Spend Matters

NOVEMBER 7, 2024

This realization planted the seed for a solution that would later become Halo Ai — a system designed to create comprehensive risk profiles for third parties, enabling organizations to operationalize their risk management strategies more effectively. What is the road ahead for Halo Ai?

Supply Chain Efficiency 113

Supply Chain Efficiency Risk management Real-time Visibility Ethics 113

Spend Matters

APRIL 15, 2025

Procurements most valuable players Jesus Campos , CEO CorporateLATAM, once wrote on Spend Matters that procurement functions must address two key areas to navigate the uncertainty of global markets: risk management and organizational structure the latter being relevant to our discussion on procurement transformation. The Risk Manager.

Procurement 102

Procurement Category management Chief Procurement Officer Risk management 102

SCMDOJO

OCTOBER 28, 2024

Quality Assurance: S&OP can help ensure that suppliers meet the quality standards required for new products, preventing costly recalls or product failures. Moreover, S&OP fosters a sense of shared responsibility for quality across the organization and its suppliers. Keep Reading to unlock a 50% discount code!

Procurement 95

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 95

Spend Matters

JANUARY 7, 2025

Maja Tepeh , Senior Brand Manager at supply chain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment. However, the cost avoidance from mitigating ESG-related supply chain risks, such as regulatory fines or disruptions, is equally important.

supply chain software solutions 117

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 117

Procurement Templates

DECEMBER 11, 2024

Operational Objectives Quality Assurance: Procure goods and services that meet required quality standards to support business operations. Buying cheapest isn’t always the best way, but on the flip side pushing for quality and getting a rolls royce solution might be over extravagant and not the best use of an organisations fund.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Spend Matters

NOVEMBER 13, 2024

These and other similar risks have increased with globalization, and reputational damage can be significant, as many cases have shown over the years. Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes reputational risk The causes come from many quarters.

Risk 113

Risk Supply Chain Efficiency Supply chain Suppliers 113

IBM Supply Chain Blog

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk management 76

Risk management Risk Real-time Visibility Management 76

Spend Matters

OCTOBER 30, 2024

Man-made risk categories can overlap with other risk categories (for example, cyber and reputational) because man-made focuses more on the cause than the consequences. Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes man-made risk?

Risk 112

Risk Buyers Suppliers Supply chain 112

Spend Matters

MAY 10, 2023

Categories: Procurement Systems & Architecture , risk-compliance-management Tags: PRO In this Spend Matters PRO Vendor Analysis we provide an overview of ProcessUnity and its solution for third-party risk management. Supplier risk intelligence vendors, such as ProcessUnity, cater to this need.

Risk management 97

Risk management Risk Management Suppliers 97

Procurement Leaders

JANUARY 16, 2023

So, how we manage risk is what keeps me up at night… We try to be robust as a procurement organisation because, as a commodities company, risk is a part of our everyday life: we can have a crop failure, we can have a delivery failure, we can have a quality failure, so how do we handle that?”

Risk 246

Risk Management Risk management Strategic planning 246

IBM Supply Chain Blog

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. Focusing on ESG Risk Management can help your organization become more profitable, and your organization can start on this journey today.

Risk management 78

Risk management Risk Management Sustainability 78

SCMDOJO

JANUARY 29, 2025

Supplier Performance Evaluating supplier performance based on key metrics such as on-time delivery, quality of goods received, adherence to agreed-upon terms, and responsiveness to inquiries. Moreover, i dentifying and mitigating potential risks associated with supplier performance, such as disruptions to the supply chain or quality issues.

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 97

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

SCMDOJO

APRIL 15, 2025

Operational risks: Supplier bankruptcies, poor quality control, or delays in logistics. Legal and compliance risks: Breach of contract, regulatory violations, or labor law issues. This structure adds a legal buffer while allowing for operational flexibilitymaking it a smart foundation for risk management.

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting supply chain software solutions 70

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management.

Supply Chain Efficiency 93

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 93

Procurement Leaders

DECEMBER 9, 2022

Our challenges are linked to digitalisation, risk management and inflation. With risk management, we are revising our buying policies and introducing a digital risk management suite that covers all our risk dimensions – supply, financial, quality, ethical, and so on.

Risk 130

Risk Suppliers Risk management Buyers 130

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? It should be considered an essential part of an organization’s wider risk management strategy. What are the benefits of supplier risk management?

Risk management 52

Risk management Risk Suppliers Management 52

Spend Matters

APRIL 15, 2025

While some procurement leaders in the manufacturing and industrial sector have found data quality to be a major barrier to AI implementation along with poor integration across applications, they are combating these challenges by prioritizing agile development and tool deployment.

Real-time Visibility 73

Real-time Visibility Procurement e2e Supply Chain Efficiency 73

Jaggaer

FEBRUARY 5, 2025

For example, eSourcing software can automatically check whether the suppliers have met key regulatory requirements or quality standards, including certifications, insurance, and any other pre-defined qualifications set during the RFP stage. Without adequate training, there can be gaps in performance, quality, and service delivery.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

ivalua

AUGUST 10, 2015

All agreed they need to make better, data-driven decisions — decisions that enable them to determine which suppliers will provide the most value (quality, reliability, flexibility, and innovation) while still meeting target costs. lack of industry benchmarks to assess data management practices. information storage and sharing issues.

Suppliers 157

Suppliers Data Quality Collaboration 157

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. This can lead to more effective sourcing, reduced sourcing costs, higher quality products, and stronger overall supplier relationships.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

ivalua

MARCH 31, 2020

This is because organizations continue to face challenges when it comes to harnessing technology in procurement, with existing systems not being fit for purpose (36%), poor data quality reducing trust in information (36%) and staff having inaccurate expectations of what technology can do (34%).

Procurement team 47

Procurement team Procurement supply chain software solutions Spend management 47

Procurement Tactics

MAY 24, 2023

These KPIs might include factors such as on-time delivery, product quality, pricing, responsiveness to inquiries, and customer service. Product Quality While pricing is an important factor to consider when selecting a vendor, equal attention should be given to the quality of their products.

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

Spend Matters

APRIL 23, 2025

The Twin-Tower framework linked operational improvements directly to insight quality: Starting with basic technology and automation, organizations improve processes, collect essential data and establish clearer insights about what happened (descriptive) and why (diagnostic). Reality taught us differently.

Procurement team 73

Procurement team Procurement Data Sourcing 73

Procurement Leaders

MAY 2, 2024

This made sense at the time, but it struck me more recently, while listening to a community Cohort Call on the topic of embedding data risk management into SRM, just how much has changed and how much more complex an environment CPOs are now having to manage. No mention of innovation. No mention of sustainable growth.

Supplier relationship management 130

Supplier relationship management Risk management Sustainability Leadership 130

Procurement Tactics

NOVEMBER 23, 2022

Corporate social responsibility (CSR) is the commitment of businesses to behave ethically and contribute to the development of the economy all while improving the quality of life of their workforce and their surrounding community. . Corporate Social Responsibility – What is it? What is Sustainability in Procurement?

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Jaggaer

MARCH 20, 2025

The primary goal was to optimise procurement processes, eliminate heterogeneous process structures and data silos, and increase quality and transparency through a centralised information base. To this end, the platform is integrated with Sphera’s risk management solution and IntegrityNext for supply chain monitoring.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Risk management 52

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. In the report 60% of CPOS select poor data quality, standardization and governance as being the biggest challenge in mastering digital complexity. But it’s not easy.

Data 130

Data Quality Supply chain Suppliers 130

Procurement Tactics

JUNE 5, 2023

Successfully managing these complexities requires robust strategies and effective risk management measures. Losing control When your suppliers are in different countries, it becomes challenging to handle the technical aspects of production, ensure good quality, and manage communication.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Spend Matters

APRIL 17, 2025

Also, not having a proper requirement management process negatively impacts a projects budget, schedule or quality. And buying the right tool starts with developing the right requirements. It can even kill a project. Often, requirements are developed or refined along the way.

Change management 111

Change management Negotiation supply chain budgeting Budget 111

Procurement Tactics

MAY 30, 2023

We will tackle the duties and responsibilities, as well as the qualifications and skills that an individual needs to possess to become a procurement manager. Once you are done reading this article, you will know the importance of a procurement manager. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Tactics

OCTOBER 13, 2022

Estimate and mitigate risks. Determine the quantity, quality, and timing of the delivery. Skills Necessary to be a Strategic Sourcing Manager. Risk management. Strategic sourcing managers should be able to identify risks in a dynamic business environment.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

Procurement Insights

DECEMBER 11, 2024

Real-time data will inform sourcing decisions, risk management, and supplier relationships, leading to more informed and agile procurement functions. Collaborative relationships will drive innovation, quality improvements, and shared value creation.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

Procurement Insights

MAY 1, 2025

Risk Mitigation: Historical archives help identify recurring supplier issues, disruption patterns, and the effectiveness of past mitigation strategies, supporting more resilient procurement planning.

Procurement 40

Procurement Supplier relationship management Supply Chain Optimization Negotiation 40

Skill Dynamics

JANUARY 7, 2025

While there are certainly up-front costs associated with the development of contingency plans and general proactive risk management, the overall cost savings from avoiding major disruption and not having to engage in emergency protocols is significant.

Supply chain resilience 90

Supply chain resilience Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency 90

Spend Matters

OCTOBER 3, 2024

The appetite for third-party risk management (TPRM) within procurement and the supply chain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. Read our analysis: Risk is complex — The different types and sources of risk.)

Risk 113

Risk Risk management Supply Chain Efficiency supply chain software solutions 113