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.

Chief Procurement Officer 40

Chief Procurement Officer Risk Supply chain Suppliers 40

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.

Risk 52

Risk Chief Procurement Officer Management Procurement team 52

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 […].

Chief Procurement Officer 52

Chief Procurement Officer Data Procurement Risk management 52

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?

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

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. .

Sustainability 130

Sustainability supply chain software solutions Supply chain Supply 130

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.

Procurement 40

Procurement Chief Procurement Officer Agile and Lean Supply Chain Supply Chain Optimization 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.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Zycus Cognitive Procurement

DECEMBER 16, 2022

Syed Shahrul Zaman , Head of Group Strategic Procurement. The forum served as a platform for Chief Procurement Officers (CPOs) and other procurement and sourcing leaders to share their vision about leveraging data-driven insights to create flexible and resilient supply chains. Maybank, Malaysia. . Cost Reduction.

supply chain budgeting 40

supply chain budgeting Chief Procurement Officer Procurement Supply Chain Efficiency 40

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.

Chief Procurement Officer 52

Chief Procurement Officer Bidding Strategic sourcing Strategic sourcing 52

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.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement Chief Procurement Officer Spend management 75

Arkestro

DECEMBER 12, 2022

According to McKinsey , companies can minimize supply chain disruption through “greater visibility, rigorous risk management, and newer technologies that help companies better anticipate and respond to shocks.”. Managing Supplier Relationships. Arkestro’s Predictive Procurement Orchestration platform helps procurement teams.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

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.

Contract 52

Contract Sourcing Contract management Chief Procurement Officer 52

Empowering CPO

JUNE 30, 2023

EmpoweringCPO, as our name suggests, is committed to providing businesses with the necessary tools and intelligence to take charge of their procurement processes. However, the effectiveness of managed procurement services ultimately depends on the provider’s expertise, approach, and technological capabilities.

Supply Chain Optimization 52

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

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.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

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.

Supply Chain Efficiency 26

Supply Chain Efficiency Chief Procurement Officer Procurement Collaboration 26

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.

Procurement 159

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

Una

AUGUST 17, 2022

Chief Procurement Officers (CPOs) have to draw the line somewhere to determine how much the procurement team will manage centrally and how much will be decentralized to the business. Identify and reduce risk. Risk management in tail spend is made possible by analyzing trends and understanding buyer behavior.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Buyers 98

SPLC (Sustainable Purchasing Leadership Council)

MARCH 27, 2018

According to Sam Hummel, President and CEO of SPLC, “We increasingly have members and Chief Procurement Officers, especially, ask us, ‘How can I know whether my suppliers are sustainability leaders or laggards? This allows them to focus their resources on solutions that will appeal to both their investors and their customers.”.

Sustainability 40

Sustainability Suppliers Supply Chain Efficiency Chief Procurement Officer 40

The Procuretech Podcast

JUNE 28, 2022

I say that it’s easy to convince CEOs with BCG stood behind him, but what tips would he have for chief procurement officers looking to do the same? He says that procurement is often too far from procurement’s thoughts. Yes, CEO’s don’t think about procurement, but it works the other way round.

Sourcing 52

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

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.

Supply Chain Efficiency 19

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

Empowering CPO

JULY 5, 2023

Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services. Our goal is to empower Chief Procurement Officers (CPOs) and their teams by providing a suite of comprehensive managed procurement services.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

CPO Rising

MARCH 8, 2024

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. Fridays (in 2024) means that it’s time for another CPO Rising Listicle. We’ll also include a summary graphic for you to share with your team.

Procurement team 52

Procurement team Strategy Procurement Chief Procurement Officer 52

Empowering CPO

JUNE 20, 2023

By bringing this ‘long tail’ under management, companies can reduce maverick spending, negotiate better terms with suppliers, and ultimately unlock remarkable savings. Moreover, tail spend analysis can contribute to better risk management, improved compliance, and increased operational efficiency.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

CPO Rising

MARCH 15, 2024

on March 28th (2 PM ET) for a webcast on From Green Goals to Gold Standards: The Essential ESG Blueprint for Procurement. In today’s rapidly evolving landscape, environmental, social, and governance (ESG) considerations have become paramount for procurement professionals seeking to navigate increasing risks and complexities.

Procurement 52

Procurement Risk Chief Procurement Officer Risk management 52

CPO Rising

AUGUST 25, 2023

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. Fridays (in 2023) means that it’s time for another CPO Rising Listicle. We’ll also include a summary graphic for you to share with your team.

Category management 52

Category management Procurement team Management Strategy 52

CPO Rising

JANUARY 8, 2024

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2023 articles as we reflect on the year and prepare for the new year ahead. There is no doubt that uncertainty is permeating the four walls of today’s enterprises. Many unknowns have yet to be revealed, leading to more […]

Procurement strategies 52

Procurement strategies Strategy Procurement Chief Procurement Officer 52

CPO Rising

APRIL 28, 2023

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. Fridays (in 2023) means that it’s time for another CPO Rising Listicle. We’ll also include a summary graphic for you to share with your team.

Strategy 52

Strategy Procurement team Management Procurement 52

CPO Rising

FEBRUARY 17, 2023

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. Fridays (in 2023) means that it’s time for another CPO Rising Listicle. We’ll also include a summary graphic for you to share with your team.

Category management 52

Category management Procurement team Management Strategy 52

CPO Rising

MAY 15, 2023

The Ardent Partners analyst team descended on Nashville on May 3rd and 4th for the ivalua NOW 2023: Americas conference. This event was well attended and came on the heels of the company’s slightly larger EMEA conference which was held in Paris at the end of March. Ivalua typically selects unique venues for its annual […]

Management 40

Management Procurement Chief Procurement Officer Strategic sourcing 40

CPO Rising

MARCH 31, 2023

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. Six Recommendations for Achieving Best-in-Class Vendor Management Performance: Centralize and […]

Vendor management 52

Vendor management Management Procurement team Strategy 52

CPO Rising

MARCH 29, 2023

In today’s global economy, managing supplier performance has become increasingly important for companies to maintain their revenues and customer satisfaction. Supplier performance can directly impact a company’s success, making it essential to find and engage with high-value suppliers and manage their performance effectively.

Vendor management 52

Vendor management Management Suppliers Import 52

CPO Rising

OCTOBER 1, 2022

Unfortunately, in addition to the traditional, primarily tactical- related challenges facing AP year after year, Ardent Partners believes there are several new risks on the horizon that could negatively impact AP performance in 2022 and beyond.

Risk 52

Risk Leadership Chief Procurement Officer Risk management 52

Procurement Talk with David Byrne

JUNE 21, 2022

Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Episode show notes “The common element is very similar between organisations. What you need to understand is the environment you’re working within, the stakeholders that you have and their agendas.”

Management 52

Management Chief Procurement Officer Risk management Collaboration 52

Empowering CPO

JUNE 27, 2023

Mitigating Supplier Risks: Proactive supplier risk management is crucial for organizational success. A spend analysis solution allows organizations to assess supplier performance, monitor compliance, and identify potential risks. We achieved substantial savings and improved overall procurement efficiency.”

Real-time Visibility 40

Real-time Visibility Supply Chain Optimization Data Suppliers 40

CPO Rising

JUNE 3, 2022

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements.

Spend management 52

Spend management Innovation Supply chain Supply management 52

CPO Rising

APRIL 21, 2023

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements.

Spend management 52

Spend management Innovation Supply management Supply chain 52

CPO Rising

OCTOBER 31, 2022

Over the last decade, supply chains have become more extended and complex. Enterprises continue to source a significant portion of raw materials and parts from Asia and other regions of the world. The consequences?

Raw materials 40

Raw materials Agile and Lean Supply Chain Supply Supply chain 40