Zycus Cognitive Procurement
DECEMBER 9, 2020
The pandemic has taught us supply chain professionals a precious lesson in supply chain risk management. The supply disruption triggered in China sent shock waves all around and shut down the global economy. The increased complexity of supply chains and global nature has expanded the scope of supply chain risk management.
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.
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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.
Spend Matters
JULY 24, 2023
It’s also unsurprising to see that under the current risk environment, 80% of CPOs cite Enhancing Risk Management as a business priority, shooting ‘supply risk analytics’ up the priority agenda, from 35% in 2021 to 51% today. Category management is the core engine for scaling processes.
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.
IBM Supply Chain Blog
FEBRUARY 13, 2024
Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. And global sourcing provides businesses with access to less expensive resources in low-cost regions. Strategic sourcing can help mitigate some of that stress by reducing potential risks associated with supplier relationships.
Empowering CPO
JUNE 30, 2023
The Need for Outsourcing Procurement Services Managing procurement in-house can pose a host of challenges for businesses. The complexities of global sourcing, the need for specialized knowledge and skills, the demands of compliance and risk management, and the pressure to achieve cost savings and efficiency can be daunting.
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