Spend Matters

DECEMBER 16, 2024

Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle. 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

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

Spend Matters

NOVEMBER 7, 2024

What is Halo Ai HaloAi is a third-party risk management (TPRM) solution that aims to be a one-stop shop for third-party risk so that organizations do not need multiple point solutions. Halo Ai uses AI models to connect, correlate and contextualize real-time data points to bring customers the full risk story.

Risk management 114

Risk management Risk Suppliers Supply chain 114

Procurement Templates

NOVEMBER 21, 2024

Coupa, Ariba) Data analytics tools (e.g., Coupa, Ariba) Data analytics tools (e.g., Workshops on negotiation and supplier relationship management. Use Data-Driven Arguments: Leverage cost breakdowns and benchmarks to negotiate better terms. Free online tutorials on data visualization and analytics.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

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

SEPTEMBER 26, 2024

For this year’s Spend Matters Fall 2024 SolutionMap release – our comprehensive methodology designed to help organizations evaluate and select procurement solutions – we launched a new module: third-party (and supply chain) risk management (TPRM and SCRM).

Risk management 120

Risk management Risk Management Procurement 120

Pipefy

MARCH 25, 2025

This is why AI for risk management is one of the most powerful tools banks and fintechs can rely on to detect and prevent fraud in an automated way. But how is AI revolutionizing fraud risk management in the credit sector, and how can BPM and BPA optimize this process? What is the Role of BPA in Fraud Prevention?

Risk management 52

Risk management Risk Management Data 52

Spend Matters

NOVEMBER 7, 2024

This realization planted the seed for a solution that would later become Halo Ai — a system designed to create comprehensive risk profiles for third parties, enabling organizations to operationalize their risk management strategies more effectively.

Supply Chain Efficiency 113

Supply Chain Efficiency Risk management Real-time Visibility Ethics 113

Spend Matters

MARCH 6, 2024

Today we cover the Risk Management market. The high-level market overview utilizes data from a recent Spend Matters vendor survey. Providers that provided input on AI in risk management are: Airbase, apexanalytix, Arkestro, CategoryAI Inc., The post Meet AI in Risk Management appeared first on Spend Matters.

Risk management 113

Risk management Risk Management Procurement 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 Supply Chain Optimization 113

Spend Matters

MARCH 18, 2024

This Spend Matters Vendor Analysis provides an overview of Halo Ai and its solution for third party risk management. Third-party risk management (TPRM) is often an afterthought for organizations or a measure only taken after a risk event occurs. This content is for members only.

Risk management 117

Risk management Risk Management Supply chain resilience 117

ivalua

SEPTEMBER 19, 2022

Collecting dependent sub tier suppliers via email at such volumes, mapping them to identify common dependencies and augmenting with additional data to assess sub-tier risk is not practical and prone to error. Mitigating and Measuring Risk Impact. Fortunately, we have what we need today.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

Spend Matters

JANUARY 7, 2025

Maja Tepeh , Senior Brand Manager at supply chain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment. However, the cost avoidance from mitigating ESG-related supply chain risks, such as regulatory fines or disruptions, is equally important.

supply chain software solutions 117

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 117

Spend Matters

NOVEMBER 20, 2023

It offers a comprehensive risk assessment product encompassing various risk dimensions, such as ownership control, operational, financial health, ESG, cyber, reputational, criminal, regulatory and product risk within the supply chain. This content is for members only. Visit the site and log in/register to read.

Risk management 114

Risk management Risk Supply chain Management 114

SCMDOJO

JANUARY 9, 2025

Enhancing Competitive Advantage Strategic sourcing creates a sustainable competitive edge by combining cost savings, risk management, and supplier innovation. However, these solutions use data analytics, automation, and predictive modeling to streamline operations, enabling procurement teams to make faster and more informed decisions.

Strategic sourcing 96

Strategic sourcing Strategic sourcing Sourcing Procurement 96

Spend Matters

NOVEMBER 13, 2024

These and other similar risks have increased with globalization, and reputational damage can be significant, as many cases have shown over the years. Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes reputational risk The causes come from many quarters.

Risk 113

Risk Supply Chain Efficiency Supply chain Suppliers 113

Spend Matters

MAY 1, 2025

Disjointed receiving and inventory management: Delayed or inaccurate receiving processes impact stock levels and supply chain continuity. Heres how to fix these issues: Standardize catalog data and supplier onboarding: Implement structured data validation for accurate pricing and seamless supplier integration.

Real-time Visibility 75

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 75

Spend Matters

APRIL 15, 2025

Procurements most valuable players Jesus Campos , CEO CorporateLATAM, once wrote on Spend Matters that procurement functions must address two key areas to navigate the uncertainty of global markets: risk management and organizational structure the latter being relevant to our discussion on procurement transformation. The Risk Manager.

Procurement 101

Procurement Category management Chief Procurement Officer Risk management 101

Procurement Heads

AUGUST 4, 2022

Alex Fourlis, Managing Director at Broadbean Technology said, “The UK’s skills crisis is continuing to be a focal issue, and for good reason as our data shows that these shortages are impacting almost every business, across every sector.

Data 130

Data Risk management Suppliers Supply chain 130

Spend Matters

APRIL 30, 2025

Disconnected payment execution: Payments are processed manually in multiple systems, increasing fraud risk and reconciliation time. Heres how organizations can fix these issues before automating the problems: Mandate e-invoicing: Enforce structured formats (EDI, XML) to eliminate manual data entry and errors.

Collaboration 99

Collaboration Suppliers Data Procurement 99

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. Her versatile background allows her to seamlessly blend data-driven insights with captivating content to drive impactful results.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 87

ProcurePort

OCTOBER 11, 2022

• The procurement process in any organization is a combination of several functions that require expertise ranging from sourcing, data collection and analysis, negotiation, accounting, risk management, project management, and many more. Needs Recognition– Needs are recognized at the department level […].

Purchasing 162

Purchasing Procurement Project management Risk management 162

IBM Supply Chain Blog

MAY 28, 2024

Virtually every organization recognizes the power of data to enhance customer and employee experiences and drive better business decisions. Yet, as data becomes more valuable, it’s also becoming harder to protect. What is a data protection strategy?

Data 81

Data Strategy Risk Real-time Visibility 81

Spend Matters

JANUARY 23, 2025

The momentum around this ‘best practice’ has been further accelerated by the marketing efforts of market intelligence companies selling data and even a few purpose-built software platforms to make these efforts more efficient and accurate. supplier count, event size).

Price 106

Price Negotiation supply chain software solutions Supply Chain Optimization 106

Procurement Insights

JANUARY 3, 2025

Analytics and insights from procurement data were minimal. 20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management.

Agile and Lean Supply Chain 52

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

Procurement Insights

APRIL 25, 2025

I can help procurement practitioners dramatically improve ProcureTech implementation timelines, ROI, supply chain resilience, risk management, tariff management, and overall implementation success. Heres how, with specific percentage impacts supported by recent data and case studies: 1.

Supply chain resilience 52

Supply chain resilience Supply Chain Optimization supply chain budgeting Risk management 52

Spend Matters

MARCH 25, 2025

Legal teams emphasize regulatory compliance, contract enforcement and risk mitigation. Suppliers and external partners contribute another layer of complexity, as they rely on procurement systems for seamless onboarding, data accuracy and operational efficiency.

Stakeholder engagement 96

Stakeholder engagement Management Procurement Influencing 96

Spend Matters

SEPTEMBER 19, 2024

See our Risk Management in-depth guide. Today Spend Matters is delighted to announce the release of its Fall 2024 SolutionMap and TechMatch SM procurement technology rankings, which include 93 procurement technology vendors. Look out for Spend Matters dedicated coverage of those over the next few months.”

Risk management 125

Risk management Procurement Risk Contract 125

Spend Matters

MAY 23, 2024

There are three key gaps that organizations and governments need to bridge to modernize their risk posture. From incomplete data aggregation to real-time data creation Regarding supply chain data, many organizations are still completely reliant on third-party data aggregators, registries or supplier surveys.

Risk 122

Risk Supply chain Risk management Supply 122

Spend Matters

APRIL 15, 2025

While some procurement leaders in the manufacturing and industrial sector have found data quality to be a major barrier to AI implementation along with poor integration across applications, they are combating these challenges by prioritizing agile development and tool deployment.

Real-time Visibility 72

Real-time Visibility Procurement e2e Supply Chain Efficiency 72

Spend Matters

MARCH 18, 2025

This is unequivocally the most granular data available on this rapidly growing market. Spend Matters has been covering the Intake & Orchestration market since its inception with vendor analyses and articles and is excited to showcase it in the Insider SolutionMap data comparison module. Data is refreshed every 6 months.

Procurement 92

Procurement Sourcing Contract Risk 92

Procurement Templates

DECEMBER 11, 2024

Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies. Automate supplier evaluation using real-time data.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

ivalua

JANUARY 29, 2021

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management.

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

Spend Matters

APRIL 4, 2024

Compliance and risk management is a growing and interesting use case of GenAI for procurement, finance and, of course, legal operations. Its uptake is only going to grow as organizations begin to rely on its power to tackle big business issues, such as third-party risk management (TPRM).

Real-time Visibility 112

Real-time Visibility Management e2e Risk management 112

SCMDOJO

FEBRUARY 16, 2025

From rule-based systems to predictive analytics and the generative AI boom, businesses have leveraged these technologies to optimize operations, forecast trends, and create data-driven strategies. They can proactively identify risks, optimize processes in real time, and even negotiate supplier contracts without human oversight.

Supply Chain Efficiency 57

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 57

Spend Matters

OCTOBER 3, 2024

The appetite for third-party risk management (TPRM) within procurement and the supply chain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. Read our analysis: Risk is complex — The different types and sources of risk.)

Risk 113

Risk Risk management Supply Chain Efficiency supply chain software solutions 113

Procurement Leaders

MAY 2, 2024

This made sense at the time, but it struck me more recently, while listening to a community Cohort Call on the topic of embedding data risk management into SRM, just how much has changed and how much more complex an environment CPOs are now having to manage.

Supplier relationship management 130

Supplier relationship management Risk management Sustainability Leadership 130