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The Key Pillars of Third-Party Risk Management

ivalua

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.

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Strategic Sourcing for SMEs

Una

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. Supplier diversity Maintaining a diverse supplier base is important in terms of risk mitigation and ESG.

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How to Implement a Strategic Sourcing Process

Una

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.

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The Role of Spend Analysis in Strategic Sourcing: A Complete Guide

Empowering CPO

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?

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New Year Insights for the procurement solutions and services marketplace 2024: Simfoni

Spend Matters

Redefining procurement in 2024: A quest from cost savings to strategic value creation Today, procurement leaders find themselves at a crossroads, torn between the age-old pursuit of cost savings and the imperative to infuse strategic value into their organizations.

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Category Management in Procurement

NLPA (Next Level Purchasing Association)

Additionally, category management fosters a focus on strategic sourcing , allowing teams to explore new sourcing opportunities that align with business growth objectives. Category management flips this script, emphasizing collaboration and building strong partnerships with key suppliers.

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Q1 2024 Insider roundup: A deep dive into AI; following procurement tech market movements; updated coverage of 18 vendors

Spend Matters

Vendors in focus in Q1 In Q1, Spend Matters published 18 Vendor Analyses as part of our Insider coverage. As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management.