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Procurement Risk register

ABC of Procurement

Does procurement really need a risk register? Let us try to answer those questions The post Procurement Risk register first appeared on ABC of Procurement. What are we going to put there?

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Address Supply Chain Risk with Strong Risk Councils

SCMR (Supply Chain Management Review)

Risk councils bring together supply chain risk owners and other subject matter experts to analyze current risks, plan for emerging ones and evaluate control effectiveness.

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What is the importance of risk management to procurement?

ProcurePort

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. appeared first on ProcurePort Blog.

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Re-establishing the Enterprise’s Risk Appetite

All Things Supply Chain

Since risk is a reality in business, and ‘certainty’ is an extremely expensive proposition, an enterprise’s appetite for risk has always been measured on a sliding scale. Companies with a…

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Five Best Practices for Balancing Costs, Risks, and Sustainability

What’s Inside: How organizations can most effectively focus on long-term value creation, not just short-term cost savings The impact that embracing innovation and new technologies such as artificial intelligence (AI) can have The essential elements every organization needs to balance cost, risk, and sustainability

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Managing risks, priorities and talent: Nestlé’s approach to the polycrisis

Procurement Leaders

But they all come, to me, under the category of risk. “The last couple of years have really shown businesses the value of procurement – and not just as a purchasing function/PO function, but the strategy of procurement and the value we bring in managing risk,” she says. “Risk is part of our DNA,” she says.

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Risk Management in the Procurement of Innovation

ProcurePort

This is the origin of risk in any procurement process. The challenge for managers is to identify the risk for all parties involved and quantify it. The post Risk Management in the Procurement of Innovation appeared first on ProcurePort Blog. They must then move on and assess the necessary mitigating actions to be […].

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.

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GEP Spend Category Outlook 2023 Report

What are the risks for procurement in 2023? What should leaders do to deliver value amid uncertainties? Read the GEP Spend Category Outlook 2023 report now to build successful spend management strategies across 22 indirect & direct categories.

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GEP Spend Category Outlook 2024

This must-read annual report informs procurement and supply chain leaders of the types of risks to expect and their levels of impact. GEP experts in nearly two dozen critical categories guide you in the right direction in our annual comprehensive resource — GEP Spend Category Outlook 2024.

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Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another.

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The Definitive Guide to Spend Management

It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The status quo for AP in small and mid-market companies is broken. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization.

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance, and foster a safety-first culture! If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future.

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Building Supply Chain Resilience in the Real World

Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC

In particular, she will focus on: Why procurement and supply chain professionals need to stay on top of the news - but not entirely be guided by it How to let current disruptions influence - but not confine - forward-looking risk mitigation strategies How to balance short-term firefighting with longer-term planning March 14, 2023, at 9:30 am PT, 12:30 (..)

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TMS+: Go Beyond Transport to Optimize Cost, Service, & Resiliency

We outline how the TMS+ breaks down silos to optimize across inventory, transport, logistics, and order management concurrently, intelligently, and in a timely and relevant manner for cost, service, risk, and sustainability.