Spend Matters

NOVEMBER 19, 2024

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways.

Risk 113

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 113

ProcurePort

MARCH 23, 2021

In fact, the right risks, made with calculations and well-founded information, yield some of the best rewards. The post How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist appeared first on ProcurePort Blog.

Risk management 182

Risk management Risk Suppliers Management 182

SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. Click here!

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Spend Matters

SEPTEMBER 26, 2024

For this year’s Spend Matters Fall 2024 SolutionMap release – our comprehensive methodology designed to help organizations evaluate and select procurement solutions – we launched a new module: third-party (and supply chain) risk management (TPRM and SCRM).

Risk management 120

Risk management Risk Management Procurement 120

ProcurePort

NOVEMBER 10, 2023

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.

Risk management 130

Risk management Risk Import Management 130

Spend Matters

APRIL 15, 2025

As weve said: People, Process and Technology are the pillars of procurement transformation. So a large part of accelerating your procurement transformation process lies in strengthening roles and responsibilities. In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions.

Procurement 102

Procurement Category management Chief Procurement Officer Risk management 102

Spend Matters

JANUARY 7, 2025

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.

supply chain software solutions 117

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 117

Spend Matters

MAY 1, 2025

We continue our Procurement Transformation Guide with a look at implementing an e-procurement transformation. Procurement has moved beyond a transactional function. Many organizations attempt to digitize broken procurement workflows, which only accelerates inefficiencies.

Real-time Visibility 76

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 76

Supply Chain Brain

DECEMBER 20, 2023

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

Risk management 126

Risk management Risk Management Procurement 126

Spend Matters

SEPTEMBER 26, 2024

In business, potential risk lurks everywhere, and procurement professionals need to be aware of what is out there. However, even a dip into the risks procurement professionals face can leave readers drowning in a sea of terms, definitions and acronyms.

Risk management 117

Risk management Risk Management Sustainability 117

SCMDOJO

OCTOBER 28, 2024

Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies.

Procurement 95

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 95

Spend Matters

MARCH 25, 2025

Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. largely control procurements level of influence. However, the reality is that stakeholders, including budget owners, business units, etc.,

Stakeholder engagement 97

Stakeholder engagement Management Procurement Influencing 97

Spend Matters

MARCH 6, 2024

Artificial intelligence (AI) comes in many forms and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles, we explore the current state of AI in procurement technology. Today we cover the Risk Management market.

Risk management 113

Risk management Risk Management Procurement 113

Spend Matters

NOVEMBER 7, 2024

In this series of articles, we explain what these vendors offer, why they are likely to become future members of our “50 Procurement Providers to Watch” and “50 Procurement Providers to Know” lists and what challenges they may face. Get to know all the procurement tech providers that made our lists this year.

Risk management 114

Risk management Risk Suppliers Supply chain 114

Spend Matters

NOVEMBER 7, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Get to know all the procurement tech providers that made our lists this year. We are delighted to introduce you to our Future 5 as we capture their voices.

Supply Chain Efficiency 113

Supply Chain Efficiency Risk management Real-time Visibility Ethics 113

Procurement Freelancers

DECEMBER 17, 2024

Market uncertainties across the globe have transformed how businesses approach procurement practices. Sourcing consultants now… The post Risk Management Strategies From Leading Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

Risk management 98

Risk management Sourcing Risk Strategy 98

Spend Matters

FEBRUARY 5, 2025

Procurement has evolved from a back-office function to a strategic driver of innovation and value. Change management isnt a sidekick in this story; its the star of the show. Digitalization involves applying digital technologies to improve existing processes, like implementing e-procurement systems.

Procurement 115

Procurement Change management Strategy supply chain budgeting 115

Spend Matters

APRIL 10, 2025

As a result, many procurement and supply chain teams have built muscle memory around responding swiftly and decisively to regulatory changes. But even so, this latest test is a clear reminder that risks come from all angles, and not all of them can be forecasted.

Procurement 102

Procurement Raw materials Risk Supply chain 102

Spend Matters

DECEMBER 11, 2024

This article explains how this affects Procurement. The post Tariffs and Procurement (Part 2): Tariff management and building an action plan appeared first on Spend Matters. This content is for members only. Visit the site and log in/register to read.

Supply Chain Optimization 112

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 112

Procurement Tactics

NOVEMBER 23, 2022

33 Procurement Interview Questions in 2022. Corporate Social Responsibility in Procurement — Everything a Procurement Professional Should Know. However, what is its impact on procurement? . In this article, we will discuss what corporate social responsibility and sustainable procurement are.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Spend Matters

DECEMBER 2, 2024

This Spend Matters Vendor Analysis gives an overview of Aravo, a third-party risk management (TPRM) solution built to empower businesses to effectively manage risks, enhance accountability and protect themselves in a world where third-party engagements are both more critical and more scrutinized than ever.

Risk management 122

Risk management Risk Buyers Supply management 122

ivalua

JANUARY 8, 2023

What Lieferkettengesetz Means for Procurement? The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. 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

Spend Matters

APRIL 15, 2025

Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets. In short, AI is making manufacturing procurement faster, smarter and more resilient than ever.

Real-time Visibility 73

Real-time Visibility Procurement e2e Supply Chain Efficiency 73

Spend Matters

MAY 8, 2025

This article is part of our ongoing series on digital procurement transformation. Now, we turn to selecting the right procurement technology, a clearly essential step for a successful digital initiatives. In addition to external suppliers, procurement technology affects multiple stakeholders, including finance, IT and legal teams.

Procurement 63

Procurement Cost of ownership Stakeholder engagement Contract 63

Procurement Tactics

APRIL 5, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Business Drivers — Embracing Sustainability Sustainable procurement business drivers are the factors why many businesses embrace sustainability within their operations.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Spend Matters

MARCH 18, 2024

This Spend Matters Vendor Analysis provides an overview of Halo Ai and its solution for third party risk management. Third-party risk management (TPRM) is often an afterthought for organizations or a measure only taken after a risk event occurs. This content is for members only.

Risk management 117

Risk management Risk Management Supply chain resilience 117

ivalua

APRIL 23, 2020

Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. The May 5 th programme is open to everyone, while the 6 th is limited to current Ivalua customers. .

supply chain software solutions 46

supply chain software solutions Supply chain Procurement Supply 46

ProcurePort

OCTOBER 11, 2022

• The procurement process in any organization is a combination of several functions that require expertise ranging from sourcing, data collection and analysis, negotiation, accounting, risk management, project management, and many more. Needs Recognition– Needs are recognized at the department level […].

Purchasing 162

Purchasing Procurement Project management Risk management 162

Procurement Insights

JANUARY 3, 2025

It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years. Starting with the CFO, then the CIO, CEO, and The Board, here is the outline of changes in how top executives view procurement going forward in 2025. Key metrics were tied to cost reduction and spend under management.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Skill Dynamics

JANUARY 14, 2025

Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

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.

Procurement team 47

Procurement team Procurement supply chain software solutions Spend management 47

Procurement Insights

DECEMBER 11, 2024

EDITOR’S NOTE: I am under embargo regarding the advanced copy I received from ZIP with their Procurement Predictions for 2025. I have gone through the Procurement Insights archive of 2,410 posts from 2007 to today to provide what I believe will be a unique context explaining the evolution of predictions over the past couple of decades.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

Spend Matters

APRIL 16, 2025

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data. The success of the Procurement team at Utz Brands, Inc.,

Procurement 102

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 102

Procurement Tactics

SEPTEMBER 21, 2022

33 Procurement Interview Questions in 2022. Sustainable Procurement Requirements — The Ultimate Guide. Sustainable procurement requirements are closely tied to the company’s culture and policies. But what are the requirements to attain sustainable procurement? What is sustainability in Procurement? First Name.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency 178

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

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. Why Are They Important?

Management 178

Management supply chain budgeting Procurement Negotiation 178