article thumbnail

2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

20202024: Procurement as a Strategic Business Partner Accelerated Evolution During the COVID-19 Pandemic : The pandemic underscored procurement’s role in ensuring supply chain resilience , managing disruptions, and navigating shortages.

article thumbnail

A guide to vendor due diligence: Process, policy, software & checklist

TYA Suite

When you know a vendor is financially strong, compliant with regulations, and has a good track record, you can build a more stable and long-term relationship with them. Strong vendor partnerships lead to better communication, smoother operations, fewer conflicts, and improved service levels over time.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Procurement Trends 2025: Automation, Analytics & Strategy

Planergy

Vendor management has also improved, with automated tracking tools helping procurement professionals negotiate better terms, meet deadlines, and build trust with suppliers.[2][6] 2][6] Procurement Automation Strengthened Supply Chain Resilience In a volatile global market, supply chain resilience is top of mind.

article thumbnail

Dun & Bradstreet Offers Complimentary Supply Chain Evaluation

Let's Talk Supply Chain

This initiative comes at a crucial time when global disruptions have underscored the importance‍ of robust supply chains. By leveraging Dun & Bradstreet’s expertise, companies can proactively identify vulnerabilities, optimize their supplier networks, and strengthen overall supply chain resilience.

article thumbnail

16 Key Features to Prioritize When Choosing Procurement Software

TYA Suite

Then there's vendor management--having all supplier info, contracts, and history in one place makes things way easier to track. Supplier risk monitoring and analysis capabilities, such as financial health and compliance checks, are needed to offer assurance for supply chain resilience.

article thumbnail

Supply Chain Disruptions in Schools: Challenges and Solutions

Planergy

Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.

article thumbnail

The Rise of Women in Supply Chain: Career Choice

SCMDOJO

Deep knowledge of procurement, sourcing, vendor management, and category management in different categories. Vera has delivered programs on “Supply Chain Resilience,” “Risk Management,” “Procurement Digitalization”, “Procurement Transformation”, “Category Strategies”, “SRM,” and other topics.