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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Data silos also inhibit agility, Keeley said. “As

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5 New Year’s Resolutions for Procurement

Una

There are dozens of excellent survey software alternatives on the market, ranging from webpage pop-ups to app-based mobile surveys and plug-ins for platforms like Slack and Teams. Survey all stakeholders, including your own team, end-users of your procurement systems, your suppliers, heads of other functions, and your leadership team.

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Risk Management in Procurement: Strategies and Tools for Success

Empowering CPO

Effective risk management in procurement is crucial to ensure uninterrupted supply chains, maintain cost-efficiency, protect organizational reputation, and ensure compliance with legal and regulatory requirements. Steps in Procurement Risk Management Process A.

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Why Procurement Pros need to understand Contracts

World of Procurement blog

You may have gone out to the market with a set of specs and asked for Suppliers to come back to you with options as to how they can fulfill your requirements. When evaluating the suppliers’ responses you might have found the perfect component that a supplier is going to make bespoke for you. It should be in the RFP.