Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. Challenges of procurement risk management Why is procurement risk management so difficult?

Purchasing 52

Purchasing Risk Management Procurement 52

Empowering CPO

JULY 2, 2023

The procurement process, which involves sourcing and purchasing goods and services, plays a vital role in ensuring businesses operate efficiently and competitively. Yet, the intricacies of this process, especially in terms of supplier management, can present a myriad of challenges.

Risk management 40

Risk management Risk Suppliers Management 40

Strategic Sourceror

JUNE 21, 2022

How to create a strong risk management strategy. Train your team in risk awareness and build organizational habits around it Risk management is built from the ground up. Building the aforementioned organizational habits of risk management is just the start. Brought to you by the StrategicSourceror.

Risk management 52

Risk management Risk Strategy Supply chain 52

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Technological advancements are also rapidly changing the responsibilities of purchasing managers. . Now is a crucial time to re-evaluate the importance of purchasing in the overall organization strategy. Lack of visibility.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Procurement Templates

MARCH 7, 2024

A procurement playbook is a comprehensive document or set of guidelines that outlines the processes, procedures, best practices, and standards for managing procurement activities within an organization. It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

ProcurePort

AUGUST 15, 2022

• Vendor management is the sum of all activities a company undertakes to maximize the value of the relationship they have with its vendors. This includes but is not limited to listing probable vendors, comparing prices, quality checks, cost control, and risk management. The post What is Vendor Management?

Vendor management 130

Vendor management Management Risk management Quality 130

Procurement Tactics

MARCH 23, 2023

Digital platforms can help the source-to-contract process to be more manageable as it allows for automated bidding, digital purchase orders, online payments, and supplier collaboration. In this stage, you will need to issue an RFQ or RFP if you are sure to make a purchase and you know the specifics of what you want to buy.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Leaders

DECEMBER 9, 2022

Here, we talk to Luigi Ganazzoli, vice president of purchasing, about some of those challenges and what he and his team are doing to mitigate them. Our challenges are linked to digitalisation, risk management and inflation. Digital, risk management and relationship-building skills. Why are they so important?

Risk 130

Risk Suppliers Risk management Buyers 130

Procurement Leaders

MARCH 10, 2023

For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function. “We are not only focused on cost-reduction, but also added value when we talk about sustainability, innovation and risk avoidance.

Collaboration 147

Collaboration Supply chain Management Risk management 147

Procurement Leaders

JANUARY 16, 2023

“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. ” Leveraging long-standing risk management expertise.

Risk 246

Risk Management Risk management Strategic planning 246

Procurement Tactics

APRIL 5, 2023

As sustainability is a growing focus in the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. As a result, it future-proofs the company’s sustainable purchases and investments by integrating sustainable policies.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. However, high or unpredictable inflation can create economic instability and erode people’s purchasing power, leading to decreased consumer confidence and investment.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Spend Matters

APRIL 4, 2024

As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management. Halo Ai addresses third-party risk management problems by consolidating supplier data into one platform with the goal of becoming a one-stop-shop for TPRM.

Procurement 85

Procurement Risk management Raw materials supply chain software solutions 85

Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Spot Trading Spot trading involves the immediate and direct purchase or selling of a commodity, typically conducted within a short timeframe.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Procurement Tactics

JUNE 28, 2023

Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. Delivery and Logistics The status of goods and services purchased, such as their delivery timelines, transportation times, or receipt is monitored. The key elements are typically: 1.

Supply Chain Efficiency 178

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

Procurement Heads

FEBRUARY 9, 2023

The evolving role of procurement Procurement has come a long way from its traditional role of simply purchasing goods and services. Today, procurement professionals play a key role in managing supplier relationships, reducing costs, and ensuring the quality of goods and services.

Procurement 130

Procurement Strategic sourcing Strategic sourcing supply chain budgeting 130

Procurement Templates

APRIL 15, 2024

If all the procurement managers are operating within the same set of rules why are there different shades of grey when responses are dished out? Risk Appetite and Management Approach: Differences in risk appetite and risk management approaches can lead to varying views on procurement decisions.

Influencing 130

Influencing Negotiation Risk Innovation 130

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

Strategically measure purchasing performance Strategic measurement of purchasing performance is critical for any procurement department to succeed. This involves developing key performance indicators (KPIs) to measure performance and using data analytics to analyze purchasing data and identify areas for improvement.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

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. These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Procurement Tactics

MAY 30, 2023

What is a Procurement Manager? Procurement managers, also known as purchasing managers, supervise a company’s relationship with suppliers and the logistics of transportation. Procurement managers are responsible for overseeing the procurement activities of an organization.

Management 178

Management supply chain budgeting Procurement Negotiation 178

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships. Risk Management Strategies : Supplier qualification processes ensure reliability and quality. Strong contract negotiation helps manage risks. Diversifying suppliers avoids a single point of failure.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

ivalua

NOVEMBER 12, 2019

Backed by a powerful technology platform, the industry’s most-trusted methodology and a global team of domain experts, EcoVadis sustainability scorecards provide insight and engagement tools to mitigate risk, drive improvements and create value across 198 purchasing categories globally.

Risk management 20

Risk management Risk Management Real-time Visibility 20

Una

NOVEMBER 16, 2022

We’ve put together a quick reference guide that defines the concepts, explores the pros and cons of both options, and shows how a group purchasing organization (GPO) can help implement the best strategy for your business. Centralized procurement means that all goods and services for the company are purchased at the headquarters level.

Procurement 98

Procurement Purchasing Procurement team Supplier negotiation 98

Procurement Tactics

OCTOBER 18, 2022

It integrates departmental information into a single software platform for you to manage procurement and purchasing tasks. . Although it has business-wide applications, SAP Business One offers purchasing functions such as quotation requests, approvals, and good receipt purchase order updates.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

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. . The widespread neglect is linked to the practical challenges of purchasing goods and contracting services that align with CSR goals. .

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

NLPA (Next Level Purchasing Association)

APRIL 8, 2024

Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. Understanding Supply Chain Management (SCM) Supply Chain Management (SCM) refers to the broad oversight of the entire flow of goods and services, from the very beginning (raw materials) to the very end (reaching the customer).

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Logistics 52

Procurement Leaders

APRIL 6, 2023

So that is where we are having a much more active conversation within the organisation, and even talking to our development folks to see how we can embed risk management in the development of our product, the same with sustainability as well.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 130

Una

NOVEMBER 15, 2022

Do you have questions about group purchasing? Wondering how a group purchasing organization can help you save money, time, and effort? David Campbell on LinkedIn. Connect With Us. una.com | LinkedIn | Facebook | Twitter | Instagram | YouTube. Episode 89: Smoothing and Accelerating B2B Cash Flows with Chris Tsai. Get in Touch.

Procurement team 98

Procurement team Spend management Risk management Purchasing 98

NLPA (Next Level Purchasing Association)

FEBRUARY 2, 2024

Picture this: purchase orders taking days to process, hindering deliveries and frustrating vendors. Risk Management is Keeping You Up at Night: Inadequate supplier management can lead to quality problems and compliance risks. Process improvement is the answer!

Procurement team 52

Procurement team Procurement Collaboration Risk 52

NLPA (Next Level Purchasing Association)

NOVEMBER 16, 2022

NLPA designed the Supply Risk Ecosystem Framework to conceptualize supply landscapes regarding supply risks. The Supply Risks Ecosystem™ puts supply risks and the need for supply risk management into perspective. It is easy to fall victim to a siloed view of supply chain risks.

supply chain budgeting 52

supply chain budgeting Supply Risk management Risk 52

ivalua

OCTOBER 22, 2020

With employees increasingly expecting the purchase order process to be as simple as consumer-shopping, it is not just a matter of their productivity but also satisfaction. Procure-to-Pay Software mitigates financial risk. Procure-to-Pay Software mitigates financial risk.

supply chain software solutions 147

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 147

Procurement Leaders

AUGUST 25, 2023

While reducing general procurement roles as a percentage of headcount, the suggests leaders will increase the proportion of personnel in specialist data and digital, risk management and ESG roles. This represents the continuation of a shift seen in successive Procurement Leaders research reports in recent years.

Strategic planning 130

Strategic planning Procurement Influencing Procurement team 130

ivalua

DECEMBER 1, 2022

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.

Risk management 130

Risk management Risk Management Contract 130

ivalua

FEBRUARY 8, 2023

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. Flexibility: Another way to reduce risk is to build flexibility into your supply contracts.

Supply chain resilience 242

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

ivalua

JANUARY 30, 2023

Scope 3 emissions are the largest source of greenhouse gas (GHG) emissions for an organization–extracted from a wide range of activities–including purchased goods and services, waste disposal, capital goods, and business travel. This will ensure sourcing and purchasing decisions take emissions into account.

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

Scope 3 emissions are the largest source of greenhouse gas (GHG) emissions for an organization–extracted from a wide range of activities–including purchased goods and services, waste disposal, capital goods, and business travel. This will ensure sourcing and purchasing decisions take emissions into account.

Procurement 130

Procurement Category management Suppliers Data 130

NLPA (Next Level Purchasing Association)

OCTOBER 17, 2022

Continuous Improvement and Risk Management Systems have long been essential to realizing supply chain and organizational success. This is especially true at a time when organizations are preoccupied with ensuring reliable supply lines, cost reduction, risk mitigation, business continuity, and so on. . PDCA stands for: .

supply chain budgeting 52

supply chain budgeting Risk Agile and Lean Supply Chain Risk management 52