Fraxion

MARCH 11, 2024

How automated purchasing software can boost efficiency and reduce costs With efficiency, cost control, risk management, and strategic decision-making top-of-mind, business leaders are placing increasing emphasis on optimizing purchasing processes.

Purchasing 40

Purchasing Risk management Innovation Risk 40

ivalua

SEPTEMBER 7, 2022

Working with Ivalua, the company’s objective is to go toward a unified, global purchasing solution. Managing suppliers effectively by identifying potential risks and monitoring their performance is becoming increasingly challenging and, at the same time, critical for businesses in the current economic and geopolitical context.

Purchasing 130

Purchasing Suppliers Raw materials Management 130

Una

APRIL 18, 2023

Pain Points in Procurement Series How Procurement Can Risk-Proof an Organization During a Recession Five steps procurement can take to risk-proof an organization against the impacts of a looming economic recession. So, how can procurement risk-proof an organization during a recession without squeezing suppliers?

Risk 98

Risk Procurement supply chain budgeting Supply Chain Optimization 98

Una

SEPTEMBER 14, 2022

Episode 82: Winning at the Game of Risk with Rohit Hajela. As a result, risks from cybersecurity and ransomware are increasing – as are the costs and business implications associated with them. Do you have questions about group purchasing? By Kelly Barner | September 14, 2022. Highlights. Contact us to learn more. .

Risk 119

Risk Vendor management Purchasing Product development 119

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. Risk management and mitigation.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Una

APRIL 18, 2023

EPISODE 111 Taking Intelligent Risks with Mark Trowbridge By Kelly Barner | April 19, 2023 We’ve all been mired in years of paralyzing risk and disruption… but could risk taking be just what this moment calls for? Yes – as long as the risks are “intelligent risks.”

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Una

OCTOBER 20, 2022

Vendor Management and Mitigating IT Supplier Risk. Cost savings will always be on the plate, but vendor managers are now managing risk from a governance and compliance perspective. The risks of ineffective IT vendor management. It’s a huge challenge, [considering that you are also] open to compliance and privacy risks.”

Vendor management 97

Vendor management Risk Suppliers Management 97

NLPA (Next Level Purchasing Association)

SEPTEMBER 18, 2023

The last decade has yielded many events, forces, and elements in which a greater concern and scrutiny of the concept of Vendor or Supplier Risk Management has risen. At the forefront are driven for Cost Reduction, Top Line Growth, and Competitive Advantage.

Risk management 40

Risk management Risk Management Purchasing 40

Una

MAY 18, 2023

Procurement Fraud: Understanding, Mitigating, and Monitoring the Risks Understanding the nature of procurement fraud, why it poses a strong risk in procurement, and ways to mitigate the consequences. Procurement fraud is a significant risk that can have severe consequences for organizations.

Risk 98

Risk Procurement Bidding Suppliers 98

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Una

SEPTEMBER 5, 2023

Addressing the Possible Risks Associated with GPOs Answers to common questions about the risks associated with GPOs and how working with a group purchasing organization can empower procurement. That said, s ometimes a company’s purchasing needs require plans that go beyond out-of-the-box setups.

Risk 52

Risk Purchasing Procurement strategies Contract 52

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. Strategic Investments Target Risk Reduction. What was the impact of Covid-19 on digitization?

Risk management 130

Risk management Risk Supply Chain Efficiency Management 130

TYA Suite

DECEMBER 16, 2022

You may have seen people use procurement and purchase interchangeably. Now, how do you differentiate procurement vs purchase these terms? To differentiate these terms, you need to understand the definition of procurement and purchase these terms. Now, let's look at the key differences between procurement and purchase.

Purchasing 52

Purchasing Procurement Eprocurement Cost of ownership 52

ivalua

JUNE 10, 2020

Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. A reliable supply chain can decrease purchasing and production costs for manufacturers and sellers. From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks.

Risk management 147

Risk management Risk Suppliers Management 147

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. Successful sales during this period come down to many factors.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Inventory 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. Successful sales during this period come down to many factors.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Inventory 52

Pipefy

JANUARY 31, 2023

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Procurify

MAY 12, 2022

Many people use the terms procurement and purchasing interchangeably. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. What is purchasing? For example, by creating and fulfilling purchase orders and arranging payment for goods. Before we begin.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Supply Chain Game Changer

MAY 11, 2021

Small business risks article and permission to publish here provided by Jean Nichols. Before we start with risks, if you want to know about a platform that can help you with risk free trading then you should register yourself on this app and start simple trading. Accepting Cryptocurrencies Comes with Certain Risks.

Risk 94

Risk supply chain software solutions Networking Purchasing 94

Una

MAY 18, 2023

Procurement Fraud: Understanding, Mitigating, and Monitoring the Risks Understanding the nature of procurement fraud, why it poses a strong risk in procurement, and ways to mitigate the consequences. Procurement fraud is a significant risk that can have severe consequences for organizations.

Risk 52

Risk Procurement Bidding Suppliers 52

Procurement Templates

MARCH 7, 2024

It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services. 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.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

HICX

JANUARY 31, 2023

What can large organizations with complex supply chains do to help mitigate supplier risk? It also can damage business reputation; a recent Deloitte study reveals that 45% of Gen Z consumers stopped purchasing certain brands because of ethical or sustainability concerns. Read full article

Risk 52

Risk Suppliers Ethics Management 52

The Procuretech Podcast

JULY 11, 2023

In this episode of the Procuretech Podcast, host James Meads is joined by a multiple published author, procurement training business owner and SaaS entrepreneur - Jonathan O'Brien, CEO of Positive Purchasing. Sustainability, supply chain risk, digital transformation and visibility. Conversations with procurement and sales teams.

Purchasing 40

Purchasing Category management Procurement supply chain budgeting 40

Supply Chain Game Changer

MAY 10, 2021

Bitcoin risks article and permission to publish here provided by Jean Nichols. The other possible heists of interest are illegal internet and foreign black markets —where individuals purchase and sell illicit drugs, illegally obtained products, and counterfeit services, as well as outlawed commodities and services. Subscribe Here!

Risk 69

Risk supply chain software solutions Supply Chain Efficiency Purchasing 69

Planergy

JANUARY 26, 2023

The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality. Financial Risks Risks in this category range from an unexpected change in the exchange rate to supplier bankruptcy.

Risk 52

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

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. . Step 6: Repeat this process.

supply chain budgeting 52

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

Strategic Sourceror

JUNE 21, 2022

We're living in a time of near unprecedented uncertainty in the modern era and the risk it brings to supply chain management is immense. 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.

Risk management 52

Risk management Risk Strategy Supply chain 52

Procurement Software

MARCH 11, 2022

Every business will have irregular spend, usually in the form of one-time, non-repeatable purchases. Reduce costs and risk: Tackling free text purchase orders or after-the-fact POs. Before we tackle what these are and why they’re bad, let’s quickly look at the 3 main types of purchase order your organisation typically has.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Procurement Software

MARCH 11, 2022

Every business will have irregular spend, usually in the form of one-time, non-repeatable purchases. Reduce costs and risk: Tackling free text purchase orders or after-the-fact POs. Before we tackle what these are and why they’re bad, let’s quickly look at the 3 main types of purchase order your organisation typically has.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Procurement Leaders

MARCH 10, 2023

Risk has become an increasingly important focus for Stockholm-headquartered consumer goods giant Electrolux, which has thousands of Tier-1 suppliers. 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 Tactics

SEPTEMBER 9, 2022

In the review, he argued that the supply items should be mapped against two key dimensions which are risk and profitability. The purpose of why he created the Matrix was to help companies in maximizing supply security and reduce costs by using most of their purchasing power. Leverage items have high profitability but a low-risk factor.

supply chain budgeting 130

supply chain budgeting Purchasing Risk Market analysis 130

Procurement Tactics

JUNE 28, 2023

It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. The key elements are typically: 1.

Supply Chain Efficiency 178

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

Procurement Tactics

MAY 30, 2023

Procurement managers, also known as purchasing managers, supervise a company’s relationship with suppliers and the logistics of transportation. They manage the sourcing and purchasing of goods and services that the organization requires to operate effectively. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

ivalua

JANUARY 31, 2023

This puts the Procurement function in a central role towards establishing a transparent emissions baseline using reliable data and collaborating with suppliers on carbon savings plans to meet reduction targets and for reporting and risk assessment. Learn more at www.ivalua.com.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Innovation Supply chain 246

Procurement Templates

APRIL 15, 2024

Though the regulations are set there they can govern any type of purchase with lots off different operating factors, there each procurement manager to a certain extent will apply their own views including their training (when I say training the organisations where they worked previously) and their own interpretations.

Influencing 130

Influencing Negotiation Risk Innovation 130

Procurement Tactics

APRIL 17, 2023

As sustainability is a growing focus in many industries around 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 182

Sustainability Suppliers Influencing Purchasing 182

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. One of the key areas we focus on is enhancing supplier risk management through our managed procurement services.

Risk management 40

Risk management Risk Suppliers Management 40