World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

The following are examples of strategic sourcing use cases: Transparency and traceability From fast fashion to fluorite, consumers and stakeholders are keyed into product provenance—expecting brands to uphold ethical, responsible sourcing practices. And from that group, 71% would pay a premium for it.

Strategic sourcing 87

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 87

Empowering CPO

JULY 5, 2023

However, as businesses recognized the strategic value of procurement in achieving their broader objectives, the role of managed procurement services providers also started to evolve. It’s about being able to navigate the complex landscape of global sourcing, regulatory compliance, risk management, and more.

Management 52

Management Procurement Real-time Visibility Ethics 52

ivalua

MAY 9, 2023

Disruptions, ethical and compliance risks are more likely to occur deep in your supply chain. Some suites have embedded MDM capabilities that can unify data across the enterprise and fix issues at the source. That ensures accuracy, timeliness and better accessibility regardless of where a user is working.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Collaboration Supply Chain Efficiency 130

Claritum

JUNE 13, 2019

Cost (value) management. Corporate Social Responsibility (including Ethical, green and sustainable supply). Risk Management. Identifying current and future critical supply chain risks and mitigating these (government, financial and environmental impacts on supply for example). Market Intelligence. Points as above.

Procurement 32

Procurement Supply Chain Efficiency Raw materials supply chain software solutions 32