Value Match

JUNE 13, 2022

Bid Management. What are the risks involved in your Supply Chain? The depth and breadth of risk management will be very different depending upon your circumstances, but some areas to consider include: Shipping disruptions – in March 2021 the Suez Canal was blocked for six days after a grounding. Categories.

Risk management 52

Risk management Supply Chain Efficiency Risk Supply chain 52

SCMDOJO

DECEMBER 11, 2023

Compliance and Risk Management: Regulatory Compliance: Ensures suppliers adhere to relevant regulations and compliance standards. Risk Mitigation: Identifies and addresses potential risks associated with the supplier’s performance. Download Free Bid Analysis Report 8.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Supply Chain Collaborator

SEPTEMBER 14, 2018

TMS solutions and associated logistics IT tools are a critical part of any successful volume shipper’s supply chain risk management plan. TMS Solution: Competitive Bidding Environment for Spot Market Quoting in TMS. Yet, that doesn’t mean shippers must pay more than they absolutely have to.

Competitive bidding 79

Competitive bidding Logistics Bidding Risk management 79

Let's Talk Supply Chain

FEBRUARY 21, 2025

Moreover, implementing a robust risk management strategy, diversifying sourcing locations, and investing in employee training and development are also essential ‍tactics to navigate the shifting supply chain ‍landscape successfully.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Logistics Supply chain 52

Procurement Tactics

OCTOBER 18, 2022

ProcureWare is an e-procurement system that offers sourcing, contract management, and supplier management functionalities. It enables companies to perform improved online bidding tasks, contract administration, reporting, risk management, and document management.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Arkestro

DECEMBER 26, 2024

E-procurement implementation creates a direct connection between the supplier and buyer, helping to optimize business-to-business (B2B) and business-to-consumer (B2C) processes like emails, data entry, invoice management, purchase orders, and bids. Subscribe to news from Arkestro. No spam, just relevant procurement news and tips.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

AUGUST 17, 2021

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! Consider for just a moment trying to communicate with someone in China who speaks very little English yet had the lowest and most cost-effective bid on the parts they will manufacture. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Supply chain 105

Supply chain Supply Inventory Bidding 105

Procurement Insights

FEBRUARY 26, 2025

A traditional system might take daysrequisition forms, ERP updates, supplier bids. Hansen hints at a lean, adaptive framework. Imagine a manufacturer needing parts after a sudden demand spike. Velocity Procurement might use pre-vetted supplier pools, real-time data feeds (e.g.,

Chief Procurement Officer 52

Chief Procurement Officer Bidding Ethics Risk 52

ivalua

APRIL 8, 2021

Solutions that unify supplier records and combine 3 rd party, supplier provided and internal data provide accurate view of supplier risk. By including sub-tier risk and enabling visualization at a category level, you can improve your risk management.

Suppliers 130

Suppliers Risk Bidding Strategy 130

Supply Chain Collaborator

AUGUST 30, 2018

Carrier contract/bid management. Risk management capabilities. Integrated freight management services. Access to multiple public and private bid boards to assess capacity. Her TMS solution wish list includes: End-to-end execution. Connectivity. Ease of use. Security and support. Item visibility.

e2e 81

e2e Bidding Logistics Influencing 81

Procurement Templates

NOVEMBER 11, 2022

In-Scope Organisations should ensure that any apprenticeship and/or skills commitments contained in the bid, for example, the number of new apprenticeships the bidder commits to creating in performance of the contract, are subsequently included in contracts. • KPIs should measure compliance against the tender / contract measures.

Procurement 130

Procurement Contract Supply Chain Efficiency Bidding 130

ivalua

JANUARY 21, 2020

The next level of risk management might include identifying and tracking subcontractors and second tier suppliers as well as general contractors/first tier suppliers. Transparency : The public needs as much visibility into public sector procurement as possible, and that includes suppliers who may wish to bid for city/county contracts.

Procurement 100

Procurement Eprocurement Suppliers Bidding 100

Spend Matters

AUGUST 16, 2023

Growing concerns over geopolitical risks and supply shortages are raising the expectations for supplier risk management. We augment and enrich customers’ data with historical performance, cost and service levels, ESG capabilities, risk and more.

Procurement 98

Procurement Procurement team Buyers Bidding 98

Jaggaer

FEBRUARY 13, 2025

Compliance with national and international regulations is of course a pressing concern to avoid fines, disruptions to operations and reputational risk. These include risk management and resilience in a volatile world. Companies want to avoid or mitigate disruptions to the supply chain and manage stranded assets.

Leadership 52

Leadership Procurement Supply Chain Efficiency Sustainability 52

World of Procurement blog

APRIL 23, 2024

Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers. This process emphasizes not just cost savings but also value creation, supplier performance, and risk management. A proactive approach to risk management can safeguard against unexpected challenges.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers. This process emphasizes not just cost savings but also value creation, supplier performance, and risk management. A proactive approach to risk management can safeguard against unexpected challenges.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Empowering CPO

DECEMBER 3, 2020

If the supplier is offering inconsistent prices, suspiciously high prices or there is a huge difference in price of winning bid and other bids, surprisingly similar prices between bids, fewer bids for a particular market or suspicious subcontracting agreements, then it should trigger an alarm for you. Contact us today.

Bidding 52

Bidding Chief Procurement Officer Strategic sourcing Strategic sourcing 52

Value Match

AUGUST 25, 2022

Bid Management. Value Match have covered mitigating supply chain risk management in the wake of global food shortages earlier this year. As both the public and private sector organisations grapple with the associated risks, what more can be done to combat climate change? Categories. Best Practice Guides.

Procurement 72

Procurement Procurement strategies Bidding Supply chain 72

TYA Suite

OCTOBER 27, 2024

Additionally, the software can automate the request for proposal (RFP) and request for quotation (RFQ) processes , enabling businesses to gather and compare vendor bids more efficiently. Businesses can then take proactive measures, such as diversifying their supplier base or negotiating contingency plans with vendors, to mitigate these risks.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Planergy

FEBRUARY 24, 2025

This often involves sending a request for proposal (RFP), competitive bidding, detailed evaluations, and comprehensive vendor performance assessments. Vendor Selection Rigorous vendor selection processes ensure institutions partner with suppliers who can consistently meet quality, cost, and delivery expectations.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

TYA Suite

JANUARY 27, 2025

Advanced Features of Procurement Management Systems are advanced features of procurement management systems that enable electronic transactions between buyers and suppliers. These solutions streamline the by automating tasks such as vendor registration, bid submission, and order placement. is crucial for establishing successful.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

SCMDOJO

JUNE 28, 2024

Key competencies: Direct & indirect materials Function Strategy & transformation Digitalization ESG Risk management Supplier Relationship management She is an invited lecturer and Award-Winning Speaker, nominated for ‘Best Procurement CPOs – Russia’ list.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

Arkestro

SEPTEMBER 19, 2023

Generative AI through autonomous sourcing will focus on risk management, process automation and decision making. In one day, Holman experienced 7% savings, eventually saving $202,000 in the first bid cycle alone. Through Predictive Execution , we utilize past buying patterns to break down your spend and PO volume over time.

Sourcing 52

Sourcing supply chain budgeting Procurement Bidding 52

World of Procurement blog

APRIL 23, 2024

Supplier Management Systems: Assist in managing supplier relationships, evaluating supplier performance, and ensuring compliance. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement 52

World of Procurement blog

APRIL 23, 2024

Supplier Management Systems: Assist in managing supplier relationships, evaluating supplier performance, and ensuring compliance. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement 52

Empowering CPO

FEBRUARY 20, 2023

After receiving the responses (pre-bids) it was realized that most of the vendors did not quote for all the SKUs within one specific lot. As a part of this process, the lots were created on the basis of delivery location. Each lot included all the SKUs which were to be delivered to that specific location.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52

Jaggaer

OCTOBER 24, 2024

Supplier collaboration serves as the foundation for supply continuity, agility, risk management, and resilience when disruptions occur. 2: Invest in Relationship Management Supplier relationship management (SRM) can foster a culture of transparency between businesses and their suppliers.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

Procurement Templates

MARCH 3, 2024

Risk Management : Market intelligence helps in identifying and mitigating various risks associated with procurement, such as supply chain disruptions, price volatility, geopolitical instability, and regulatory changes.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Conduct supply chain audits and due diligence on high-risk categories. Diversify suppliers across geographies to reduce concentration risk.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

APRIL 23, 2024

Demand forecasting & inventory optimization Can we finally bid goodbye to overstocked warehouses and disappointed customers? Machine learning can act as a proactive risk manager, sounding the alarm on potential risks and enabling you to take preventive measures before they turn into full-blown crises.

Supply chain management 52

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

Zycus Cognitive Procurement

JANUARY 12, 2021

3] Astute Contract Risk Management. Contract management plays an essential role in maintaining an effective and competitive supply chain. This can be done by identifying risks posed by the contract and include terms and conditions. This will help protect one from any impending threat of monitory loss.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Value Match

FEBRUARY 23, 2023

The Environmental Agency has set out it’s own risk management strategy to support the nation for flooding and coastal changes. Below are some examples: Conduct a supply chain risk assessment : Procurement teams can start by assessing the risks associated with sea level rise, including the impact on operations and infrastructure.

Procurement team 52

Procurement team supply chain software solutions Supply chain resilience Bidding 52

Arkestro

SEPTEMBER 29, 2023

Likewise, automotive company Holman Enterprises saw 7% savings in just one day of using predictive procurement software, and Bel Brands used strategic sourcing software to achieve a 10% cost savings on its final bid. Data-Driven Insights Advanced procurement software generates actionable insights from data analytics. Have some extra time?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Value Match

JUNE 27, 2022

Bid Management. Procurement teams can support the catering provision by managing their supply chain and risk management. Categories. Best Practice Guides. Case Study. Circular Economy. Community Story. Contract for Change. Environment and Climate. Equality and Inclusion. Government Buying Standards. Legislation.

Contract 52

Contract Suppliers Procurement team Quality 52

Supply Chain Game Changer

JANUARY 9, 2019

Each of these nine steps of the tactical purchasing process should be known inside and out: Determining a need Communicating the need Reviewing the need Finding potential suppliers Conducting bidding and/or negotiation Selecting a supplier Formalizing the commitment Following up Closing out the transaction. What is risk management?

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

Arkestro

OCTOBER 10, 2024

Reduced Rates Amazingly, the customer received bids representing reduced rates in every lane. In addition, the team was able to bid all lanes (roughly 4,000) across 22 plants with no incremental resources, allowing them to execute the project in less than a month.

Procurement team 52

Procurement team Innovation Procurement Bidding 52

Una

SEPTEMBER 21, 2023

Competitive bidding Encouraging suppliers to compete for your business through competitive bidding processes can result in more competitive pricing and better terms. It involves identifying and mitigating potential risks and inefficiencies in the procurement process.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52