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. Should smaller organizations stay in their lane and concentrate on day-to-day tactical sourcing?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

ivalua

JANUARY 8, 2023

For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. The new set of regulations add an additional layer of compliance and risk management to the procurement process. Further, it is essential that supplier management and data is holistic (i.e.,

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Supply Chain Game Changer

FEBRUARY 5, 2020

As we see from Deloitte’s CPO Survey in 2018, AI is only fully deployed in 2% of procurement organizations and is far from making any real impact at scale within the digital ecosystems procurement teams are so eagerly trying to build. AI + Data = Supply Chain Risk Management.

Risk management 73

Risk management supply chain software solutions Supply Chain Efficiency Data 73

ivalua

FEBRUARY 8, 2023

The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures. As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Procurement Templates

APRIL 15, 2024

Communicate Vision: Share the vision and objectives with the procurement team and stakeholders to gain buy-in and alignment. Stage 4: Process Improvement Days 31-40 Streamline Processes: Implement improvements to streamline procurement processes, reduce inefficiencies, and enhance compliance.

Procurement team 130

Procurement team Contract management Innovation Suppliers 130

Zycus Cognitive Procurement

DECEMBER 9, 2020

The pandemic has taught us supply chain professionals a precious lesson in supply chain risk management. Now that the situation is slowly moving towards normalcy, supply chain and procurement teams are under insurmountable pressure to monitor and mitigate supplier risks and compromise competitiveness closely.

Risk management 52

Risk management Risk Suppliers Management 52

Arkestro

SEPTEMBER 19, 2023

Resources / Blog / Autonomous Sourcing Leads to Better Procurement Outcomes Autonomous Sourcing Leads to Better Procurement Outcomes The only ubiquitous thing about sourcing and procurement in 2023 is that there is no one-size-fits-all model for success.

Sourcing 52

Sourcing supply chain budgeting Procurement Bidding 52

Procurement Leaders

MARCH 10, 2023

With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three. For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function.

Collaboration 147

Collaboration Supply chain Management Risk management 147

Procurement Templates

MARCH 6, 2024

So, here’s a breakdown of procurement personalities in the office if they were different fruits for you and your colleagues to debate what fits who! When procurement bear fruit who are you within the fruit basket? Their ability to maintain composure when things get hot makes them an indispensable part of the procurement team.

Procurement 130

Procurement Procurement team Negotiation Innovation 130

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

APRIL 12, 2022

Procurement plays a key organizational role by ensuring compliance with Third Party Risk Management (TPRM) requirements, optimizing spend value, and leveraging a network of innovative suppliers. The post 5 Top Tips: How to Increase Procurement Agility in Financial Services: appeared first on Ivalua.

Procurement 130

Procurement Procurement team Risk management Risk 130

ivalua

JANUARY 29, 2021

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70%

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

Spend Matters

JANUARY 31, 2023

Categories: Diversity , E-Sourcing , Procurement Strategy & Planning , Supply Risk Management Tags: sponsored post Stakeholders of all stripes want companies to do more when it comes to promoting sustainability and combating climate change; that includes investors, employees, customers and those in the community said business serves.

Procurement strategies 72

Procurement strategies Risk management Procurement team Risk 72

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. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Procurement Tactics

NOVEMBER 23, 2022

It includes easy access to capital and markets, increased profits, improved brand image, gaining more customers, and better decision-making and risk management processes. . What is Sustainability in Procurement? By working with procurement teams, companies can source external resources that may help achieve CSR initiatives. .

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. This is where category management in procurement emerges as a game-changer.

Category management 52

Category management Management Procurement Supplier relationship management 52

ivalua

OCTOBER 17, 2022

Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain software solutions 130

ivalua

JUNE 1, 2022

In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Navistar had already been developing a supply chain risk management program and were in the midst of executing digital transformation initiatives when the crisis hit.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Una

MARCH 30, 2023

Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges. The truth is, sourcing heroes can do more to shift stakeholder and supplier mindsets about the value the profession can bring to the organization. Great question!

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Spend Matters

JANUARY 2, 2024

After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems.

Risk 76

Risk Suppliers Raw materials Risk management 76

The Procuretech Podcast

APRIL 26, 2022

Sometimes, an end-to-end source-to-pay (S2P) solution that joins up the dots, and automates a lot of otherwise manual processes, can give a huge productivity advantage. The mid market has traditionally been underserved by procurement software, with tech companies typically going after large enterprise clients at their expense.

Sourcing 52

Sourcing Procurement team supply chain software solutions Procurement 52

Spend Matters

AUGUST 16, 2023

It’s an exciting, yet challenging, time for procurement teams. Economists expect interest rates and inflation to stay high this year, which increases the pressure on procurement to cut costs. Growing concerns over geopolitical risks and supply shortages are raising the expectations for supplier risk management.

Procurement 81

Procurement Procurement team Buyers Risk 81

ivalua

MARCH 31, 2020

REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. Learn more at www.ivalua.com.

Procurement team 47

Procurement team Procurement supply chain software solutions Spend management 47

Spend Matters

JANUARY 19, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Seth Catalli , Chief Revenue Officer at AI and autonomous sourcing leader Globality, Inc. There’s also the lure of what becoming optimized can do for your team’s perceived contribution to your organization.

Procurement solutions 91

Procurement solutions Procurement Sourcing Innovation 91

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? The answer lies in the powerful tool of spend analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

NOVEMBER 15, 2022

Procurement teams may talk about technology spend as an isolated category, but it actually encompasses a very broad range of products and platforms. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes David Campbell, the Co-Founder and CEO of Tropic. Latest Episodes from The Sourcing Hero Podcast.

Procurement team 98

Procurement team Spend management Risk management Purchasing 98

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Procurement Leaders

AUGUST 25, 2023

Advancing strategic procurement Reflecting the broad range of areas in which CPOs and their teams are being asked to produce results, leaders highlighted cost savings as their top strategic priority for 2024, closely followed by supply resilience and sustainability.

Strategic planning 130

Strategic planning Procurement Influencing Procurement team 130

Skill Dynamics

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning. This approach also helps with overall team development.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

ivalua

JUNE 16, 2021

What’s more, PwC found that the average investment in risk management among MENA companies was $1.5 As MENA organizations continue to move aggressively toward digital transformation, many are adopting eProcurement platforms, to digitize and automate routine, time-consuming tasks throughout the source-to-pay process.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

The Procuretech Podcast

JUNE 28, 2022

I’m talking to Dr. Wolfgang Schnellbächer from BCG, the author of a new book fresh off the presses - Profit from the Source: Transforming Your Business by Putting Suppliers at the Core. . Supplier-centric transformation and the future of procurement. Sales or sourcing? Why businesses need to shift their focus.

Sourcing 52

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

ivalua

MARCH 31, 2020

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.

Procurement 130

Procurement Procurement team supply chain software solutions Supply chain 130

Procurement Heads

APRIL 26, 2023

I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. And what are the roles and responsibilities the procurement function holds within your organisation and how do you split the function out?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. And what are the roles and responsibilities the procurement function holds within your organisation and how do you split the function out?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Spend Matters

OCTOBER 11, 2022

Now, procurement professionals are tasked with servicing the complex sourcing requests from numerous stakeholders addressing new regulatory compliance requirements to furthering their organization’s ESG commitments, to name a few. The solution to this conundrum is not a traditional S2P suite or best-of-breed application.

Procurement 73

Procurement Category management Procurement team Risk management 73

Arkestro

FEBRUARY 20, 2024

Resources / Blog / From Reactive to Proactive: How Predictive Procurement Reshapes the Industry From Reactive to Proactive: How Predictive Procurement Reshapes the Industry The procurement workload is expected to increase by 10.6% Procurement teams should also ensure alignment across all departments and stakeholders.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Procurement Supply Chain Efficiency 52