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

Barkers Procurement

FEBRUARY 26, 2024

I recognised that Sustainability would become an important area of focus for procurement functions and industry as a whole. Spurred by what I thought was an impending collapse of society, I embarked on a Masters’ thesis exploring the value that embracing Sustainable Procurement could bring to an organisation. What is Sustainability?

Sustainability 52

Sustainability Procurement Agile and Lean Supply Chain Supply chain 52

IBM Supply Chain Blog

DECEMBER 15, 2023

Sustainable business practices are an essential part of an organization’s commitment to social and environmental responsibility. Sustainability in business also provides organizations an opportunity to create more efficient supply chains that have a positive impact on the planet.

Sustainability 70

Sustainability Supply Chain Efficiency Raw materials Supply chain 70

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 75

Sustainability supply chain software solutions Supply Chain Efficiency Strategy 75

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

IBM Supply Chain Blog

FEBRUARY 8, 2024

Social Investment Forum (SIF) Foundation took inventory of all the sustainable investments in North America. 1 Slowly but surely, institutional investors started to recognize that companies could potentially improve financial performance and risk management by focusing on ESG issues like greenhouse gas emissions.

Sustainability 83

Sustainability Strategy Ethics Leadership 83

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. The post In the Middle East, the Need for Risk Management Guides the Transformation Journey to Procurement 4.0

Risk management 130

Risk management Risk Supply Chain Efficiency Management 130

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

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

Supply Chain Game Changer

JANUARY 30, 2020

Around a decade ago, the main risks were component shortages, supplier failures and commodity price volatility, though by 2017, these had evolved into three distinct groups including: IT security incidents Supplier facility destruction due to natural disaster Geopolitical concerns such as war and terrorism. Case Building for Risk Management.

Risk management 71

Risk management Supply Chain Efficiency Risk Supply chain 71

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

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 97

Networking Risk management Supply chain Risk 97

IBM Supply Chain Blog

SEPTEMBER 15, 2023

Globally, there has been an uptick of landmark regulations forcing companies to address sustainability issues like climate change, and to disclose the work they are doing to address these issues. For the first wave of companies affected, sustainability reports will be required as soon as fiscal year 2024. In parallel, the U.S.

Sustainability 76

Sustainability Real-time Visibility Data Risk 76

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 94

Risk management Risk Sustainability Supply chain 94

Procurement Templates

APRIL 15, 2024

Stage 6: Risk Management Days 51-60 Risk Assessment: Conduct a comprehensive risk assessment to identify potential risks related to suppliers, contracts, and operations. Mitigation Strategies: Develop and implement risk mitigation strategies to minimize exposure and ensure business continuity.

Procurement team 130

Procurement team Contract management Innovation Suppliers 130

Positive Purchasing

NOVEMBER 7, 2022

Annabel Kaur-Barry, who leads digital and production procurement globally for Interpublic Group (IPG) – one of the ‘big four’ global advertising agencies – looks at sustainable procurement in the creative industry. Sustainability has to underpin everything. How do you make sure that all your practices reflect this concept?

Sustainability 52

Sustainability Procurement Price Suppliers 52

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 88

supply chain software solutions Risk management Sustainability Risk 88

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

SupplyShift

FEBRUARY 24, 2023

Why is CSRD a big deal for supply chain sustainability? The Corporate Sustainability Reporting Directive (CSRD) is new legislation in the European Union that requires, elevates, and standardizes ESG reporting like never before. The post CSRD & Supply Chain Sustainability: What You Need to Know appeared first on SupplyShift.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Supply 52

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

Art of Procurement

MARCH 1, 2024

Procurement has undergone a significant evolution, embracing responsibilities in margin protection, supply continuity, risk management, sustainability, and innovation. Yet, despite. The post Redefining Procurement’s Value and Shifting Mindsets appeared first on Art of Procurement.

Risk management 52

Risk management Sustainability Innovation Risk 52

Jaggaer

APRIL 22, 2019

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. using a total cost of ownership strategy) and identify key risks (and related costs) to avoid. A quick look at the regulatory landscape.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

Positive Purchasing

DECEMBER 6, 2022

When managed effectively, the supply base travels far beyond fulfilment to establish security of supply, unlock new value, develop innovation and competitive advantage and deliver sustainability. With such opportunities at stake, how we regard and manage our supply base has never been more important.

Sustainability 52

Sustainability Supply Chain Efficiency Supplier relationship management Innovation 52

Spend Matters

MARCH 18, 2024

Day one — which Spend Matters did not attend as it was for customers and partners only — consisted of solution-focused sessions covering various topics: AI and generative AI, risk management, external workforce management, etc. Regarding sustainability, the last customer presentation on the main stage was delivered by Northvolt.

Procurement 92

Procurement Raw materials Sustainability Risk 92

Spend Matters

JANUARY 29, 2024

Although Sphera (the company, not the SCRM module) is a few years younger than riskmethods, it acquired riskmethods in 2022 to complete its ESG-focused offering with risk management capabilities. Sphera SCRM is the new name of riskmethods, an SCRM specialist that was founded in 2013 and has been extensively covered by Spend Matters.

Supply chain resilience 83

Supply chain resilience Supply Chain Efficiency Risk management Risk 83

Procurement Heads

APRIL 26, 2023

We manage billions of dollars worth of spend. Therefore, we need to ensure that we have a competitive supply chain, obviously, but more importantly that we drive a safe and sustainable supply chain. W hat are your team and organisation doing with regard to sustainable procurement? What do you look for when you’re hiring?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

We manage billions of dollars worth of spend. Therefore, we need to ensure that we have a competitive supply chain, obviously, but more importantly that we drive a safe and sustainable supply chain. W hat are your team and organisation doing with regard to sustainable procurement? What do you look for when you’re hiring?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

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 101

Sourcing Strategy Supply Chain Efficiency e2e 101

Procurement Leaders

MARCH 10, 2023

With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three. For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function.

Collaboration 147

Collaboration Supply chain Management Risk management 147

IBM Supply Chain Blog

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Sustainability Together with traceability and transparency comes sustainability—and 60% of CEOs say they’re already feeling pressure to be more transparent about their organization’s sustainability performance.¹

Strategic sourcing 83

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 83

Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. It provides risk management solutions specifically for commodities.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

IBM Supply Chain Blog

APRIL 19, 2024

Mobile-connected technicians experience improved safety through measures such as access control, gas detection, warning messages or fall recognition, which reduces risk exposure and enhances operational risk management (ORM) during work execution.

Management 58

Management Sustainability Risk Innovation 58

Spend Matters

SEPTEMBER 15, 2022

Categories: CSR , ERP , Risk Performance and Compliance , Supply Risk Management , Sustainability Tags: PRO This Spend Matters PRO analysis is the penultimate of our 7-part series on Risk technology solutions and services vendors, focusing on organizations' increasing need to manage and mitigate risk scenarios.

Supply Chain Efficiency 50

Supply Chain Efficiency Risk Risk management Contract 50

ivalua

NOVEMBER 12, 2019

For example, Risk Center can aggregate data on supplier financial health, sustainability, adverse media, sanctions lists, supply chain disruptions and more. The global supply chain is a breeding ground for hidden sustainability and CSR risks.

Risk management 20

Risk management Risk Management Real-time Visibility 20

Spend Matters

JANUARY 31, 2023

Categories: Diversity , E-Sourcing , Procurement Strategy & Planning , Supply Risk Management Tags: sponsored post Stakeholders of all stripes want companies to do more when it comes to promoting sustainability and combating climate change; that includes investors, employees, customers and those in the community said business serves.

Procurement strategies 78

Procurement strategies Risk management Procurement team Risk 78

Procurement Heads

FEBRUARY 9, 2023

Importance of strategic sourcing As businesses become more focused on sustainability and ethical sourcing, the importance of strategic sourcing will only continue to grow. Increased focus on risk management Procurement professionals are also responsible for managing risk in the supply chain.

Procurement 130

Procurement Strategic sourcing Strategic sourcing supply chain budgeting 130