Spend Matters

NOVEMBER 6, 2024

As part of our third-party/supply chain risk management (TPRM/SCRM) series, today we address the risk management landscape. Many solutions exist to manage risk in its broadest definition. The post The risk solution landscape is complicated appeared first on Spend Matters.

Risk 116

Risk Risk management Contract Supply chain 116

ivalua

DECEMBER 1, 2022

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.

Risk management 130

Risk management Risk Management Contract 130

ProcurePort

MARCH 23, 2021

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. That being said, there are certain times and places that we want to […].

Risk management 182

Risk management Risk Suppliers Management 182

ivalua

JUNE 10, 2020

From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. With that in mind, let’s take a look at how supplier risk management can benefit your business and prevent the disruption of services. Understanding Supplier Risk Management. Consider this.

Risk management 147

Risk management Risk Suppliers Management 147

Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. If you want to know about source-to-contract, then this is for you! What is Source-to-Contract?

Contract 156

Contract Sourcing Purchase orders Bidding 156

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations.

Risk management 40

Risk management Risk Suppliers Strategy 40

Spend Matters

DECEMBER 18, 2023

This Spend Matters Vendor Analysis provides an overview of Gatekeeper and its contract lifecycle management (CLM) and third-party risk management (TPRM) solution. To customers — Gatekeeper offers services to customers such as support for legacy contract uploads with AI-based extractions of key terms.

Risk management 113

Risk management Contract Risk Management 113

Spend Matters

NOVEMBER 19, 2024

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways.

Risk 113

Risk Strategy Agile and Lean Supply Chain Procurement 113

Procurement Templates

JANUARY 5, 2024

Creating a comprehensive contract management checklist involves several key steps to ensure effective oversight and compliance. Here’s a detailed checklist you can use: Contract Initiation: Define contract objectives and requirements. Establish contract terms and conditions. Gather feedback from stakeholders.

Contract management 130

Contract management Contract Management Negotiation 130

Spend Matters

MAY 1, 2025

Lack of visibility into budgets and contracts: Without real-time tracking, procurement teams risk exceeding budget allocations and violating contract terms. Disjointed receiving and inventory management: Delayed or inaccurate receiving processes impact stock levels and supply chain continuity.

Real-time Visibility 76

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 76

Spend Matters

DECEMBER 16, 2024

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. Design-for-Supply part 1, part 2, part 3 and part 4.

Agile and Lean Supply Chain 112

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 112

Spend Matters

NOVEMBER 7, 2024

“Halo Ai was born out of a deep industry need, which I recognized when I took on the role of Head of Third-Party Risk at a major Canadian financial institution, a company with over 190 years of history and a workforce exceeding 100,000 employees. What is the road ahead for Halo Ai?

Supply Chain Efficiency 113

Supply Chain Efficiency Risk management Real-time Visibility Ethics 113

Spend Matters

MARCH 25, 2024

We recently spoke with Stuart Brock , founder and President of startup iKinetiq Innovation Solutions which helps procurement functions design the right strategy to optimize processes, gain deeper insights, and enable data-driven risk management with a focus on using AI technologies responsibly.

Procurement contracts 127

Procurement contracts Contract Procurement Negotiation 127

Spend Matters

APRIL 22, 2025

Effective supplier governance and risk management are critical to ensuring compliance, mitigating risks and optimizing supplier relationships.

Risk 68

Risk Suppliers Risk management Supplier relationship management 68

Procurement Templates

DECEMBER 11, 2024

When committing an organisations spend, we are facing risks from all angles, consider whether if its a risk or an issue and how these can be mitigated early. Consider which projects or contracts require a plan B. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Spend Matters

JUNE 19, 2023

In this article, our analyst Nikhil Gaur looks at contract lifecycle management (CLM) platforms. What does a contract lifecycle management solution do? Top 5 Contract Lifecycle Management tech capabilities What’s the state of different procurement technologies in the market today and do they meet user demands?

Contract 104

Contract Management Negotiation Real-time Visibility 104

Spend Matters

AUGUST 8, 2023

Everyone is well aware of the cause of this attention amplification: scarcely any business escaped the repercussions of pandemic, but as our research analyst Abigail Ommen puts it: “Prior to the Covid 19 pandemic, only a small subset of people was acutely aware of risk management. Fraud prevention (i.e.,

Risk management 98

Risk management Risk Management supply chain budgeting 98

Spend Matters

FEBRUARY 13, 2023

Even if logistics teams are more responsible for operational fulfillment, procurement still has a massive impact on it in terms of the initial design of the supply network (Design For Supply) and in the contracting of conditions (prices, Incoterm, MOQ, etc.).

Risk management 98

Risk management Supply Chain Optimization Risk Supply chain 98

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

IBM Supply Chain Blog

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. Focusing on ESG Risk Management can help your organization become more profitable, and your organization can start on this journey today.

Risk management 78

Risk management Risk Management Sustainability 78

Spend Matters

MARCH 18, 2025

Data is refreshed every 6 months. To view these vendors by their market ranking (best fit for SME, Mid or Large buying organizations) as well as vendor demographics (including geographic reach, customer sample, top industries and pricing model), visit the freely accessible SolutionMap Insider app here.

Procurement 93

Procurement Sourcing Contract Risk 93

Spend Matters

APRIL 15, 2025

Many departments still rely on legacy systems for contracting and procurement, but AI tools can also integrate with these existing systems, minimizing workflow discrepancies and improving overall efficiency. It is worth noting that there is a lower percentage of new implementations across the industry compared to others for AI holistically.

Real-time Visibility 73

Real-time Visibility Procurement e2e Supply Chain Efficiency 73

Spend Matters

MARCH 25, 2025

Legal teams emphasize regulatory compliance, contract enforcement and risk mitigation. One of the most effective ways to achieve this is by using data-driven storytelling to showcase procurements role in cost savings, efficiency gains and risk management.

Stakeholder engagement 97

Stakeholder engagement Management Procurement Influencing 97

SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

Contract 98

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 98

Spend Matters

SEPTEMBER 19, 2024

See our Risk Management in-depth guide. New ‘My Marketing’ functionality We’re also excited to announce the launch of a new capability within SolutionMap Insider that allows for tailored, generated images to illustrate vendor comparisons. Data is refreshed every 6-9 months. Scroll sideways for complete coverage.

Risk management 125

Risk management Procurement Risk Contract 125

SCMDOJO

FEBRUARY 16, 2025

They can proactively identify risks, optimize processes in real time, and even negotiate supplier contracts without human oversight. Analyzes supplier performance, market trends, and contract terms. Helps businesses drive cost savings and mitigate procurement risks. Assesses supplier bids and optimizes contract terms.

Supply Chain Efficiency 61

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 61

SCMDOJO

APRIL 15, 2025

Operational risks: Supplier bankruptcies, poor quality control, or delays in logistics. Legal and compliance risks: Breach of contract, regulatory violations, or labor law issues. Evaluating these risks is essential. Cybersecurity threats: Data breaches, ransomware attacks, and supply chain software vulnerabilities.

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting supply chain software solutions 70

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management. Read In Detail About Procurement Department Here 2.

Supply Chain Efficiency 93

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 93

Procurement Insights

MAY 14, 2025

His work is theoretical, focusing on adaptive systems to predict supplier risks or optimize sourcing. contract automation), with some predictive analytics capabilities. contract compliance), but his focus is less on risk management, offering limited support for supply chain volatility.

Supply Chain Optimization 59

Supply Chain Optimization Contract Supplier relationship management Procurement strategies 59

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Spend Matters

MARCH 19, 2025

They are: BEST-OF-BREED Category Top Tech Score Customer Favorite Score AP Automation/I2P Tipalti Tipalti Contract Management Sirion Evisort Carbon Management SupplHi SupplHi eProcurement Promena Promena Sourcing Arkestro DeepStream Spend Analytics Sievo Ignite Procurement Supplier Management SupplHi SupplHi Intake & Orchestration Zip Pivot SUITES (..)

Eprocurement 85

Eprocurement Contract management Contract Sourcing 85

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Flexibility: Another way to reduce risk is to build flexibility into your supply contracts.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

ivalua

APRIL 23, 2020

The overall theme is the “Journey to Procurement Excellence”, focusing on how Procurement can deliver value through supplier collaboration, supplier risk management and more advanced strategies and capabilities to deal with Procurement and supply chain management risks and challenges – while not forgetting cost and operational perspectives.

supply chain software solutions 46

supply chain software solutions Supply chain Procurement Supply 46

ProcurePort

APRIL 28, 2022

• Vendor management refers to the set of activities an organization undertakes to optimize its working relationship with its suppliers. Vendor management activities involve cost management, risk management, contract negotiations, and performance evaluation. •

Vendor management 130

Vendor management Management Procurement Risk management 130

Spend Matters

OCTOBER 14, 2024

and its solution for Sourcing, Contracts, Procurement, AP Automation, Vendor Onboarding, Budgets, Reporting & Analytics and Vendor Risk Management. Companies seeking support in areas across the source-to-pay (S2P) process can struggle with managing multiple tools. Here’s why Zapro.ai To potential buyers — Zapro.ai

Sourcing 117

Sourcing Budget Market analysis Risk management 117

Jaggaer

MARCH 20, 2025

From sourcing and contract management to order management, supplier relationship and complaint management, JAGGAER’s solutions support Rittal in optimizing its procurement processes. JAGGAER’s source-to-pay platform met all these criteria, ultimately winning the contract.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Risk management 52

Procurement Tactics

OCTOBER 13, 2022

Collaborate and cooperate with stakeholders to ensure agreement on contract terms. Estimate and mitigate risks. Skills Necessary to be a Strategic Sourcing Manager. Risk management. Strategic sourcing managers should be able to identify risks in a dynamic business environment. Perform cost analysis.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200