CPO Rising

SEPTEMBER 23, 2024

This is one of the most complex areas in the entire procurement technology space because risk management… The post Magnus Mondays — The Supplier Management Tech Series — Part 4: Supplier Risk Management appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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CPO Rising

APRIL 9, 2025

CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements.

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Jaggaer

FEBRUARY 28, 2025

Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving Chief Procurement Officers (CPOs) grappling with challenges that could make or break their organizations. Supply Chain Visibility: Invest in technology that provides real-time visibility into the supply chain.

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

SCMDOJO

FEBRUARY 21, 2025

Procurement leaders, Chief Procurement Officers (CPOs), and Supply Chain Managers must proactively build resilience into their procurement processes to safeguard operations. The right procurement strategy ensures that organizations: Mitigate risks before they escalate.

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Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 53

Procurement Tactics

JANUARY 13, 2023

Thus, allowing you to be knowledgeable about the new trends, techniques, challenges, and goals for 2023 in the field of procurement industry. . The 6th Annual Chief Procurement Officers Summit 2023. The 6th Annual Chief Procurement Officers Summit is coming back again in 2023. Risk management.

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Procurement Chief Procurement Officer Agile and Lean Supply Chain Supply chain 159

ivalua

OCTOBER 27, 2020

The platform will deliver a range of benefits to JFC, including improved governance and auditability, more efficient procurement processes, more informed analysis and decision-making, proactive risk management, improved supplier qualification and collaboration and better compliance with contracts and policies.

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Supply Chain Efficiency Chief Procurement Officer Procurement Networking 26

Procurement Leaders

DECEMBER 22, 2024

As CPO and leader of procurement strategy, you deserve a break because the past 12 months have been challenging to say the least. In fact, its a good job that your average chief procurement officer is naturally drawn to complex problems because there was a rich vein of them through 2024.

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Agile and Lean Supply Chain Chief Procurement Officer Consumer demands Procurement strategies 130

Procurement Leaders

SEPTEMBER 9, 2024

There’s no doubt that chief procurement officers are being asked to contribute to board-level discussions more frequently. There are many reasons for this, and a call last week with many of our CPO members identified what some of those are.

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Strategy Chief Procurement Officer Supply Chain Efficiency Supply chain 130

Procurement Insights

OCTOBER 1, 2024

.” – Procurement Executive, Trainer, Consultant Here is my response: Right to the point; I respect that. I posted the following question to ChatGPT: What percentage of Chief Procurement Officers are considered to be effective leaders? What percentage of failed ProcureTech initiatives are the fault of the CPO?

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Leadership Chief Procurement Officer Influencing Risk management 59

Procurement Insights

FEBRUARY 26, 2025

itpro.com Chief Executive Officers (CEOs): Beyond trust and error concerns, CEOs are also mindful of the ethical and reputational implications of deploying AI systems that lack transparency, which can impact stakeholder trust and company image.

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Procurement Insights

OCTOBER 8, 2024

” – Albert Einstein It started as a simple exercise: ask ChatGPT, “What are the Top 3 concerns for Chief Procurement Officers in 2025?” What are the Top 3 concerns for Chief Procurement Officers in 2025? What are the Top 3 concerns for Chief Procurement Officers in 2023?

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Spend Matters

APRIL 30, 2025

Figure 2 Source: Deloitte and Spend Matters, Chief Procurement Officer Study , 2023 Supplier onboarding: Use case Novartis Nowhere is orchestration more visible than in supplier management. Although some consider orchestration jargon or a buzzword, it essentially manages and governs on steroids.

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Procurement Heads

JUNE 28, 2022

Tom Mills – Head of Procurement, Bibby Financial Services. Procurement has become recognised as a key strategic element in operational success. Highly efficacious procurement and commercial risk management have never been more critical than it is currently. What is the role of a Chief Procurement Officer?

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Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

Jaggaer

FEBRUARY 20, 2025

And if your organization is big enough to need a Chief Procurement Officer , that person is directly or indirectly responsible for every stage of that journey. The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods.

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Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Tactics

SEPTEMBER 19, 2022

Sustainable Procurement Consulting Companies. Due to this, chief procurement officers are now pressured to take on sustainability initiatives and ensure ethical and sustainable procurement. . It offers a sustainable procurement impact assessment to identify spend categories with the most opportunity and risk. .

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CPO Rising

JULY 31, 2024

CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements.

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CPO Rising

AUGUST 30, 2024

When business historians reflect on the first quarter-century of the new millennium, the broad-based transformation that occurred within the average enterprise’s procurement department will be on the list of top… The post Biggest Achievements for Procurement Over the Last 25 Years appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT (..)

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Chief Procurement Officer Procurement Supply management Management 52

CPO Rising

SEPTEMBER 13, 2024

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help… The post CPO Rising Listicle: 8 Reasons Why a CPO Needs a Strong Strategic Sourcing Operation appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

CPO Rising

SEPTEMBER 6, 2024

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help… The post CPO Rising Listicle: Achieve Best-in-Class Vendor Management Performance with Six Strategies appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT. (..)

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Vendor management Chief Procurement Officer Strategy Management 52

Procurement Foundry

JANUARY 3, 2023

Management is facing higher expectations than ever before and comes with a job description that requires a multi-faceted work strategy.

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CPO Rising

JUNE 15, 2022

Welcome to CPO News, part of our ongoing series covering the recent announcements, hirings, and notable mentions of Chief Procurement Officers and other procurement leaders. Javier Echevarria Joins Ingredion as Vice President and Chief Procurement Officer WESTCHESTER, Ill.,

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Jaggaer

MAY 7, 2019

Let’s say, for example, a supplier of facility management fails to meet its contractual obligations, causing the bank to make substantial losses. The bank’s Chief Procurement Officer may want to change vendor. He is likely to come under pressure to do so.

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CPO Rising

JULY 19, 2024

[Editor’s Note: Ardent Partners recently published its Procurement-themed report, “Procurement 2024: BIG Trends and Predictions.” Chief Procurement Officers and their teams head into 2024 with a continued lack of clarity and a need for caution. While a recession was […]

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CPO Rising

JUNE 28, 2024

[Editor’s Note: Ardent Partners recently published its Procurement-themed report, “Procurement 2024: BIG Trends and Predictions.” Chief Procurement Officers and their teams head into 2024 with a continued lack of clarity and a need for caution. While a recession was […]

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CPO Rising

MAY 24, 2024

[Editor’s Note: Ardent Partners recently published its Procurement-themed report, “Procurement 2024: BIG Trends and Predictions.” Chief Procurement Officers and their teams head into 2024 with a continued lack of clarity and a need for caution. While a recession was […]

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Supply Chain Game Changer

NOVEMBER 16, 2022

Digitization applies disruptive technologies that sharpen all procurement levels and make it more competitive. It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Benefits of Procurement Automation. Risk management.

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Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

CPO Rising

MAY 1, 2023

Many unknowns have yet to be revealed, leading to more conservative and risk-averse business decision-making. Chief procurement officers, among others, continue to operate in a new normal where answers to business challenges are elusive. Ardent Partners’ research shows that nearly half […]

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CPO Rising

FEBRUARY 27, 2023

Chief procurement officers face a myriad of supply chain risks from supplier insolvency to union strikes to geopolitical crises. However, an area of risk that can be overlooked is the weather. This year’s winter season has been particularly brutal across the country.

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CPO Rising

NOVEMBER 21, 2022

Chief procurement officers face a myriad of supply chain risks from supplier insolvency to union strikes to geopolitical crises. However, an area of risk that can be overlooked is the weather. Weather disruption is our third macro-level challenge that CPOs must address as they enter 2023.

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CPO Rising

JULY 10, 2023

Today, we feature our ongoing coverage of this year’s 18th-annual CPO-themed report, where my team and I continue our nearly two-decade-long dialogue with chief procurement officers (CPOs) and other procurement leaders.

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CPO Rising

JUNE 10, 2022

With the release of my 17th annual “State of Procurement” and Chief Procurement Officer research study, my team and I continue our two-decades-long dialogue with CPOs and procurement leaders. Specifically, in this year’s report, CPO Rising 2022: The Data Revolution, CPOs […].

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Empowering CPO

DECEMBER 3, 2020

Chief Procurement Officers (CPOs) are daunted with the demanding task of identifying and breaking these cartels. As Chief procurement officers (CPOs), you have to identify and break these cartels, especially in a reverse auction process. Competition laws often forbid private cartels. Contact us today.

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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. It’s time to air our dirty laundry.

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supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Barkers Procurement

APRIL 16, 2025

Were seeing this in leading construction procurement teams, not only in response to AI but also due to the rapid evolution of these functions. Nowadays, the roles of Chief Procurement Officers (CPOs) are becoming more integrated. Procurement people are well-placed to manage these risks because they work with suppliers.

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Zycus Cognitive Procurement

SEPTEMBER 28, 2022

Once upon a time, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on his instinct, which is simply based on years of distilled experience. Following are the highlights from the group discussion session: Data is a great tool and procurement is on its journey to leverage data for driving value.

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Procurement Chief Procurement Officer Agile and Lean Supply Chain supply chain software solutions 40

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.

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Zycus Cognitive Procurement

JANUARY 12, 2021

3] Astute Contract Risk Management. What happens after the contract awarding phase is most significant because it could move your entire procurement process in another direction. Contract management plays an essential role in maintaining an effective and competitive supply chain. 4] Artificial Intelligence.

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