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. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

Supply chain resilience 242

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

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

Category management flips this script, emphasizing collaboration and building strong partnerships with key suppliers. This collaborative approach fosters better communication, risk management, and innovation. Establish clear communication channels, such as regular meetings and performance reviews.

Category management 52

Category management Management Procurement Supplier relationship management 52

Empowering CPO

JUNE 27, 2023

This transformative practice enables organizations to delve deep into their purchasing data, gaining invaluable insights that can revolutionize their supplier relationship management (SRM) strategies.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Spend Matters

FEBRUARY 19, 2024

Companies need to grasp the many dimensions of ‘risk’ to understand their exposure and increase their risk awareness (and resilience) by embedding risk in critical decision-making processes. Kodiak Hub helps companies address such challenges.

Risk 103

Risk Suppliers Supplier relationship management Sustainability 103

Zycus Cognitive Procurement

JANUARY 31, 2023

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

IBM Supply Chain Blog

FEBRUARY 28, 2024

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.

Sourcing 102

Sourcing Strategy Supply Chain Efficiency e2e 102

Arkestro

JANUARY 23, 2024

Everyday responsibilities include a range of activities, such as: Supplier sourcing Cost negotiation Market research Quality assurance Contract management Risk management Supplier relationship management Policy compliance Budget management Technology utilization For every facet of a procurement manager, communication and collaboration are key.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Management Procurement 52

ivalua

JUNE 1, 2022

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

The Procuretech Podcast

MARCH 12, 2024

Moreover, the podcast outlines various factors justifying ProcureTech investment, including cost savings through streamlined processes, risk management in complex supply chains, enhanced supplier relationship management, and the promotion of sustainability initiatives.

supply chain budgeting 40

supply chain budgeting Budget supply chain software solutions Procurement 40

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. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Spend Matters

MARCH 25, 2024

To potential buyers — Canopy’s functional scope, intuitive user experience and affordable pricing model make it a valuable asset for enhancing supplier relationships, improving risk management and ensuring compliance with business rules. This content is for members only. Visit the site and log in/register to read.

Suppliers 91

Suppliers Risk management Data Risk 91

Procurement Heads

SEPTEMBER 1, 2022

Where the needs are focusing on driving value, third-party risk management and ensuring “in life” contracts are meeting expectations. . Particularly strong demand is being seen across: Financial services Fintech Consultancies Energy and utilities The public sector – especially local and central government and the NHS.

supply chain software solutions 130

supply chain software solutions Supply chain Supplier relationship management Contract 130

Procurement Leaders

DECEMBER 9, 2022

How important are supplier relationships to you achieving your goals, especially during times of crisis? Supplier relationship management has been key for Novozymes in terms of securing continuous supply.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

ivalua

MARCH 16, 2021

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Spend Matters

JANUARY 5, 2024

While it is best known for its end-to-end CLM for legal, procurement, sales and risk teams, CobbleStone Software ’s capabilities also touch on sourcing and e-procurement, giving it broad coverage of procurement processes.

e2e 81

e2e Procurement supply chain software solutions Contract 81

ivalua

NOVEMBER 26, 2020

Supply Chain Risk Management on the World Stage – Lessons Learned. Organizations should continue to monitor and analyze events around the world and develop a risk management process to gather risk signals and information to alert stakeholders to potential disruptions.

Agile and Lean Supply Chain 264

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy 264

Zycus Cognitive Procurement

AUGUST 23, 2022

2) Define predictive & proactive strategies to become customer-centric and improve supplier relationships. Managing excellent supplier relationships could become a tedious task in a dynamic & uncertain business environment. 5) Identify measures for Risk Management.

Procurement 52

Procurement Supplier relationship management Supply Chain Efficiency Risk management 52

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. At EmpoweringCPO, we employ proactive risk management strategies to ensure business continuity and protect your interests in an unpredictable global market.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Empowering CPO

JUNE 30, 2023

The advantages are multifaceted – cost savings, improved efficiency, access to expert knowledge, risk management, and the ability to focus on core business functions, to name a few. Their role is multifaceted, ranging from supplier management and spend analysis to contract negotiation and risk management.

Supply Chain Optimization 52

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

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. However, in today’s complex and globalized economy, procurement goes far beyond simple buying.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

IBM Supply Chain Blog

DECEMBER 13, 2023

Additional goals might be risk management and mitigation, supplier relationship management and sustainability considerations. Procure-to-pay (P2P) software links procurement practices to accounts payable and can streamline steps such as supply management, purchase orders and invoicing.

Procurement strategies 70

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 70

NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply Risk Checklist Vendor Risk Management Your Business Strategy Is Foolproof, Right? 10 Strategies for Improving Supplier Relationship Management SRM You Do Have A Late-Stage Negotiation Strategy, Don’t You?

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility supply chain budgeting Supply Chain Optimization 52

Empowering CPO

JUNE 30, 2023

Our procurement intelligence services offer data-driven insights to drive strategic decision-making, while our range of offerings, from spend analysis to strategic sourcing, supplier relationship management to contract management, ensures that every facet of the procurement process is optimized.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Una

NOVEMBER 29, 2023

Utilizing a GPO to manage some of the more time-consuming activities can help save you more money, time, and effort. Supplier relationship management Dedicate time to nurturing and strengthening relationships with your key suppliers.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Jaggaer

APRIL 18, 2019

Core activities like spend analysis are moving toward real-time, custom and predictive analytics, while less-mature analytics functions like risk management will join procurement’s list of fundamental responsibilities. Leverage supplier relationship management (SRM). Improve analytical capabilities.

Procurement 78

Procurement Supplier relationship management Eprocurement Risk management 78

Zycus Cognitive Procurement

SEPTEMBER 15, 2022

Risk management. The challenge of supply chain risk management is exacerbated by globalisation and the increased complexity of operations. As per the McKinsey report , “ In Supply Chain Risk Management, organisations often don’t know where to start.” Powering Procurement with AI .

supply chain budgeting 52

supply chain budgeting Procurement supply chain software solutions Agile and Lean Supply Chain 52

Una

AUGUST 31, 2023

Supplier diversity Maintaining a diverse supplier base is important in terms of risk mitigation and ESG. Small businesses may struggle to find and engage with diverse suppliers, potentially missing out on valuable opportunities and risking reputational damage.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Procurement Leaders

DECEMBER 9, 2022

Our risk approach isn’t based on the traditional level of spend with suppliers, but on a number of risks we have based on our bill of material for a given product or service.

Suppliers 147

Suppliers Bill of materials Raw materials Supplier relationship management 147

Skill Dynamics

MARCH 2, 2023

Competencies included risk management, supplier relationship management, contract management, negotiation, and strategy. After implementing several new procurement processes, Group Director Purchasing, Nicolas Robardet, identified a number of competencies which required development within the team.

Supplier relationship management 52

Supplier relationship management Inventory control Negotiation Supply chain 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility. Sign up for a 30-day free trial here Risk management Supply chains are under tremendous stress, facing challenges from supply, demand, logistics and shifting industry landscapes.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

Una

MARCH 30, 2023

That being said, here are some areas for procurement to consider focusing upon beyond cost reduction: Supplier relationship management (SRM) Procurement can focus on building strong relationships with suppliers to improve communication, collaboration, and transparency.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

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.

Risk management 52

Risk management Risk Suppliers Management 52

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. At EmpoweringCPO, we employ proactive risk management strategies to ensure business continuity and protect your interests in an unpredictable global market.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Una

JULY 3, 2023

They provide guidance on optimizing the sourcing process, enhancing supplier relationships, and leveraging procurement as a strategic function that adds value to the business. This shouldn’t be surprising, as procurement professionals often find themselves dealing directly with a suppliers’ CEO.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

Una

MARCH 16, 2023

How to Market Procurement’s Value Beyond Cost Savings How to Improve Strategic Supplier Relationship Management Three Ways to Realign Procurement with Business Objectives 4. Tip: Make the time to understand your stakeholders’ current priorities and challenges, then join the dots to the ways in which procurement can help.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

HICX

FEBRUARY 15, 2024

This focuses on end-to-end visibility where there is an emphasis on a more collaborative relationship between the organization and supplier geared up for mutually beneficial success, rather than the buying organization focused solely on its performance and success.

Supply chain management 52

Supply chain management Supply chain management supply chain software solutions Supply Chain Efficiency 52