Procurement Insights

APRIL 4, 2025

Rank Conference Reasoning 1 SIG (Global Executive Summit) SIG stands out for its practitioner-driven focus on procurement best practices, cost optimization, and supplier management. contract negotiation, risk mitigation) gives it the strongest alignment with core procurement practices. Its emphasis on actionable strategies (e.g.,

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Procurement 52

ivalua

FEBRUARY 27, 2023

Additionally, they can track risk and supplier performance issues in real time, enabling them to take proactive measures such as looking for alternative sources of supply before experiencing disruption to their supply chains. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Jaggaer

APRIL 16, 2025

Many procurement teams are being asked to deliver value beyond savings alone , strengthening supply chain resilience, reducing compliance risk, and advancing ESG and sustainability goals, at greater speed and without headcount increases. On the demand side, there is pressure to do more with less.

Procurement 52

Procurement Demand Planning Data interpretation Supply Chain Efficiency 52

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Supply Chain Game Changer

APRIL 15, 2020

Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. So, with these statistics in mind, would you say that working w/ a startup is too big of a risk…? Nelson Mandela.

Procurement 111

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 111

Procurement Tactics

JUNE 7, 2023

Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience. Furthermore, close collaboration with suppliers enables proactive risk mitigation, ensuring business continuity and reducing vulnerabilities.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Procurement Heads

DECEMBER 15, 2022

Definitely areas like supply chain resilience, which is a big topic at the moment; we have undertaken a lot of supply chain mapping and created a lot of real-time data and if factors were to happen, what an organisation and procurement should do to counteract them.

Sustainability 130

Sustainability Supplier relationship management Contract management Supply chain 130

Arkestro

JANUARY 9, 2024

Contract management. Supply Chain Resilience The pandemic highlighted the importance of supply chain resilience. As procurement teams strive to meet ESG initiatives and navigate continued economic and geopolitical uncertainties, supply chain resilience continues to be a top priority.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Una

JUNE 5, 2024

Key elements include diversified sourcing, real-time visibility, strategic inventory management, and the ability to quickly respond to disruptions. Companies that had invested in semiconductor supply chain resilience were able to maintain production and avoid costly delays. Why Do We Need Supply Chain Visibility?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 52

SCMDOJO

JUNE 28, 2024

Key competencies: Direct & indirect materials Function Strategy & transformation Digitalization ESG Risk management Supplier Relationship management She is an invited lecturer and Award-Winning Speaker, nominated for ‘Best Procurement CPOs – Russia’ list.

Supply Chain Optimization 91

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 91

TYA Suite

JULY 17, 2024

Involves collaborative decision-making and risk-sharing with strategic partners. Utilizes data analytics and market intelligence to optimize category performance and mitigate risks. In a rapidly evolving market landscape, staying abreast of market trends, fluctuations in supply and demand, and geopolitical factors is indispensable.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Procurement Software

APRIL 2, 2024

May also have integrations with other data points, or offer vendor intake or contract management capability. In some cases, you can also get SRM platforms that have supplier quality modules and supplier financial risk. Interos Interos offers a comprehensive platform designed to enhance supply chain resilience.

supply chain software solutions 52

supply chain software solutions supply chain budgeting Procurement Budget 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

HICX

SEPTEMBER 16, 2024

Stakeholders should understand that amalgamating SIM with various management systems and ERP software offers a range of additional benefits. When risks are identified and mitigated at the earliest opportunity, organizations can ensure that their reputation is not impacted and any financial ramifications are avoided.

Suppliers 52

Suppliers Management supply chain software solutions Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Scope : Procurement spans the entire process from identifying requirements to contract closure.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 30, 2023

These experts don’t just handle the purchasing, but they also bring in their knowledge, skills, and technology to streamline the process, manage risks, and ultimately, unlock greater value for the business. The Need for Outsourcing Procurement Services Managing procurement in-house can pose a host of challenges for businesses.

Management 40

Management Procurement Supplier relationship management Supply Chain Efficiency 40

TYA Suite

MAY 3, 2025

are also essential; look for platforms that offer comprehensive supplier tracking, performance metrics, and contract management to facilitate better negotiations and cost savings. You want software that triggers a different approval chain if an item is over $500 or part of a flagged supplier group.

supply chain software solutions 40

supply chain software solutions Real-time Visibility Procurement Supply Chain Efficiency 40

Empowering CPO

JUNE 14, 2023

It’s no longer about simply obtaining goods and services at the lowest cost, but also about adding value to the organization, reducing risks, enhancing sustainability, and promoting social responsibility. These technologies enable better supplier evaluation, improved contract management, predictive analytics, and enhanced transparency.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JUNE 27, 2023

This enables proactive identification of cost-saving opportunities, risk mitigation strategies, and more informed decision-making. This granularity allows procurement teams to identify specific areas for improvement, negotiate better contracts, and optimize supplier relationships.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40