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.
ivalua
MAY 18, 2022
When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Gain control of your supplier data.
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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.
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.
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. These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices.
IBM Supply Chain Blog
FEBRUARY 13, 2024
For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. 3 Building a viable and sustainable ecosystem of partners is complex.
Spend Matters
JULY 24, 2023
Happily, nearly all CPOs in the survey understand the power of digitization and cite it as the second most important priority after (unsurprisingly) supplier collaboration. Category management is the core engine for scaling processes.
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