Procurement Tactics

APRIL 5, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Business Drivers — Embracing Sustainability Sustainable procurement business drivers are the factors why many businesses embrace sustainability within their operations.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Procurement Leaders

FEBRUARY 6, 2024

It can be draining just reading about the chaos brought about by global risks that continue to hit the headlines; from Houthi Rebel strikes in the Red Sea to ongoing speculation about Chinese intentions towards Taiwan, to the potential fallout from “the year of elections”.

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Suppliers Contract 130

Procurement Tactics

JUNE 28, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Commodity Trading — Everything You Should Know Commodity trading plays a vital role in the way of how our lives work and how the economy functions.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Procurement Tactics

JUNE 5, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically. Why is it Important?

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Procurement Leaders

APRIL 15, 2024

The need to de-risk over-complex supply routes, the demand for additional redundancy to drive supply security, the decoupling from certain regimes and regions due to geopolitical tension and inter-state competitive posturing, to name a few. Many reasons.

Supply 130

Supply Sustainability Supply chain Demand 130

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Suez Canal — Everything About Supply Chain Suez Canal is an artificial waterway located in Egypt that connects the Mediterranean Sea to the Red Sea. However, how important is it in the supply chain?

Supply chain 204

Supply chain Supply Negotiation Import 204

Procurement Tactics

NOVEMBER 23, 2022

Or receive our famous weekly newsletter. It includes easy access to capital and markets, increased profits, improved brand image, gaining more customers, and better decision-making and risk management processes. . Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2022.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Tactics

SEPTEMBER 21, 2022

Or receive our famous weekly newsletter. Risk reduction. Risk is linked with all the suppliers of an organization it chooses to partner with. Also, there is a risk associated with the economic cost of sustainable procurement disruptions due to non-compliance with industry environmental regulations. . First Name.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Procurement Tactics

JUNE 28, 2023

It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Compliance and Risk Management Throughout the procurement process, monitoring compliance with the applicable legislation and regulations is crucial.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

OCTOBER 13, 2022

Or receive our famous weekly newsletter. Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. Estimate and mitigate risks. Skills Necessary to be a Strategic Sourcing Manager. Risk management.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Una

APRIL 23, 2024

Tips for Building an Effective Procurement Data Strategy Robots in Procurement Supplier selection & risk management Think of machine learning as your trusted advisor when it comes to choosing and monitoring suppliers. Why Do We Need Supply Chain Visibility? Then there’s the resource-intensive task of supplier monitoring.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

Procurement Tactics

JULY 17, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Choosing a Contract Management Tool Choosing a contract management tool is crucial for your business as you need to select what suits your company the best.

Contract management 189

Contract management Contract Management Negotiation 189

The Procuretech Podcast

NOVEMBER 7, 2023

They touch on topics like organisational development, digitisation of processes, indirect costs, and risk management. Hans highlights that many mid-sized firms still rely on manual, outdated methods for procurement, particularly in areas like supplier management, risk management, and sustainability. Stay in touch!

Procurement 40

Procurement Risk management Buyers Risk 40

Una

JUNE 21, 2023

Sanja is the Head of Enterprise Procurement, Outsourcing & Third-Party Risk Management for Home Capital Group. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Sanja Cancar-Todorovic.

Risk management 52

Risk management Supply chain Sourcing Procurement 52

Procurement Tactics

AUGUST 19, 2022

Or receive our famous weekly newsletter. Vendor Management Best Practices — The Ultimate Guide of 2022. Vendor management best practices are utilized to boost business growth and productivity. For starters, vendor management is used to describe the processes used to manage their suppliers or vendors. . First Name.

Vendor management 130

Vendor management Management e2e Negotiation 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. 00:23:15] Supply chain disruption and risk. [00:27:30-00:27:40]

supply chain budgeting 40

supply chain budgeting Budget supply chain software solutions Procurement 40

Una

MARCH 30, 2023

On the other hand, a CPO who reports directly to the CEO is more likely to align their team’s activities with a wider array of business goals such as risk reduction, sustainability, and diversity targets. This can involve diversifying suppliers, developing contingency plans, and implementing quality control measures.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Procurement Tactics

MAY 24, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Vendor Scorecards — Everything You Should Know Vendor scorecards simplify vendor management and are an important factor in monitoring supplier performance. However, what is it?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

Una

AUGUST 21, 2023

It’s a reminder that even the most carefully laid plans must allow for the human element, or risk derailment. With no stakeholder needs to account for, no s upplier relationships to manage, and no mavericks to chase, procurement professionals could simply establish a plan and trust that it will play out as expected.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

Una

JULY 3, 2023

Risk management Procurement leaders play a critical role in assessing and mitigating risks associated with the supply chain. They monitor their organization’s risk appetite, oversee the implementation of risk management frameworks, monitor market trends, and proactively identify potential disruptions.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

Una

MARCH 16, 2023

Other reasons include risk reduction , creating a cost-conscious culture, and more effective change management when implementing new procurement processes, technologies, and strategic initiatives. Subscribe to our Newsletter The post How to Build Procurement Influence – and Why it Matters appeared first on Una.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Una

APRIL 13, 2023

When Supplier Negotiations Come to a Standstill Episode 101: Maximizing the Value of Strong Supplier Partnerships with Juli Lassow How to Improve Strategic Supplier Relationship Management Risk management Identify and mitigate risks such as supply chain disruption, quality issues, and reputational risks.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Tactics

SEPTEMBER 19, 2022

Or receive our famous weekly newsletter. It offers a sustainable procurement impact assessment to identify spend categories with the most opportunity and risk. . Sphera provides ESG performance and risk management software, data, and consulting services. 33 Procurement Interview Questions in 2022. First Name.

Sustainability 130

Sustainability supply chain software solutions Supply chain Supply 130

Una

FEBRUARY 13, 2023

Activate your supply chain backup plan First, risk management 101 in procurement involves having a network of backup suppliers for when disruption occurs. You’ll then be able to work with them to mitigate those risks or identify alternate suppliers.

Supply chain 98

Supply chain Supply Contract Suppliers 98

Spend Matters

MARCH 11, 2024

Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. David presented on the top P2P risks that all businesses should be looking out for. Compliance and GDPR — does the data stay locked?

Procurement strategies 91

Procurement strategies Innovation Strategy Procurement 91

Una

APRIL 25, 2023

Compliance and risk management Procurement professionals also need to ensure that their organization is compliant with regulations and that they manage risks effectively. This involves vetting suppliers, conducting due diligence, and ensuring that all contracts are compliant with relevant regulations.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

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. Learn more about how to manage risk using a GPO here.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Planergy

JANUARY 19, 2024

Vendor analysis is crucial for risk management. It typically includes information about the supplier’s strengths and weaknesses, potential risks, and opportunities for improvement. Vendor Risk Analysis This analysis identifies potential risks associated with a supplier. What Does a Vendor Analyst Do?

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Una

JULY 18, 2023

Harnessing data analytics tools and techniques to allow you to identify cost-saving opportunities, supplier performance trends, and potential risks. Mitigate risk Effective risk management is a critical skill for procurement professionals in a world of increasing uncertainty.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Sustainability 52

Una

NOVEMBER 29, 2023

Strategic sourcing Invest in strategic sourcing by thoroughly analyzing your organization’s procurement needs and identifying opportunities for cost savings, quality improvements, and risk mitigation. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency 52

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

Una

OCTOBER 31, 2023

Risk management Identify potential risks associated with the change and develop a risk management plan. By proactively addressing risks, you can mitigate their impact on the implementation process. Download Una’s free playbook, How to Manage Risk Using a Group Purchasing Organization: 13.

Change management 52

Change management Management Procurement Leadership 52

Una

JUNE 8, 2023

The matrix categorizes items into four quadrants based on two key factors: supply risk and profit impact. [Bottom left] Non-Critical items: These items have a low supply risk and a low profit impact. Bottom right] Bottleneck items: These are items that have a high supply risk but a low profit impact. appeared first on Una.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Planergy

OCTOBER 18, 2023

A well-designed corporate travel program prioritizes employee safety by vetting travel suppliers, providing travel risk management resources, and offering 24/7 support for travelers in case of emergencies. This reduces the risk of non-compliance penalties and enhances the overall company reputation.

Risk 52

Risk Real-time Visibility Negotiation Management 52

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. Hot tip: Never underestimate the potential impacts of procurement risk.

Purchasing 96

Purchasing Risk Management Procurement 96

Planergy

SEPTEMBER 5, 2023

Better Risk Management By identifying potential financial issues early on, budgeting allows you to mitigate business risks and implement contingency plans. This proactive approach to risk management allows you to address issues in a timely manner and minimize their impact on your business’s financial health.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Una

JUNE 15, 2023

Security and confidentiality: Sharing sensitive procurement information with an external party may raise security and confidentiality risks, requiring robust contractual safeguards. Inventory management: Outsourcing forecasting and managing inventory levels to meet demand while minimizing costs.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52