This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g.,
Collaboration within a company is one of the many keys to its overall success. But unfortunately, many studies suggest organizational silos stop effective collaborations from occurring within companies. One, in…
Here’s why IDAS matters: To the market — IDAS is a PO/supply chain collaboration solution that goes beyond supporting just transactions. To potential buyers — In times of constant supply chain disruptions, IDAS provides small to medium-sized companies a way to enhance collaboration with their suppliers and get visibility on potential issues.
As part of our series on all aspects of risk management, we are taking a look at the digital capabilities of risk solutions (supplier risk management, TPRM and SCRM). Risk governance: Risk identification and sensing; Risk analysis and evaluation; Risk treatment and mitigation; Risk monitoring; Incident management.
This GEP-sponsored report will show you how to leverage data for a collaborative supply chain that delivers results and how to future-proof supply chain management strategies. The C-suite is laser-focused on supply chain performance.
Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.
This article serves as the executive summary of a six-part series built for finance and procurement leaders aiming to strengthen their organizations cash flow management and liquidity position. Cash flow management is no longer an isolated finance function, it requires end-to-end coordination across teams and systems.
Visit our In-Depth Guide to Risk Management for an explanation of this complex environment. For today’s vendor viewpoint we spoke with Nick Francis, Chief Technology and Marketing Officer (CTMO) at Commercial Value Management specialist Brooklyn Solutions.
Essential Guide to Supplier Collaboration Supplier collaboration is redefining success across industries. Companies that excel in supplier collaboration aren’t just staying competitive—they’re leading the pack by leveraging every opportunity to innovate and grow.
The secret is mastering strategic cost management strategies. This GEP bulletin, "Strategic Cost Management Approaches to Unlock Growth and Increase Profitability," breaks this down into clear, actionable steps. How can businesses gain a competitive edge in an era marked by relentless competition and economic fluctuations?
Visit our In-Depth Guide to Risk Management for an explanation of this complex environment. For today’s vendor viewpoint we asked Austin Fuller, Director, Product Marketing at supply chain risk management specialist Exiger Have you witnessed a significant change of appetite for risk-related tech over recent years from your customer base? “Yes,
Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.
Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. What is supplier collaboration?
In part 3 we look at the tech that can support Procurement in tariff management. Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle.
Paul Heller, Innovation Evangelist and podcast host of Innovation Talks , will provide insight on the following: Learn how to ensure that innovation projects are directly tied to broader business transformation goals Discover methods for improving cross-functional collaboration between innovation, product, and leadership teams for enhanced supply chain (..)
As part of our series on all aspects of risk management, we are taking a look at the digital capabilities of risk solutions (supplier risk management, TPRM and SCRM). Risk governance: Risk identification and sensing; Risk analysis and evaluation; Risk treatment and mitigation; Risk monitoring; Incident management.
Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.
As little as 10 years ago, we heard stories of pretty much indifference to risk: “supply risk management was young,” we heard, and “we didn’t worry too much about risk; we spent a very small percentage of our time on it.” But from my experience, each team does this very differently, with each using its own technology to manage risk.
The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. Growth Strategic supplier relationships are vital for supporting business growth.
Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022).
The modern procurement leader must manage risk, drive ESG, deliver cost savings and enable innovation often without additional headcount or budget. Procurement teams are spread thin and have to manage everything from basic sourcing to board-level ESG compliance. Done well, it enables collaboration and compliance from day one.
Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Collaboration brings visibility and agility for gaining market share.
These changes have reshaped how procurement professionals collaborate and execute their tasks. In this new era, collaboration in procurement has become critical for achieving efficiency and innovation. She highlights the importance of collaboration in today’s hybrid work environment.
An interview with Andrea Sala, Procurement Project Manager at the Franke Group Founded in 1911, Franke is a privately owned company within the Artemis Group and a leading global manufacturer and provider of solutions and equipment for domestic kitchens as well as for the professional foodservice sector and coffee making. billion Swiss franc.
Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Real-time data from every tier of your network, combined with focused applications, AI, and actionable analytics, enables cross-functional collaboration for swift disruption resolution.
One of the most effective strategies for building resilience is integrating project management into supply chain operations. A well-managed supply chain does not just survive crises it thrives in them. Improve collaboration between suppliers, manufacturers, and logistics partners.
The annual State of Flux global supplier relationship (SRM) management study made its appearance in London last week at the 2024 Supplier Management Summit in its 16th rendition, this time themed ‘Return on Relationships (RoR). Technology — The enabler of SRM initiatives by improving communication and collaboration among all parties.
Redwood City, CA, July 12, 2022 – Manufacturers are working to accelerate digitization initiatives to manage supply chain disruptions in 2022 and beyond, according to an original survey commissioned by Ivalua , a leading global spend management cloud provider. Ivalua is a leading provider of cloud-based Spend Management solutions.
EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.
Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Having good relationships with our suppliers means that they are also willing to work with procurement collaboratively, after all a win win situation should benefit both parties. Wait, what about stakeholders?
When you look behind the scenes of a global business operation, procurement strategy and supply chain management are usually top priorities, though theyre not always working in sync. The Role of Procurement & Supply Chain in Business Success Procurement and supply chain management play pivotal roles in how a business performs.
Gathered around a table laden with insights and expertise, industry leaders recently convened at the institute for Supply Management to delve into the latest hot topics shaping the world of supply chain management.From procurement strategies to risk mitigation, the roundtable discussion was a lively exchange of ideas and perspectives.
Yet, many organizations struggle to modernize procurement processes, not due to a lack of technology, but because they fail to align workflows, stakeholder collaboration and automation effectively. Disjointed receiving and inventory management: Delayed or inaccurate receiving processes impact stock levels and supply chain continuity.
Sustainability management and oversight frameworks should be designed not just to meet current standards but to set new benchmarks in sustainable business practices.
Many businesses start their contract management journey with a familiar friend: the humble spreadsheet. Lets face it, as your contract volume grows and the need for efficient tracking, reminders, and collaboration intensifies, those once-reliable spreadsheets can quickly become sources of frustration and strain.
As the automotive industry grapples with mounting challenges, a new trend is taking shape a strategic shift toward cash flow management and financial resilience. auto tariffs have reshaped supply chain dynamics, pushing the industry to rethink its approach to financial management in the digital age. The ripple effects of U.S.
The procure-to-pay space continues to evolve as organizations demand more efficient, automated solutions to manage procurement, invoicing and payment processes. Here’s why we think Vroozi matters: To the market: Vroozi offers a comprehensive P2P solution, including e-procurement, invoice automation and supplier collaboration.
In this fast-paced economic landscape, the importance of strategic supplier relationship management cannot be overstated. Join us as we delve into the world of Supplier Relationship Management, unlocking the secrets to success in the face of tariff uncertainty.
This blog explores how MTSS platforms can be strategically utilized to build the competencies necessary for success in supply chain management. For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs.
Key Benefits of Strategic Sourcing Building Long-Term Supplier Partnerships Strategic sourcing focuses on identifying and collaborating with suppliers who align with a companys long-term goals. Greater Supplier Satisfaction: Engaged suppliers who see the value in a long-term partnership are more willing to collaborate and innovate.
In this blog post, we will explain why ITSM Tools are the ideal choice to transform IT management. ITSM stands for IT Service Management. Why Your IT Operation Needs an ITSM Tool Modern IT management demands speed, visibility, and scalability. IT management should be connected to your company’s digital ecosystem.
Manually managing processes no longer keeps up with todays business demandsand thats where AI-powered solutions step into the spotlight. Lets dive deeper into how integrated service management can help your company grow. Service Management Is EvolvingIs Your Operation Keeping Up?
As the scale of your spending grows, it becomes harder to manage without a dedicated procurement department or an updated process. Are multiple departments paying for different versions of the same project management software? A lack of stakeholder collaboration can result in a host of legal and security problems.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content