Remove Chief Procurement Officer Remove Risk management Remove Suppliers Remove supply chain software solutions
article thumbnail

Sustainable Supply Chain Consulting — The Ultimate Guide

Procurement Tactics

Sustainable Supply Chain Consulting — The Ultimate Guide. Sustainable supply chain consulting firms are hired by many big businesses to help them with their goals. In this article, we will discuss what sustainable supply chain consulting firms are. What is Sustainability in Supply Chain?

article thumbnail

Next-Gen Procurement: Changing priorities, time for CPOs to evolve to Chief Cognitive Procurement Officers

Zycus Cognitive Procurement

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. Data-driven procurement can help leaders keep up pace with the much-needed agility. 96% of the leaders believe that this a long-term trend.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to break a cartel in Reverse Auction process

Empowering CPO

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. This will ascertain a stronger buyer-supplier bond with them.

article thumbnail

The Dirty Little Secrets in Procurement!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Dirty Little Secret #1.

article thumbnail

How Banks Can Improve Transparency in Procurement for Better Compliance

Jaggaer

A bank’s suppliers are, in most cases, also its customers. 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.

article thumbnail

Profit from the Source – Dr. Wolfgang Schnellbächer from BCG

The Procuretech Podcast

I’m talking to Dr. Wolfgang Schnellbächer from BCG, the author of a new book fresh off the presses - Profit from the Source: Transforming Your Business by Putting Suppliers at the Core. . Supplier-centric transformation and the future of procurement. Wolfgang thinks it’ll need a structural mandate to empower procurement.

article thumbnail

The Intersection of Technology and Managed Procurement Services

Empowering CPO

Our goal is to empower Chief Procurement Officers (CPOs) and their teams by providing a suite of comprehensive managed procurement services. We believe in the power of strategic sourcing and procurement to drive significant value across organizations.