World of Procurement blog

MAY 8, 2024

Procurement Best Practices To maximize the value of procurement, organizations should follow certain best practices around ethics, sustainability, risk management, and cost savings. Conduct supply chain audits and due diligence on high-risk categories. Dual sourcing and supply chain digitization can help.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Templates

SEPTEMBER 14, 2023

Risk Management : Supply Chain Resilience : Evaluate suppliers’ strategies for mitigating risks related to environmental disruptions, such as natural disasters or resource scarcity. Continuous Improvement : Assess suppliers’ commitment to ongoing sustainability improvements and goal attainment.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Empowering CPO

JUNE 27, 2023

Proactive Risk Management: Digital spend analysis provides enhanced visibility into supplier performance, allowing organizations to identify and mitigate potential risks. By detecting and mitigating risks in real-time, digital spend analysis contributes to stronger governance and risk management practices.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40