mitigation: Spend analysis can reveal dependencies on certain suppliers, leading to better risk management and more diversified supplier portfolios. Compliance Monitoring: It can help to ensure that purchasing activities are in line with company policies and regulations, reducing the risk of non-compliance.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Reductions in energy or material consumption. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

The Procuretech Podcast

JUNE 28, 2022

Could he talk us through what a successful change management process looks like, in terms of ‘going bionic’? Looking to risk management and crisis avoidance today, how can companies reduce risk? Bringing increased transparency - risk is wide. You need to have a defined tool box on risks.

Sourcing 52

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

Supply Chain Game Changer

JANUARY 21, 2020

In order to best implement an S2P process, in 2019, a procurement team requires change management, the support of intelligent digital solutions and cross-functional alignment. I do believe S2P is a domain that every sourcing and procurement organization needs to have a handle on. But, what is Source-to-Pay?

Procurement 87

Procurement Supplier relationship management Eprocurement Suppliers 87

Supply Chain Game Changer

APRIL 15, 2020

Sometimes, digitalization requires change management, process shifts, and organizational restructuring. It’s no fluke that 2 of the top 3 prioritized strategies by Procurement Leaders over the next 12 months are focused on risk & CSR (Deloitte 2019). This is why benchmarking is a crucial part of going digital.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

Procurement Software

MARCH 11, 2022

Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Reductions in energy or material consumption. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Supply Chain Game Changer

SEPTEMBER 17, 2019

I call this development the Quantum Leap to the supply chain skills of the future , which includes control tower skills, a focus on data analytics rather than data entry, change leadership skills, technological expertise and more refined risk management skills. © Copyright Mortson Enterprises Inc. All Rights Reserved.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 59