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 92

Risk management Risk Management supply chain budgeting 92

ContractSafe

MAY 18, 2023

Contract risks are a lot like the weather. We’ve all been there: the sun’s shining, not a cloud in the sky, then just a few minutes later, you feel that first drop of rain hit your shoulder. Slowly, the clouds roll in, the wind picks up, and before you know it, it’s a full-blown storm.

Contract 52

Contract Risk management Risk Management 52

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

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 83

Risk management Risk Management Sustainability 83

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 91

Contract Management Negotiation Real-time Visibility 91

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 Sourcing Supply Chain Efficiency 130

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 75

Risk management Supply Chain Optimization Risk Supply chain 75

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

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 84

Risk Contract Risk management Contract management 84

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 93

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 93

Zycus Cognitive Procurement

AUGUST 29, 2022

With government organizations using entire suites with AI incorporated, it is a process that is being digitized to achieve ease of operations as well as better compliance and risk management. As a government organization, it is all the more important to contract with suppliers that can hold up to regulations and other statutory rules.

Risk management 52

Risk management Risk Suppliers Management 52

Supply Chain Game Changer

JANUARY 30, 2020

Around a decade ago, the main risks were component shortages, supplier failures and commodity price volatility, though by 2017, these had evolved into three distinct groups including: IT security incidents Supplier facility destruction due to natural disaster Geopolitical concerns such as war and terrorism. Case Building for Risk Management.

Risk management 71

Risk management Supply Chain Efficiency Risk Supply chain 71

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

Spend Matters

APRIL 4, 2024

As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management. Halo Ai addresses third-party risk management problems by consolidating supplier data into one platform with the goal of becoming a one-stop-shop for TPRM.

Procurement 85

Procurement Risk management Raw materials supply chain software solutions 85

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

Zycus Cognitive Procurement

DECEMBER 9, 2020

The pandemic has taught us supply chain professionals a precious lesson in supply chain risk management. The increased complexity of supply chains and global nature has expanded the scope of supply chain risk management. The expanded scope of risks. Pitfalls of Legacy Supplier Risk Management Tools.

Risk management 52

Risk management Risk Suppliers Management 52

Art of Procurement

JUNE 22, 2023

The post Are contracts obscuring U.S. Human rights concerns are at the top of the priority list for supply chain and procurement professionals. Among the most. child labor in your supply chain? appeared first on Art of Procurement.

Contract 75

Contract Supply chain Supply Procurement 75

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

Value Match

JUNE 13, 2022

Bid Management. Contract for Change. What are the risks involved in your Supply Chain? The depth and breadth of risk management will be very different depending upon your circumstances, but some areas to consider include: Shipping disruptions – in March 2021 the Suez Canal was blocked for six days after a grounding.

Risk management 52

Risk management Supply Chain Efficiency Risk Supply chain 52

Zycus Cognitive Procurement

JANUARY 12, 2021

What is Source to contract? Source to contract (S2C) refers to the set of procurement processes that come into play while sourcing a product or service. How is Source to contract affected during a crisis? How is Source to contract affected during a crisis? 3] Astute Contract Risk Management.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Procurement Templates

APRIL 15, 2024

Risk-taking: High openness can also lead to a greater willingness to take calculated risks. This might mean trying out new vendors or negotiating non-traditional contracts to achieve better results. Personal Interests and Values: Personal interests, values, and beliefs can also influence procurement managers’ views.

Influencing 130

Influencing Negotiation Innovation Risk 130

Spend Matters

MARCH 20, 2024

The examples represent the following segments: AP Automation/Invoice-to-Pay, Carbon Management, Contract Lifecycle Management, E-Procurement, Procure-to-Pay (P2P), Source-to-Contract (S2C), Source-to-Pay (S2P), Sourcing, Spend and Procurement Analytics, Supplier Management (SxM) and Supplier/Third-party Risk Management.

Procurement 102

Procurement Contract Sourcing Category management 102

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

Procurement Templates

MARCH 3, 2024

This may include procurement methods, sourcing strategies, contract terms, etc. This includes historical spending data, purchase volumes, supplier information, contract terms, and other relevant metrics. Data Collection : Gather comprehensive data related to spending within each procurement category.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Spend Matters

JANUARY 11, 2024

Procurement will step into the center of risk management As the risk landscape continues to change at an alarming rate, organizations can no longer afford to look at risk one dimensionally. At one time, this was acceptable; a financial profile or sanctions report was enough for an onboarding risk analysis.

Procurement solutions 79

Procurement solutions Procurement Risk management Procurement team 79

Value Match

JUNE 27, 2022

Bid Management. Contract for Change. It’s feared that by September catering firms will be forced to pull out of contracts before the start of the next academic year. Procurement teams can support the catering provision by managing their supply chain and risk management. Categories. Best Practice Guides.

Contract 52

Contract Suppliers Procurement team Quality 52

Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. The obligation to deliver the underlying commodity is assumed by the seller, at the contract’s expiry date. It provides risk management solutions specifically for commodities.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

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

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 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

Spend Matters

MARCH 18, 2024

Day one — which Spend Matters did not attend as it was for customers and partners only — consisted of solution-focused sessions covering various topics: AI and generative AI, risk management, external workforce management, etc. Chat with documents to pull relevant data and insights from documents, contracts or invoices.

Procurement 93

Procurement Raw materials Risk Sustainability 93

Spend Matters

JANUARY 5, 2024

Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts. Gatekeeper combines contract lifecycle management with third-party risk management, two areas that are related but usually addressed with disparate software tools.

e2e 81

e2e Procurement supply chain software solutions Contract 81

Spend Matters

SEPTEMBER 1, 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 74

Risk Suppliers Supply Chain Visibility Risk management 74

Spend Matters

SEPTEMBER 15, 2022

Categories: CSR , ERP , Risk Performance and Compliance , Supply Risk Management , Sustainability Tags: PRO This Spend Matters PRO analysis is the penultimate of our 7-part series on Risk technology solutions and services vendors, focusing on organizations' increasing need to manage and mitigate risk scenarios.

Supply Chain Efficiency 50

Supply Chain Efficiency Risk Risk management Contract 50

ivalua

MARCH 24, 2022

Supplier Value Management (SVM) platforms include the various applications used to automate and manage activities with suppliers, including Supplier Risk & Performance Management (SRPM), Source-to-Contract (S2C), and Procure-to-Pay (P2P).

Suppliers 130

Suppliers Management Supply Chain Efficiency Supply chain resilience 130

Spend Matters

AUGUST 11, 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 84

Risk Suppliers Risk management Procurement strategies 84

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