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

Procurement Heads

APRIL 27, 2023

But I think procurement leaders are often particularly skilled in this area; since it is often imperative to bring together different departments and stakeholders, for example, to agree on a specification or select a supplier. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Stakeholder engagement Supply chain 130

Procurement Heads

APRIL 27, 2023

But I think procurement leaders are often particularly skilled in this area; since it is often imperative to bring together different departments and stakeholders, for example, to agree on a specification or select a supplier. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Stakeholder engagement Supply chain 130

Empowering CPO

FEBRUARY 23, 2024

The AI Advantage Predictive Insights: AI algorithms analyze historical data to predict demand patterns, market trends, and supplier performance. Procurement teams can proactively manage inventory, negotiate contracts, and mitigate risks. Supplier Intelligence: AI evaluates supplier profiles, financial stability, and compliance.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Suppliers are an intrinsic part of the Supply Chain. You can not accomplish anything without Suppliers. Yet I have seen, like many of you, Suppliers treated in many different ways. No matter what the circumstances are poor treatment of Suppliers is never appropriate. Supplier Collaboration.

Collaboration 67

Collaboration Suppliers Strategy Negotiation 67

Una

FEBRUARY 1, 2023

Mastering Change Management in Procurement Change management in procurement is an integral part of any sourcing manager’s job. Here are three steps to overcome resistance to change. In the end, the change manager is summoned by the leadership team to explain why so much money was wasted with no result.

Change management 98

Change management Management Procurement Leadership 98

Spend Matters

DECEMBER 15, 2023

2024 will be the year of change management, where enhanced training and upskilling programs will ensure that seasoned procurement experts stay agile in this digitally driven age. You can read our in-depth analysis of Icertis’s solution here.

Procurement solutions 90

Procurement solutions Procurement Agile and Lean Supply Chain Contract 90

Procurement Tactics

JUNE 19, 2023

It enhances supplier relationships, drives innovation, mitigates risks, enables continuous improvement, supports change management, and provides access to industry insights. Encouraging supplier collaboration by using portals and online platforms. Sales and marketing departments are ignored 39% of the time as well.

Procurement 201

Procurement Collaboration Procurement strategies supply chain software solutions 201

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. This is where category management in procurement emerges as a game-changer.

Category management 52

Category management Management Procurement Supplier relationship management 52

Procurement Tactics

APRIL 30, 2023

This is due to the fact that becoming a sustainable business requires extreme changes from what you have in the past. Sustainable transformation necessitates a deep understanding of new technologies, strong engagement with suppliers, and a series of investments needed to improve the procurement process.

Sustainability 158

Sustainability Procurement Procurement strategies Negotiation 158

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. What inspires you as a procurement leader?

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. What inspires you as a procurement leader?

Agile and Lean Supply Chain 130

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

Spend Matters

MARCH 18, 2024

For example, it currently hosts nine GenAI use cases that customers can directly install and use covering, including: Supplier research and creation to help find and gather relevant information on existing or new suppliers and their offerings. Enhanced communications to generate content for mass email communication to suppliers.

Procurement 91

Procurement Raw materials Sustainability Risk 91

Spend Matters

OCTOBER 18, 2023

This year, our analysts identified three solution providers that have proven their potential to be considered best-in-class, one of which is SIM (supplier information management) and SDM (supplier discovery management) specialist Scoutbee. Our discovery solution was incredibly impactful and effective during Covid.

Procurement solutions 95

Procurement solutions Procurement Suppliers Management 95

Procurement Insights

FEBRUARY 1, 2024

Fragmented workflows, scattered supplier information, and lack of full source-to-payment traceability are no longer acceptable. The results reveal some dramatic shakeups from legacy player rankings, suggesting the winds of change are blowing in terms of market leader positioning for enterprise spend management technology.

Sourcing 73

Sourcing e2e Spend management Leadership 73

ivalua

SEPTEMBER 19, 2022

Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. For example, nearly half (43.9%) of CPOs responding to a recent survey by Ardent Partners indicated that they do not know what percent of their suppliers are high risk. Has past performance exceeded a threshold?

Risk management 130

Risk management Supply Chain Efficiency Risk Supply Chain Optimization 130

Una

MAY 18, 2023

Unfortunately, procurement is rife with opportunities for fraud due to our relationships with suppliers and connections with contracts, negotiations, and payments. This can lead to employee/supplier collusion (“kickbacks”), conflicts of interest, inflated invoices, and other types of fraud.

Risk 98

Risk Procurement Bidding Suppliers 98

Procurement Software

APRIL 18, 2023

This ensures they get the best deal possible with their suppliers. These negotiations take place in real time, with all prospective suppliers at once. This involves suppliers competing in sequential bidding. The open bid nature of eAuctions removes this risk for suppliers, therefore removing their need to build in this premium.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Barkers Procurement

OCTOBER 9, 2023

VBG embarked on a company wide transformation programme, which would see the centralisation and digitisation of its (P2P) supplier and expense management processes and systems. Overarching change management and project management service wrap. It is publicly listed on the London Stock Exchange.

Real-time Visibility 52

Real-time Visibility Project management Change management Risk management 52

HICX

JUNE 12, 2023

In this episode of the Supplier Experience Live podcast, we spoke with Yash Rai , Vice President, Procurement and Supply Chain Solutions at The Smart Cube. Supplier risk monitoring The second biggest trend he sees right now is around supplier risk. Yash has over 14 years of experience working in the procurement domain.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supplier relationship management Suppliers Risk 52

Una

AUGUST 21, 2023

Address potential risks linked to supplier relationships, new management goals, or spend mavericks. Change management Whether it’s a completely new strategy or an alteration to an existing one, making a plan in strategic sourcing usually involves change. Understanding cultural nuances enhances collaboration.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

ivalua

MAY 11, 2021

In fact, 54% cite this challenge as a key obstacle to digital solution deployment, along with change management and involvement of internal stakeholders — in other words, the human component of technology implementation. They may also lack visibility into overall spend, spend categories and suppliers. .

Risk management 130

Risk management Risk Supply Chain Efficiency Management 130

ivalua

JUNE 16, 2021

For the short-term, a shift to local production alleviated reliance on Asian suppliers and helped mitigate risk, but a longer-term solution will require identifying opportunities to optimize costs, find alternative suppliers and enhance supply chain visibility. Enter eProcurement.

Eprocurement 130

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

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. Moreover, the bank lacked any collaborative supplier relationship management or sourcing tool.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Zycus Cognitive Procurement

JANUARY 24, 2023

2) Effective risk management should be a priority After the Covid-19 pandemic, enterprises have been firefighting to manage risks and have invested in developing supply chain resilience. Key processes to automate include contract management, vendor management, invoicing, purchase orders, purchase requisitions.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

IBM Supply Chain Blog

APRIL 13, 2023

Consideration 2: Business change management Transformation is often seen as bumpy road rife with costs and business slowdowns. When designed and carried out well, a change management strategy keeps the business engaged and will mitigate the challenges with adopting the RISE framework. It doesn’t have to be that way.

Change management 77

Change management Innovation Vendor management Management 77

Una

APRIL 6, 2023

Benefits realization in procurement Without monitoring contract compliance and supplier performance over time, the monetary and other benefits you worked so hard to secure throughout the supplier negotiation can be seriously eroded.

Procurement 97

Procurement Supplier relationship management Supplier negotiation Contract 97

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 79

Procurement Category management Procurement team Risk management 79

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. The COVID-19 crisis highlighted the need to better understand the end-to-end supplier network and the risks that exist beyond direct suppliers” (Deloitte 2021).

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Una

DECEMBER 8, 2022

Survey all stakeholders, including your own team, end-users of your procurement systems, your suppliers, heads of other functions, and your leadership team. 29 Questions To Ask In A Voice Of Supplier Survey. Make sourcing events more accessible to diverse suppliers. Appreciating Diverse Suppliers. Survey everyone.

Procurement 96

Procurement Contract Purchasing Suppliers 96

Una

JANUARY 1, 2024

Survey all stakeholders, including your own team, end-users of your procurement systems, your suppliers, heads of other functions, and your leadership team. Without visibility of contract expiry dates and auto-renewals, procurement and their partners in IT miss out on the opportunity to change suppliers or renegotiate the contract.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

ivalua

SEPTEMBER 2, 2019

Orsay (France), September 02, 2019 – Viparis has chosen e-Procurement software vendor Ivalua and Consulting firm CKS to optimize the management of supplier relations, source-to-contract (purchase orders, calls for tender and contracts), expense analysis and measurement of Procurement performance.

e2e 133

e2e Procurement Purchase orders Project management 133

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Importance of Innovative Procurement Models In the era where change is the only constant, innovation has become a necessity rather than a luxury.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Una

OCTOBER 9, 2023

Strategic sourcing has become a pivotal approach to procurement, offering a pathway to significant cost savings , enhanced supplier relationships, and optimized sourcing practices. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers. Improved Compliance Compliance is necessary.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

The Supplier Experience

MARCH 23, 2022

For this episode of Supplier Experience Live podcast by HICX, we have welcomed Iain Campbell McKenna. For this episode of Supplier Experience Live podcast by HICX, we have welcomed Iain Campbell McKenna.

Procurement 40

Procurement Change management Innovation Strategy 40

Una

JUNE 15, 2023

Improved supplier relationships: Dedicated procurement service providers can maintain and enhance relationships with suppliers , leading to better terms, pricing, and quality. Others may choose not to outsource anything that needs the human or personal touch such as supplier relationship management.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

SCMDOJO

APRIL 20, 2023

Within this department, the procurement manager plays a key role in overseeing the entire process, from identifying the need for goods or services to negotiating contracts with suppliers. Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] What does a Procurement Manager do?

Management 94

Management Procurement Contract management Supply Chain Optimization 94