Spend Matters

NOVEMBER 19, 2024

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways.

Risk 113

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 113

Spend Matters

SEPTEMBER 26, 2024

For this year’s Spend Matters Fall 2024 SolutionMap release – our comprehensive methodology designed to help organizations evaluate and select procurement solutions – we launched a new module: third-party (and supply chain) risk management (TPRM and SCRM).

Risk management 120

Risk management Risk Management Procurement 120

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. The role of procuretech in this sphere is to provide a clear ROI for sustainable practices both in revenue growth and cost saving.

supply chain software solutions 117

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 117

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations.

Risk management 40

Risk management Risk Suppliers Strategy 40

Spend Matters

NOVEMBER 7, 2024

Moreover, these vendors must have less than $10 million in revenue and our analysts must find them both sustainable and growing with a clear momentum. What is Halo Ai HaloAi is a third-party risk management (TPRM) solution that aims to be a one-stop shop for third-party risk so that organizations do not need multiple point solutions.

Risk management 114

Risk management Risk Suppliers Supply chain 114

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

Supply Chain Queen

FEBRUARY 27, 2024

Sustainable supply chains can address the key drivers of forest and biodiversity loss in the agriculture and forestry sectors, fueling biodiversity conservation and responsible sourcing of commodities like palm oil, soy, timber, and much more.

Sustainability 130

Sustainability Supply chain Risk management Sourcing 130

ivalua

SEPTEMBER 19, 2022

In these instances, tradeoffs have been made, such as impeding carbon emissions reduction progress through the use of less sustainable products or carbon intensive transportation options. Supplier risk management too often focuses on evaluating the risk level of each supplier and selecting lower risk ones when possible.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

Spend Matters

NOVEMBER 7, 2024

Following months of debate based on extensive knowledge of the many procurement technologies they have demoed, analyzed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.

Supply Chain Efficiency 113

Supply Chain Efficiency Risk management Real-time Visibility Ethics 113

ivalua

JUNE 11, 2021

Sustainability is one of the most evolving and growing trends of our time, and it will dominate procurement business discussions well into the foreseeable future. In fact, studies and ROIs are clearly showing sustainability is to be considered a new type of competitive advantage. Bulgari – Arianna Vetrugno. Sounds interesting?

Sustainability 130

Sustainability Procurement Risk management Risk 130

SCMDOJO

JANUARY 9, 2025

Enhancing Competitive Advantage Strategic sourcing creates a sustainable competitive edge by combining cost savings, risk management, and supplier innovation. However, innovative solutions enable procurement teams to optimize based on multiple criteria, such as sustainability, quality, and innovation potential.

Strategic sourcing 96

Strategic sourcing Strategic sourcing Sourcing Procurement 96

Art of Procurement

OCTOBER 26, 2023

The post The LEGO Sustainability Saga appeared first on Art of Procurement. “We can’t say we inspire and develop the builders of tomorrow if we’re ruining the planet.” – Tim Guy Brooks, Head.

Sustainability 141

Sustainability Procurement Risk management Risk 141

Procurement Tactics

SEPTEMBER 19, 2022

Sustainable Supply Chain Consulting — The Ultimate Guide. Sustainable supply chain consulting firms are hired by many big businesses to help them with their goals. In this article, we will discuss what sustainable supply chain consulting firms are. What is Sustainability in Supply Chain? Download Free Whitepaper ?.

Sustainability 130

Sustainability supply chain software solutions Supply chain Supply 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

ivalua

JULY 13, 2022

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. The amount of data associated with these initiatives can be exponential, a burden too heavy to manage manually. ESG Objectives for Buyers.

Sustainability 130

Sustainability Buyers Suppliers Procurement 130

Procurement Heads

FEBRUARY 22, 2023

For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what Zurich is doing with regard to sustainability in the supply chain. I am part of the central group team and lead on our sustainable sourcing sustainable procurement programme, which aims to embed sustainability in our supply chain.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

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 Templates

SEPTEMBER 14, 2023

In an era marked by growing environmental concerns and the urgent need for sustainable practices, procurement has emerged as a pivotal player in fostering sustainability within organizations. The Green Imperative Sustainability is no longer an option; it is an imperative.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

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. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge.

Risk management 78

Risk management Risk Management Sustainability 78

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Those are three hot topics in the enterprise today.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

ivalua

JANUARY 8, 2023

The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. These organizations must also conduct regular supply chain audits to ensure sustainable and responsible operating measures. .

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Supply Chain Brain

MARCH 29, 2022

Over the past couple of years, a multitude of challenges have been thrown at supply chains that have caused what feels like a chain reaction of continuous disruption.

Networking 98

Networking Risk management Supply chain Risk 98

Procurement Tactics

NOVEMBER 23, 2022

In this article, we will discuss what corporate social responsibility and sustainable procurement are. We will tell you the importance of corporate social responsibility within sustainable procurement. What is Sustainability in Procurement? What is Sustainability in Procurement?

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Spend Matters

MARCH 25, 2025

Procurements ability to engage, influence and align with stakeholders determines the extent to which digital transformation efforts deliver sustainable and measurable benefits. Whether the example is SUM or procurement-led (or procurement-centric) digital initiatives, it is not about what procurement controls, but what it can access.

Stakeholder engagement 97

Stakeholder engagement Management Procurement Influencing 97

Procurement Insights

DECEMBER 11, 2024

As we approach 2030, the procurement landscape is anticipated to undergo significant transformations driven by technological advancements, evolving business models, and heightened sustainability commitments. Based on current industry analyses and expert insights, here are the top 10 procurement predictions for 2030: 1.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

Procurement Templates

DECEMBER 11, 2024

When committing an organisations spend, we are facing risks from all angles, consider whether if its a risk or an issue and how these can be mitigated early. Sustainability and Compliance: Ensure procurement activities align with environmental, social, and governance (ESG) standards and regulatory compliance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

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. and sustainability.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 87

Procurement Tactics

NOVEMBER 21, 2022

Thus, why sustainable procurement is brought up whenever businesses talk about corporate social responsibility. . Lego’s sustainability initiatives. Also, its commitment to sustainability extends beyond its partnerships. . Google’s commitment to sustainability. What is sustainability in business?

Ethics 209

Ethics Sustainability Import Supply Chain Efficiency 209

Skill Dynamics

JANUARY 9, 2025

Capability 3: Risk Management and Mitigation Supply chains are consistently exposed to a whole host of common risks, from supplier bankruptcy, to transportation delays, and even the effects of natural disasters. To avoid or at the very least mitigate these risks, an appropriate risk management strategy is needed.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 52

Spend Matters

DECEMBER 11, 2024

To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supply chain resilience and sustainability objectives. Also, businesses operating globally must be able to adapt to sudden trade policy changes.

Supply Chain Optimization 112

Supply Chain Optimization Management Supply Chain Efficiency Supply chain resilience 112

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. And this is just to manage third-party risk.

Supplier relationship management 130

Supplier relationship management Risk management Sustainability Leadership 130

Procurement Leaders

JANUARY 16, 2023

. “The executive team has acknowledged the procurement team’s work in keeping product on the shelf, managing cost and managing inflation. ” Leveraging long-standing risk management expertise. ” Despite the headwinds, Stroup is proud of her function’s risk management efforts.

Risk 246

Risk Management Risk management Strategic planning 246

Spend Matters

MARCH 7, 2023

Categories: Industry News , Supply Risk Management , Sustainability Tags: PRO Today global supply chain risk management data, software and services provider, apexanalytix, announced its acquisition of ESG Enterprise, an environmental, social and governance (ESG) SaaS and data analytics software provider.

supply chain software solutions 104

supply chain software solutions Risk management Sustainability Risk 104

ProcurePort

OCTOBER 20, 2023

Procurement services provide benefits such as improved supplier relationships, risk management, scalability, access to market intelligence, sustainability practices, and continual process improvement, allowing businesses to focus on their core […] The post Advantages of Opting for Procurement Services appeared first on ProcurePort Blog.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Risk management 130

Spend Matters

JANUARY 31, 2024

This Spend Matters Vendor Analysis gives an overview of Prewave, a solution built to reduce risks in supply chains. It offers a comprehensive risk assessment product that encompasses various risk dimensions, including operational risks (business continuity) and sustainability.

Risk management 113

Risk management Risk Supply chain Sustainability 113

Jaggaer

MARCH 24, 2025

These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. By leveraging these technologies, procurement can contribute to long-term sustainability goals , reduce supply chain disruptions, and enhance corporate reputation.

Procurement 52

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

IBM Supply Chain Blog

OCTOBER 26, 2023

A corporate sustainability report is a comprehensive document that outlines a company’s efforts, policies, practices and performance related to social, environmental and economic sustainability. Companies usually share their sustainability goals and achievements in these reports on an annual basis.

Sustainability 70

Sustainability supply chain software solutions Supply Chain Efficiency Data 70