Procurement Templates

MARCH 7, 2024

Key components typically found in a procurement playbook include: Procurement policies and procedures: Clearly defined rules and regulations governing procurement processes, such as vendor selection criteria, bidding procedures, and contract management protocols.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

The Procuretech Podcast

MARCH 1, 2022

Kicking off this week with the first of a number of interviews we'll be doing over the next couple of months with contract management platforms. My guest today is Elena Mechik of Berlin-based startup Inhubber, which offers a blockchain-based solution for contract management and tracking.

Contract management 40

Contract management Contract Management supply chain software solutions 40

Procurement Templates

APRIL 15, 2024

Stage 6: Risk Management Days 51-60 Risk Assessment: Conduct a comprehensive risk assessment to identify potential risks related to suppliers, contracts, and operations. Mitigation Strategies: Develop and implement risk mitigation strategies to minimize exposure and ensure business continuity.

Procurement team 130

Procurement team Contract management Innovation Suppliers 130

Spend Matters

DECEMBER 8, 2022

Categories: Contract Management , Procurement Systems & Architecture , Risk Performance and Compliance , Supply Risk Management , Vendor Snapshots Tags: EU , Risk , supply chain risk management Spend Matters PRO content brings you the most thorough analysis of vendors serving the procurement technology space.

Risk 73

Risk Risk management Contract management Contract 73

Spend Matters

SEPTEMBER 8, 2022

Over the coming weeks, our risk series will cover vendors within the following risk categories: Financial Risk & Supplier Risk. Supply Chain Risk. Supplier Management Non-Suites. Supplier Management Suites. Contract Risk Management. Compliance/CSR Risk.

Risk 82

Risk Contract Risk management Contract management 82

World of Procurement blog

APRIL 23, 2024

Contract Management Systems By automating contract creation, storage, and monitoring, these systems ensure compliance, reduce risks, and foster better supplier relationships. They also facilitate quicker contract retrieval and revision. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Contract Management Systems By automating contract creation, storage, and monitoring, these systems ensure compliance, reduce risks, and foster better supplier relationships. They also facilitate quicker contract retrieval and revision. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers. Contract Management : Navigating, drafting, and managing contracts with vendors.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers. Contract Management : Navigating, drafting, and managing contracts with vendors.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

Una

APRIL 18, 2023

Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

ivalua

FEBRUARY 9, 2021

In this session, Manulife’s procurement leadership will share the lessons learned from past struggles with disjointed solutions, their vision for the future and how they delivered rapid savings while laying the groundwork for a consistent, comprehensive transformation of vendor risk management, spend analysis, sourcing and contract management.

Contract management 100

Contract management Leadership Risk management Contract 100

Procurement Tactics

JUNE 28, 2023

Contract Management Contract Management is tracking the contractual lifecycle, including contract creation, renewal, and termination dates. Compliance with the agreed terms and conditions of a contract, as well as respect for the obligations arising from it, shall also be monitored.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

APRIL 25, 2023

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. Redwood City, CA, 25 April, 2023.

Contract 130

Contract Suppliers Supply Chain Efficiency Sourcing 130

World of Procurement blog

APRIL 24, 2024

Key Differences and Similarities While buying is a subset of procurement, procurement’s vantage point is of a wider lens, encompassing strategic planning, risk management, and value optimization. Relationship Management : Cultivating supplier relationships that foster reliability and collaboration is key.

Procurement 52

Procurement Supplier relationship management Strategic sourcing Strategic sourcing 52

ivalua

MARCH 24, 2022

Further, suppliers play a pivotal role in innovation, ESG, risk management, quality, supply continuity, and many other critical organizational functions. Ivalua is honored to be recognized in this important evaluation covering a broad range of Procurement and Supply Chain processes.

Suppliers 130

Suppliers Management Supply Chain Efficiency Spend management 130

Spend Matters

JANUARY 5, 2024

While it is best known for its end-to-end CLM for legal, procurement, sales and risk teams, CobbleStone Software ’s capabilities also touch on sourcing and e-procurement, giving it broad coverage of procurement processes.

e2e 79

e2e Procurement supply chain software solutions Contract 79

World of Procurement blog

APRIL 23, 2024

Contract Compliance: Ensure that both parties are adhering to the terms established in contracts in terms of pricing, delivery schedules, and service level agreements. Risk Management: Analyze supplier risk by evaluating financial stability, geopolitical factors, and industry trends.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

By leveraging technology, it helps businesses manage their purchasing activities through electronic methods. Its functionalities range from supplier management, purchase order management, invoice management, spending analysis, to electronic tendering, and contract management.

supply chain software solutions 52

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

World of Procurement blog

APRIL 23, 2024

Contract Compliance: Ensure that both parties are adhering to the terms established in contracts in terms of pricing, delivery schedules, and service level agreements. Risk Management: Analyze supplier risk by evaluating financial stability, geopolitical factors, and industry trends.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

By leveraging technology, it helps businesses manage their purchasing activities through electronic methods. Its functionalities range from supplier management, purchase order management, invoice management, spending analysis, to electronic tendering, and contract management.

supply chain software solutions 52

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

NLPA (Next Level Purchasing Association)

NOVEMBER 16, 2022

NLPA designed the Supply Risk Ecosystem Framework to conceptualize supply landscapes regarding supply risks. The Supply Risks Ecosystem™ puts supply risks and the need for supply risk management into perspective. It is easy to fall victim to a siloed view of supply chain risks.

supply chain budgeting 52

supply chain budgeting Supply Risk management Risk 52

ProcurePort

AUGUST 15, 2022

• Vendor management is the sum of all activities a company undertakes to maximize the value of the relationship they have with its vendors. This includes but is not limited to listing probable vendors, comparing prices, quality checks, cost control, and risk management. The post What is Vendor Management?

Vendor management 130

Vendor management Management Risk management Quality 130

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

FEBRUARY 2, 2021

Supplier Risk Management. From a risk management and vaccine distribution point of view, the supply chain will continue to be a CXO priority as we step into 2021. From a risk management and vaccine distribution point of view, the supply chain will continue to be a CXO priority as we step into 2021.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Contract management Contract 52

Spend Matters

JULY 21, 2022

It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). By consequence, it also brought solution providers with dedicated capabilities for direct spend under the spotlight. Poland-based Procurence is one such provider.

Market analysis 71

Market analysis Procurement Quality management Supply Chain Optimization 71

IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. For example, blockchain-backed contract management, when combined with automation, creates efficiencies and offers a high level of security.

Sourcing 105

Sourcing Strategy Supply Chain Efficiency e2e 105

Arkestro

JANUARY 23, 2024

Everyday responsibilities include a range of activities, such as: Supplier sourcing Cost negotiation Market research Quality assurance Contract management Risk management Supplier relationship management Policy compliance Budget management Technology utilization For every facet of a procurement manager, communication and collaboration are key.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

ivalua

NOVEMBER 23, 2020

Looking for solutions to achieve quick wins, such as automating the sourcing process or the contract management process can drive these initiatives forward. . This recent crisis underscores the need for organizations to establish and maintain effective proactive risk management programs for their supply chain.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply chain Supply Suppliers 130

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 84

Procurement solutions Procurement e2e Real-time Visibility 84

Procurement Insights

NOVEMBER 23, 2023

Survey results indicate that many core supplier management functions, including risk management, relationship management, performance management, innovation management, and CSR/Sustainability management, are still supported by generic applications such as Excel, SharePoint, and Teams or by no system at all.

Suppliers 64

Suppliers Buyers Risk management Supply Chain Optimization 64

ivalua

JUNE 16, 2021

What’s more, PwC found that the average investment in risk management among MENA companies was $1.5 To digitally transform successfully, MENA procurement teams will need to invest in process redesign and change management, and take steps to involve internal stakeholders early on.

Eprocurement 130

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

Empowering CPO

JUNE 30, 2023

They now encompass a wide range of activities including supplier selection and negotiation, contract management, risk assessment, spend analysis, and strategic sourcing, to name just a few. The Need for Outsourcing Procurement Services Managing procurement in-house can pose a host of challenges for businesses.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Procurement Heads

SEPTEMBER 1, 2022

Where the needs are focusing on driving value, third-party risk management and ensuring “in life” contracts are meeting expectations. . Particularly strong demand is being seen across: Financial services Fintech Consultancies Energy and utilities The public sector – especially local and central government and the NHS.

supply chain software solutions 130

supply chain software solutions Supplier relationship management Supply chain Demand 130

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. It involves the process of identifying, selecting, acquiring, and managing resources that a business needs to fulfill its operations and meet its goals.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

Properly identifying and mitigating risks is essential to ensuring success and sustainability. Properly identifying and mitigating risks is essential to ensuring success and sustainability. Neglecting to do so can result in serious consequences, such as financial loss, reputational damage, and legal ramifications.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Zycus Cognitive Procurement

SEPTEMBER 15, 2022

Risk management. The challenge of supply chain risk management is exacerbated by globalisation and the increased complexity of operations. As per the McKinsey report , “ In Supply Chain Risk Management, organisations often don’t know where to start.” Elevate the strategic performance management of your team.

supply chain budgeting 52

supply chain budgeting Procurement supply chain software solutions Agile and Lean Supply Chain 52

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. The outcome is not just cost savings but also improved supplier performance and risk mitigation.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40