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Managing risks, priorities and talent: Nestlé’s approach to the polycrisis

Procurement Leaders

But they all come, to me, under the category of risk. “The last couple of years have really shown businesses the value of procurement – and not just as a purchasing function/PO function, but the strategy of procurement and the value we bring in managing risk,” she says. ” Stroup says.

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What is the importance of risk management to procurement?

ProcurePort

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. appeared first on ProcurePort Blog.

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Using Supplier Management Software to Manage Supplier Risk

ProcurePort

Supplier Management Software: Supplier Risk: Effective supplier management is critical to the success of any business. As organizations grow, managing a growing number of suppliers can become increasingly complex.

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Meet AI in Risk Management

Spend Matters

Today we cover the Risk Management market. 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. Coupa, ebidtopay, Forestreet, GEP, Interos, Prevalent, Inc.,

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.

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Risk Management in the Procurement of Innovation

ProcurePort

This is the origin of risk in any procurement process. The challenge for managers is to identify the risk for all parties involved and quantify it. The post Risk Management in the Procurement of Innovation appeared first on ProcurePort Blog.

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How Supply Chain Organizations are Leveraging Data Analytics to Improve Risk Management

Supply Chain Brain

Supply chain organizations that prioritize safety and risk management through data analytics, telematics, and newer equipment position themselves as competitive leaders.

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GEP Spend Category Outlook 2023 Report

What are the risks for procurement in 2023? Read the GEP Spend Category Outlook 2023 report now to build successful spend management strategies across 22 indirect & direct categories. What should leaders do to deliver value amid uncertainties?

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GEP Spend Category Outlook 2024

Your Roadmap to Smarter Spend Management in 2024 Geopolitical, economic and supply chain challenges will stick around in 2024, but don’t despair. This must-read annual report informs procurement and supply chain leaders of the types of risks to expect and their levels of impact.

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The Definitive Guide to Spend Management

It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Download this guide to learn more!

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TMS+: Go Beyond Transport to Optimize Cost, Service, & Resiliency

The "TMS+" approach is more than a standalone Transportation Management System (TMS). It’s a supply chain execution technology that recognizes companies today operate as multi-party ecosystems, and that transport management activities are just one component of high-functioning supply chains.

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Building Supply Chain Resilience in the Real World

Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC

Global inflation is at record highs and the Great Resignation has given way to the Great Reshuffling, leading to uncertainty in talent markets. What will 2023 bring? Time will tell, but it is unlikely to be a return to the pre-pandemic normal.