Spend Matters

DECEMBER 19, 2023

Companies that are not as prepared for additional ethical, anti-bribery/anti-corruption, and sustainability regulations will have to quickly adapt or risk being left behind. Access Spend Matters dedicated ‘Artificial Intelligence in Procurement’ page for more AI insights. Read Spend Matters series on forced labor and regulations here.

Procurement solutions 89

Procurement solutions Procurement Ethics Risk 89

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 85

Procurement solutions Procurement e2e Real-time Visibility 85

Spend Matters

JANUARY 16, 2024

As costs continue to spiral upwards and supply chain disruptions become the new norm, procurement leaders must grapple with the dual responsibility of achieving cost savings while considering broader strategic initiatives, such as risk management, sustainability and nurturing vital supplier relationships.

Procurement solutions 83

Procurement solutions Procurement Spend management Supply Chain Optimization 83

Empowering CPO

JULY 2, 2023

Our vision is to empower businesses through strategic, innovative, and efficient procurement solutions, tailored to meet the unique needs of each client. One of the key areas we focus on is enhancing supplier risk management through our managed procurement services. This is where our blog post comes in.

Risk management 40

Risk management Risk Suppliers Management 40

Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. The risks of errors and bottlenecks alone in manual work make procurement a superb place to begin a digital transformation.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Spend Matters

JANUARY 8, 2024

For granular analysis and comparisons of procurement technology solutions, subscribe to Spend Matters Insider. The post New Year Insights for the procurement solutions and services marketplace 2024: INVERTO appeared first on Spend Matters.

Procurement solutions 73

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 73

Spend Matters

APRIL 4, 2024

In this quarter, the Spend Matters analyst team builds on this foundation by giving an overview of how vendors have implemented GenAI in their solutions. As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management.

Procurement 85

Procurement Risk management Raw materials supply chain software solutions 85

The Procuretech Podcast

OCTOBER 12, 2021

Hot Digital Procurement and Supply Chain Startups in the ESG and Risk Management Space. On this episode, we’re looking at startups whose mission is solving problems in the rapidly growing and increasingly important ESG and Risk Management area. Next up is Harald Nitschinger, CEO of risk management solution Prewave.

Risk management 40

Risk management Risk Supply Chain Efficiency Management 40

Spend Matters

AUGUST 29, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the development of dark web monitoring as a tool in cyber supply chain risk management. Even in the 7-part risk series published last year , cyber risk is treated as a smaller category of risk.

supply chain software solutions 94

supply chain software solutions Risk management Risk Supply chain 94

Spend Matters

MARCH 5, 2024

Since then, many procurement professionals have subscribed to Spend Matters Insider and TechMatch℠ to gain access to deeper data cuts and vendor intelligence to drive procurement technology selection decisions. Freely access Spend Matters TechMatch to directly assess and compare the capabilities of digital procurement solutions.

Procurement 110

Procurement Sourcing Risk management Ethics 110

Spend Matters

MARCH 25, 2024

We recently spoke with Stuart Brock , founder and President of startup iKinetiq Innovation Solutions which helps procurement functions design the right strategy to optimize processes, gain deeper insights, and enable data-driven risk management with a focus on using AI technologies responsibly.

Procurement contracts 114

Procurement contracts Contract Procurement Negotiation 114

Spend Matters

JANUARY 11, 2023

The solution’s flexibility extends to other use cases like category management and innovation which benefit from capturing relevant news and information, thus setting Owlin apart from other SxM/Risk Management solutions. is important, but the volume of news produced makes that a challenge.

Risk 73

Risk Data Category management Risk management 73

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

Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Procurement Tactics

JUNE 28, 2023

Compliance and Risk Management Throughout the procurement process, monitoring compliance with the applicable legislation and regulations is crucial. This includes checking standards of ethics, legal requirements, supplier diversity, and minimizing any risk that may arise in connection with the procurement activities.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Spend Matters

JUNE 19, 2023

Click to enlarge Contract Lifecycle Management plays a crucial role in organizational risk management. Whether through identifying risks present in existing contracts or proactively avoiding risks in the negotiation/authoring process, vendors use a variety of different techniques for risk management.

Contract 91

Contract Management Negotiation Real-time Visibility 91

Empowering CPO

MAY 5, 2023

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Real-time Visibility 52

Empowering CPO

JUNE 30, 2023

We understand that behind every procurement decision, there’s a team of individuals striving to make the best choices for their business. That’s why we go beyond providing top-tier procurement solutions to focus on empowering these individuals with the knowledge, skills, and tools they need to excel.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Zycus Cognitive Procurement

SEPTEMBER 16, 2022

The theme of the discussion was how supplier risk management is one of the most sought solutions out there. We also discussed how it can be achieved by digitally transforming the sourcing process of an organization by using next-gen procurement solutions. Risk Management.

Procurement 52

Procurement Agile and Lean Supply Chain Sustainability Supply Chain Efficiency 52

Zycus Cognitive Procurement

JANUARY 12, 2021

Start by getting the most out of your spend analytics solution. While small companies rely on home-grown tools and larger organizations use legacy ERP-based spend analytics solutions, they realize the need for a dedicated procurement solution only after such tools have either reached a stage of saturation or failed.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier risk is always there, but using various risk management strategies can help you minimize the impact. You can integrate systems in various ways, but the more you integrate and customize, the higher your risk.

Risk 52

Risk supply chain software solutions supply chain budgeting Supply Chain Efficiency 52

Empowering CPO

JULY 17, 2023

Introduction to EmpoweringCPO and How Our Services Fit Into This Landscape EmpoweringCPO is at the forefront of this procurement revolution. We are a dedicated procurement services company that specializes in delivering tailor-made managed procurement solutions.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Zycus Cognitive Procurement

FEBRUARY 2, 2021

Supplier Risk Management. From a risk management and vaccine distribution point of view, the supply chain will continue to be a CXO priority as we step into 2021. From a risk management and vaccine distribution point of view, the supply chain will continue to be a CXO priority as we step into 2021.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Contract management Contract 52

Empowering CPO

JULY 17, 2023

By taking on the complexities of procurement, these services allow businesses to focus on their core competencies, while reaping the benefits of optimized supply chains, cost savings, and improved vendor relationships. Without streamlined processes and advanced technologies, internal procurement can be time-consuming and costly.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Empowering CPO

JULY 2, 2023

Traditionally, procurement was seen as a tactical, back-office process, primarily focused on buying goods and services at the lowest possible cost. However, with time, the function evolved, incorporating strategic elements such as supplier relationship management, risk management, and sustainable sourcing.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

Supply Chain Game Changer

JANUARY 21, 2021

Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management. When looking at risk management, category management, and information sharing, that number is as high as 70% ( Bain & Company 2018 ). Is Procurement drowning in data?

Data 85

Data Procurement Supply Chain Efficiency Procurement team 85

Empowering CPO

JULY 3, 2023

Technologies such as artificial intelligence, blockchain, and robotic process automation can significantly streamline procurement processes, from supplier selection and contract management to order processing and invoice approval. At EmpoweringCPO, we leverage these technologies to deliver efficient and effective procurement solutions.

Innovation 52

Innovation Strategy Procurement Management 52

Arkestro

DECEMBER 12, 2022

According to McKinsey , companies can minimize supply chain disruption through “greater visibility, rigorous risk management, and newer technologies that help companies better anticipate and respond to shocks.”. Managing Supplier Relationships. Predictive Procurement: Solutions for Health and Pharma.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Empowering CPO

JULY 17, 2023

EmpoweringCPO: Driving Procurement Excellence At the forefront of this procurement evolution stands EmpoweringCPO, a dedicated procurement services company committed to delivering bespoke managed procurement solutions.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

Spend Matters

MARCH 11, 2024

Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. A continued lack of recognition by procurement around adoption.

Procurement strategies 96

Procurement strategies Innovation Strategy Procurement 96

Empowering CPO

JULY 5, 2023

Strategic Focus: With the procurement process in the hands of specialists, businesses can refocus their internal resources on core strategic objectives and growth initiatives. With paper-based systems, the procurement cycle was long, supplier data was disorganized, and visibility into procurement operations was limited.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Zycus Cognitive Procurement

DECEMBER 16, 2022

There is an incessant need for going beyond “some-what digital” to “truly digital” operations for business continuity, risk management, and operational excellence. Next-Gen Procurement technologies are driving significant changes in how businesses operate and undertake procurement.

supply chain budgeting 40

supply chain budgeting Chief Procurement Officer Procurement Supply Chain Efficiency 40

Spend Matters

JUNE 19, 2023

Supplier risk management Capacity to manage supplier risk (identify, assess, mitigate, monitor). Click to enlarge The average vendor supports risk assessments via dedicated KPIs. For more information on procurement tech, services and vendors consult Spend Matters comprehensive free directory.

Suppliers 81

Suppliers Collaboration Buyers Supply Chain Optimization 81

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

Jaggaer

OCTOBER 22, 2020

In our poll, webinar participants saw business partnering, supplier innovation and collaboration, and supply chain risk management as their key areas of focus for procurement. Attijariwafa’s senior leadership asked Taghrichte to put together a business case for the implementation of an electronic procurement solution.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52