SCMDOJO

JULY 18, 2023

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

Contract management 96

Contract management Contract Import Management 96

ContractSafe

AUGUST 17, 2023

Explore the vital role of a contract manager in your business — from risk mitigation to compliance and beyond, they're the backbone of operational efficiency.

Contract management 52

Contract management Contract Management Risk 52

Una

APRIL 18, 2023

EPISODE 111 Taking Intelligent Risks with Mark Trowbridge By Kelly Barner | April 19, 2023 We’ve all been mired in years of paralyzing risk and disruption… but could risk taking be just what this moment calls for? Yes – as long as the risks are “intelligent risks.”

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

World of Procurement blog

JANUARY 12, 2022

Over Christmas, I started thinking about the top Contract Management trends for 2022. One general observation I have of us Contract Managers is that there is a fantastic opportunity to become more closely aligned with our Legal colleagues. Additionally, there is a significant focus on certainty within contracts.

Contract management 52

Contract management Contract Management e2e 52

Value Match

AUGUST 11, 2022

The Department of Health and Social Care has been managing the PPE contracts it entered in 2020 to reduce its risk and minimise losses to the taxpayer. The National Audit Office (NAO) are currently investigating the Department performance in managing PPE contracts with a specific analysis of: PPE purchased by the Department.

Contract management 52

Contract management Contract Management Bidding 52

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

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 83

Risk Contract Risk management Contract management 83

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 74

Risk Risk management Contract management Contract 74

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

Una

APRIL 18, 2023

Pain Points in Procurement Series How Procurement Can Risk-Proof an Organization During a Recession Five steps procurement can take to risk-proof an organization against the impacts of a looming economic recession. So, how can procurement risk-proof an organization during a recession without squeezing suppliers?

Risk 98

Risk Procurement supply chain budgeting Supply Chain Optimization 98

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

Zycus Cognitive Procurement

DECEMBER 1, 2020

There are many benefits of contract management software, especially in today’s world. Also, contract management software provides the legal, procurement, financial, sales, and contract administration teams with a useful set of tools to effectively and efficiently manage the entire contract management process.

Contract management 40

Contract management Contract Management Contract administration 40

World of Procurement blog

JULY 27, 2021

Why you need a Contract Lifecycle Management System Contract Lifecycle Management (CLM) systems are a must-have for effective Contract Management. There is no way you would want to build a process outside of the CLM to ensure "you were doing Contract Management" without implementing it.

Contract management 52

Contract management Contract Management Contract administration 52

ivalua

JUNE 10, 2020

Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. That’s why companies are always looking for new ways to streamline and increase efficiencies while also mitigating the risk within their supply chain. Understanding Supplier Risk Management.

Risk management 147

Risk management Risk Suppliers Management 147

ProcurePort

MARCH 23, 2021

The risk will always be a part of our everyday lives. In fact, the right risks, made with calculations and well-founded information, yield some of the best rewards. The post How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist appeared first on ProcurePort Blog.

Risk management 182

Risk management Risk Suppliers Management 182

ProcurePort

APRIL 14, 2022

Manual reviews can also be expensive when a large team is required to continually assess new contracts. Contract […]. The post 4 Contract Risk Management Tools To Protect Your Organization appeared first on ProcurePort Blog. . • Reviewing them manually is not only time-consuming but also challenging.

Risk management 130

Risk management Contract Risk Management 130

CPO Rising

MARCH 13, 2023

Automated contract management solutions that feature robust analytics and reporting tools can help procurement organizations offset staff shortages, perform more of the “heavy lifting” needed to manage and search through voluminous documents, and alert stakeholders of critical risks, opportunities, and events as well as contract milestones that need (..)

Contract 52

Contract Risk Contract management Procurement 52

Procurement Tactics

MARCH 16, 2023

When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals. Category Management Category management sorts your spending into areas with the same supplier markets.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

JUNE 28, 2023

It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Contract Management Contract Management is tracking the contractual lifecycle, including contract creation, renewal, and termination dates.

Supply Chain Efficiency 178

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

Empowering CPO

JULY 2, 2023

One of the key areas we focus on is enhancing supplier risk management through our managed procurement services. Supplier risk management is an integral aspect of procurement, tasked with identifying, assessing, and mitigating risks associated with a company’s supply chain.

Risk management 40

Risk management Risk Suppliers Management 40

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

Spend Matters

JANUARY 22, 2024

A leading provider in the contract markup segment, LexCheck has an established reputation for its strong pre-configured playbooks and has recently made advancements in AI, including generative AI. As a markup-focused solution, LexCheck’s purpose is to save time spent reviewing documents and identify potential risks a human reviewer may miss.

Contract 89

Contract Contract management Buyers Negotiation 89

Spend Matters

MARCH 11, 2024

Traditional procurement processes can be complex, time-consuming and manual, leading to inefficiencies, a lack of transparency and increased risk. To overcome these challenges organizations often look for a technology solution that offers automation, centralized data management and streamlined workflows.

Procurement solutions 102

Procurement solutions Sourcing Procurement Market analysis 102

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. Learn more at www.ivalua.com.

Contract 130

Contract Suppliers Supply Chain Efficiency Sourcing 130

ivalua

MARCH 24, 2022

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. 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 Supply chain resilience 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. It makes the invisible visible through discovery and continuously monitors key issues to supply chain risk.

e2e 80

e2e Procurement supply chain software solutions Contract 80

ivalua

SEPTEMBER 20, 2021

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. Asian Paints conceptualized a technology solution using Ivalua’s Supplier Information Management , Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. .

Contract 130

Contract Collaboration Sourcing Contract management 130

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

DECEMBER 20, 2022

According to an investment banking company, Goldman Sachs, automating contract management speeds up sales negotiation cycles by up to 50%. Additionally, it removes inaccurate payments by 75 to 90% and decreases the operating and processing costs related to contact management by up to 30%.

Contract 130

Contract Management e2e Contract management 130

Procurement Templates

MARCH 3, 2024

Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Develop strategies to mitigate these risks and build resilience within the supply chain.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ivalua

DECEMBER 7, 2022

Bol.com was in search of a solution to digitalize its indirect S2C cycle to support its business colleagues with efficient and robust sourcing and contract management processes. The company is a wholly-owned subsidiary of Ahold Delhaize. Learn more at www.ivalua.com.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Contract Sourcing 130

Barkers Procurement

SEPTEMBER 17, 2023

Contract lifecycle management, often abbreviated to ‘CLM’ in procurement, is the management of contracts from the initiation right through to the termination or renewal of the contract. Contracts are crucial documents. The business may also have problems collecting payment.

Contract 52

Contract Management Contract management Negotiation 52

Procurement Tactics

MAY 4, 2023

Additionally, the audit can identify opportunities to negotiate better rates during contract renewals by assessing and managing costs on a case-by-case basis. Identify risks before it gets worse Conducting contract audits proactively is an efficient way to recognize potential problem areas and risks before they worsen.

Contract 184

Contract Negotiation Contract management Procurement strategies 184

ivalua

FEBRUARY 10, 2023

They should do this by regularly tracking changes in the economy and taking proactive steps to mitigate any potential risks associated with inflation. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Tactics

FEBRUARY 19, 2023

Contract management ChatGPT can provide assistance to procurement professionals by assisting them in managing their contracts by providing information on the contract terms and conditions. Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data.

Procurement 287

Procurement Market analysis Contract Suppliers 287

ivalua

JUNE 16, 2021

What’s more, PwC found that the average investment in risk management among MENA companies was $1.5 These solutions also improve collaboration among organizations and suppliers, and enable procurement teams to leverage data analytics to optimize contract negotiations, payments, buying patterns and more. Enter eProcurement.

Eprocurement 130

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

Spend Matters

OCTOBER 30, 2023

The supplier management solution (SxM) also offers considerable contract management depth due to its historical and unchanged focus on post-contract activities.

Contract management 92

Contract management Contract Suppliers Management 92