ivalua

APRIL 8, 2020

Convinced that their sizes and brands will attract suppliers anyway, they entrench themselves behind the gates of rigid procurement processes. This multi-channel strategy tailored to suppliers’ capabilities is what differentiates best-in-class from a peer group as a report from The Hackett Group reveals.

Suppliers 147

Suppliers Management Supply Chain Efficiency Innovation 147

Skill Dynamics

FEBRUARY 6, 2024

Supplier relationship management is a business strategy utilized by organizations to strategically build relationships with their suppliers that are mutually beneficial. Strategy development considers how best to communicate with the chosen suppliers around specific needs and solutions.

Supplier relationship management 59

Supplier relationship management Suppliers Supply Chain Efficiency Management 59

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Managing and optimizing a supplier’s performance is as essential as it is difficult.

Suppliers 55

Suppliers Management Quality Import 55

Procurement Tactics

APRIL 17, 2023

We will tell you about sustainable suppliers and how to select one. Additionally, we will share with you how to get a clear idea of your position within the market Once you are done reading this article, you will have a better knowledge of the role of sustainable suppliers to achieve sustainability within your procurement processes.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

HICX

AUGUST 17, 2023

Table of Contents What is Supplier Performance Management? What are the benefits of Supplier Performance Management? What is Supplier Performance Management? Supplier Performance Management is an organized framework that evaluates, tracks and optimizes suppliers’ performance.

Suppliers 52

Suppliers Management Supply Chain Efficiency supply chain budgeting 52

Una

MAY 9, 2024

The Importance of Aligning Values With Suppliers Aligning values with suppliers and the organization as a whole plays a pivotal role in establishing robust partnerships and driving success. In the past, organizations partnered with suppliers despite a misalignment in values.

Import 52

Import Suppliers Supply Chain Efficiency Ethics 52

IBM Supply Chain Blog

APRIL 11, 2023

As reflected in the IBM Impact Report , we are working hard to serve as an example for our industry peers, partners, and fellow leaders on how to build a positive impact by implementing technology ethics and committing to trust and transparency in our practices and products on a global scale.

Ethics 57

Ethics Data Risk Innovation 57

ivalua

JUNE 29, 2021

Supplier diversity programs are something many procurement professionals in the United States (U.S.) These programs are as familiar to procurement professionals as concepts like spend analysis or category management. businesses proudly maintain robust supplier diversity programs. have accepted as a key element of procurement.

Business strategy 162

Business strategy Suppliers Strategy Ethics 162

HICX

JANUARY 31, 2023

As social and environmental concerns grow, governments and related third parties are demanding, with regulatory backing, that businesses manage ethical supply chains. What can large organizations with complex supply chains do to help mitigate supplier risk? Read full article

Risk 52

Risk Suppliers Ethics Management 52

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? It should be considered an essential part of an organization’s wider risk management strategy. What are the benefits of supplier risk management?

Risk management 52

Risk management Risk Suppliers Management 52

Procurement Leaders

DECEMBER 9, 2022

Our challenges are linked to digitalisation, risk management and inflation. With risk management, we are revising our buying policies and introducing a digital risk management suite that covers all our risk dimensions – supply, financial, quality, ethical, and so on. Why are they so important?

Risk 130

Risk Suppliers Risk management Buyers 130

ivalua

JANUARY 8, 2023

The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. The new set of regulations add an additional layer of compliance and risk management to the procurement process.

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Empowering CPO

MAY 31, 2023

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Procurement Templates

MARCH 7, 2024

A procurement playbook is a comprehensive document or set of guidelines that outlines the processes, procedures, best practices, and standards for managing procurement activities within an organization. It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

supply chain software solutions 82

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 82

ivalua

SEPTEMBER 19, 2022

Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. For example, nearly half (43.9%) of CPOs responding to a recent survey by Ardent Partners indicated that they do not know what percent of their suppliers are high risk. Has past performance exceeded a threshold?

Risk management 130

Risk management Supply Chain Efficiency Risk Supply Chain Optimization 130

Procurement Tactics

AUGUST 17, 2022

Supplier Evaluation — Everything a Procurement Professional Should Know. A supplier’s evaluation is crucial in procurement. The evaluation helps the organization filter the potential suppliers to get the best partner for its business. However, how do organizations evaluate these potential suppliers?

Suppliers 130

Suppliers Procurement Quantity Price 130

Value Match

MARCH 2, 2023

Conduct thorough supply chain audits: Procurement professionals should conduct regular audits of their supply chains to ensure that the products they source are produced ethically and in compliance with local laws and regulations. Audits should also include checks for labour violations, harassment, and other forms of exploitation.

Ethics 52

Ethics Sustainability Supply chain Suppliers 52

Supply Chain Game Changer

NOVEMBER 11, 2021

What is Supplier Relationship Management (SRM)? Reliable supplier article and permission to publish here provided by Carol Trehearn. Your business is only as exceptional as the goods or services it offers, and to get exceptional products, the right supplier is a must. Compliance With Supply Chain Ethical Codes.

Quality 91

Quality Suppliers Supplier relationship management Ethics 91

Procurement Tactics

NOVEMBER 24, 2022

Responsible sourcing or ethical sourcing is an approach to sourcing and supply chain done by companies to consciously source and procure products or services for their operations in sustainable and ethical ways. This includes knowing their suppliers, how they operate, and what standards they abide by. .

Sourcing 193

Sourcing Ethics Sustainability Supply chain 193

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023.

Price 177

Price Suppliers Negotiation Quality 177

Empowering CPO

JUNE 27, 2023

This transformative practice enables organizations to delve deep into their purchasing data, gaining invaluable insights that can revolutionize their supplier relationship management (SRM) strategies. It acts as the catalyst that drives procurement excellence and organizational success.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Supply Chain Game Changer

FEBRUARY 25, 2020

Strategic Supplier Relationship Management – Do’s and Don’ts. Regardless of what industry your company is in you are dependent on suppliers to operate your company. Thus it makes sense to have a Supplier Relationship Management program. Suppliers move your goods from one point to another.

Supplier relationship management 87

Supplier relationship management Suppliers Management Supply Chain Efficiency 87

Procurement Tactics

APRIL 25, 2023

It involves selecting suppliers that meet the sustainable criteria or standards of your company, with the goal of promoting sustainable development and reducing negative environmental and social impacts. It also ensures that the suppliers are meeting your company’s sustainability standards and can help identify areas for improvement.

Sustainability 168

Sustainability Procurement Ethics Supply Chain Efficiency 168

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. It is a skill that needs a strategic approach and it is not something anyone can do.

Supplier negotiation 91

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 91

Empowering CPO

JULY 3, 2023

Introduction In the complex and fast-paced business world of today, Managed Procurement Services (MPS) have emerged as a key solution for enterprises seeking to streamline their operations, improve efficiencies, and achieve cost savings. This is where the need for innovative, strategic solutions comes into play.

Innovation 52

Innovation Strategy Procurement Management 52

Planergy

SEPTEMBER 8, 2022

How AP can improve relationships with your key suppliers. How better management in AP can give you better flexibility for cash flow management. Supplier Performance Management: How and What To Measure. Best Practices & Tips Supplier Performance Supplier Relationship Management. Written by.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Procurement Templates

APRIL 15, 2024

Stage 3: Build Relationships Days 21-30 Supplier Engagement: Identify key suppliers and initiate relationship-building activities, including meetings and performance reviews. Contract Management: Review and standardize contract management processes to improve compliance and reduce contractual risks.

Procurement team 130

Procurement team Contract management Innovation Suppliers 130

HICX

JULY 14, 2022

For example, according to a recent Deloitte study , 45% of Gen Z consumers stopped purchasing certain brands because of ethical or sustainability concerns. The intersection of ESG and Supplier Experience Management. This is where ESG and Supplier Experience Management intersect.

Suppliers 52

Suppliers Supply Chain Efficiency Management Sustainability 52

Una

MARCH 19, 2024

Don't Get Duped by Supplier "Washing" Tips sourcing professionals can use to identify and avoid certain corporate and supplier washing practices as part of their ESG strategy. Your organization is committed to sourcing products from suppliers who walk the talk when it comes to environmental, social, and governance (ESG) practices.

Suppliers 52

Suppliers Sustainability Procurement Sourcing 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

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

Procurement Tactics

MAY 2, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Contracts — Embracing Sustainability in Procurement Sustainable contracts allow companies to oblige their suppliers to practice sustainable and ethical practices once they sign them.

Sustainability 181

Sustainability Contract Procurement Negotiation 181

Procurement Leaders

MAY 30, 2022

Like an increasing number of companies, property services giant CBRE recognises the value of using procurement to drive social impact through spending with diverse suppliers and social enterprises. Zurich Insurance Procurement approach.

Suppliers 130

Suppliers Influencing Procurement team Procurement 130

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Proactive risk management prevents major losses.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Procurement Templates

JUNE 18, 2023

His expertise in managing complex supply networks has played a crucial role in Apple’s success. She has focused on streamlining processes, fostering supplier relationships, and driving innovation in the automotive industry. Attend workshops, seminars, and conferences related to procurement and supply chain management.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147