Una

AUGUST 31, 2023

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. The unique challenges of SME procurement Small businesses often find themselves facing a unique set of challenges.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Una

APRIL 13, 2023

When Supplier Negotiations Come to a Standstill Episode 101: Maximizing the Value of Strong Supplier Partnerships with Juli Lassow How to Improve Strategic Supplier Relationship Management Risk management Identify and mitigate risks such as supply chain disruption, quality issues, and reputational risks.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Una

APRIL 25, 2023

Compliance and risk management Procurement professionals also need to ensure that their organization is compliant with regulations and that they manage risks effectively. This involves vetting suppliers, conducting due diligence, and ensuring that all contracts are compliant with relevant regulations.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

Una

JUNE 15, 2023

The CPO is supported by strategic sourcing managers, category managers, buyers, analysts, contract managers, a compliance officer, an SRM manager, and others as new roles emerge. Company B’s procurement team looks very different. Challenges of procurement outsourcing But (there’s always a but!)

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What to Do About It Consult with your legal team if there’s any doubt about an action the company or a representative may take. The procurement team must always evaluate environmental risks created by contractors and suppliers.

Risk 52

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

Una

NOVEMBER 29, 2023

Strategic sourcing Invest in strategic sourcing by thoroughly analyzing your organization’s procurement needs and identifying opportunities for cost savings, quality improvements, and risk mitigation. Develop contingency plans and strategies to safeguard your organization’s procurement operations.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Una

OCTOBER 31, 2023

Change champions can come from various levels and departments, not just within the procurement team. How to Improve Stakeholder Relationships in Procurement How Procurement Can Build Better Relationships With Internal Stakeholders Change Management in Procurement 5.

Change management 52

Change management Management Procurement Leadership 52

Una

FEBRUARY 22, 2023

They’re hired by an organization, for example, to build a procurement process from scratch, nurture it until it’s functioning smoothly, then move on to the next greenfield opportunity. Creating a procurement function out of nothing may sound like a daunting task to some.

Strategy 52

Strategy Purchasing Supply Chain Efficiency Supplier consolidation 52

Una

JUNE 8, 2023

The fact is that procurement teams can only do so much. For example, you spend a significant amount on facilities maintenance, but if your chosen supplier suddenly went bankrupt, this would probably not cause a major headache for the organization or the procurement team. appeared first on Una.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

The Procuretech Podcast

APRIL 26, 2022

Their sourcing module goes right through to offer auctions, as well as basic contract management functionality. There are also additional applications covering supplier and risk management, as well as the catalogues and e-procurement functionality associated with the traditional full stack P2P offerings. Stay in touch!

Sourcing 52

Sourcing Procurement team supply chain software solutions Procurement 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. And to keep on top of industry movements, sign up to our weekly newsletter. The next PSI takes place in Autumn — keep an eye here for details.

Procurement strategies 89

Procurement strategies Innovation Strategy Procurement 89

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. The procurement team consists of 40 buyers, around half of them based in the bank’s Casablanca headquarters.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Una

JULY 18, 2023

A Snapshot of Supply Chain Technology How to Improve Procurement Efficiency Tips for Building an Effective Procurement Data Strategy 4. Master data analytics Data is the new gold, and procurement professionals need to become skilled data miners. Take the time to understand how to get the most from procurement AI.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Sustainability 52

Planergy

JANUARY 19, 2024

Vendor analysis is crucial for risk management. As a procurement professional, you know the importance of ensuring that all materials and services delivered by vendors meet or exceed your standards for quality and performance. Taking your time throughout the process ensures you get the best possible match.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Una

JUNE 6, 2023

Perhaps there are colleagues on your procurement team who prefer to pretend it doesn’t exist. Everyone, in every role, at every level of the organization, has access to this free tool, and it’s fascinating to watch how people are reacting to it.

Procurement 52

Procurement Negotiation Suppliers Strategy 52

Una

JUNE 6, 2023

Perhaps there are colleagues on your procurement team who prefer to pretend it doesn’t exist. Everyone, in every role, at every level of the organization, has access to this free tool, and it’s fascinating to watch how people are reacting to it.

Procurement 52

Procurement Negotiation Suppliers Strategy 52

The Procuretech Podcast

JUNE 28, 2022

In particular, Wolfgang says that he enjoys expanding the mandate for procurement for wider value generation, using technology. I ask Wolfgang about common mistakes in how organisations manage their procurement teams internally. What does Wolfgang think a procurement team of the future looks like?

Sourcing 52

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

Planergy

SEPTEMBER 8, 2022

This will go a long way with risk management. Regular supplier evaluation is vital for procurement teams. You’ll also be subscribed to our email newsletter and notified about new articles or if have something interesting to share. Be as specific as possible in setting these objectives and expectations.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Una

MAY 25, 2023

How to identify procurement risks There’s no one-size-fits-all approach to procurement risk management. Risks vary dramatically in nature, so your response will need to be tailored to suit every scenario. Challenges of procurement risk management Why is procurement risk management so difficult?

Purchasing 96

Purchasing Risk Management Procurement 96

Una

MAY 25, 2023

How to identify procurement risks There’s no one-size-fits-all approach to procurement risk management. Risks vary dramatically in nature, so your response will need to be tailored to suit every scenario. Challenges of procurement risk management Why is procurement risk management so difficult?

Purchasing 52

Purchasing Risk Management Procurement 52

Arkestro

MARCH 8, 2024

He is helping procurement teams recognize the benefits of machine learning and game theory to help drive their best buying decisions and increase savings. “In In procurement, we hear a lot about ‘increasing the amount of spend under management,’” says Rob. Learn more at [link].

Demand 52

Demand Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency 52

Una

APRIL 9, 2024

Additional benefits of partnering with a GPO include: Supply chain management assistance: GPOs provide valuable cost-avoidance solutions when trying to manage the purchasing and negotiation process with suppliers. This frees up valuable time and resources for businesses to focus on their core competencies.

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

Planergy

APRIL 19, 2023

Automation can route invoices to the appropriate team member, and Planergy allows “Out of Office” settings that allow another user to temporarily step in with the same user permissions to keep things running smoothly while someone is on vacation or out on leave. download a free copy of our guide 3.

Purchasing 52

Purchasing Suppliers Contract Risk 52

The Procuretech Podcast

DECEMBER 21, 2021

In reality, many corporate procurement teams tear their hair out with inefficient, Excel-based processes that take weeks to add new vendors into their system. Don't worry, we'll find a way around procurement". Be it ERP systems, e-sourcing tools, P2P software or risk management solutions. Stay in touch!

Management 40

Management Suppliers Data Risk 40