Agile and Lean Supply Chain Risk management Stakeholder engagement 
Procurement Templates
DECEMBER 11, 2024
Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies.
Spend Matters
JULY 24, 2023
So while this year’s report places a lot of emphasis on operating model set-up and talent management, we wish to highlight the ‘Digitization’ section because Procurement has a clear imperative to build agility and resilience into supply chains. Category management is the core engine for scaling processes.
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Spend Matters
OCTOBER 4, 2024
TPRM is a huge opportunity right now, as document-centric approaches die when they reach the scale needed to perform supplier management (i.e., management of risk, compliance, performance, onboarding speed and supplier collaboration that respects/accommodiates supplier requirements) with fine-grained operating models.
IBM Supply Chain Blog
DECEMBER 13, 2023
A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Engage stakeholders Identify and collaborate with internal departments, suppliers and all those who may be impacted by the plan.
The Good Spending
AUGUST 23, 2022
Value creation as the result of stakeholder engagement The authors of Stakeholder Salience model built their work around the process of value creation. Procurement must work closely with the supply chain to optimize depreciation exposure to sell or dispose of slow-moving or obsolete inventories. Moderation.
World of Procurement blog
MAY 8, 2024
Procurement Best Practices To maximize the value of procurement, organizations should follow certain best practices around ethics, sustainability, risk management, and cost savings. Conduct supply chain audits and due diligence on high-risk categories. Dual sourcing and supply chain digitization can help.
Empowering CPO
MAY 4, 2023
By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Some of the key benefits include: 1. This alignment can be achieved by: 1.
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