ivalua

SEPTEMBER 19, 2022

In a Forrester Consulting survey of over 400 procurement decision makers at companies with over 1000 employees, the top barrier to ensuring supply continuity was an inability to effectively assess the overall risk across suppliers in a category. The post It’s Time to Rethink Supply Chain Risk Management appeared first on Ivalua.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

Spend Matters

SEPTEMBER 18, 2023

The post Resilinc: Vendor Analysis Update — Supply (chain) risk management solution overview, competitors, tech selection tips, analyst summary appeared first on Spend Matters. Visit the site and log in/register to read.

Risk management 120

Risk management Risk Supply chain Management 120

Spend Matters

FEBRUARY 12, 2024

In this Spend Matters Vendor Analysis, we provide an overview of Supply Risk Solutions and its solution for supplier (chain) risk management. Supplier risk management is crucial for a variety of reasons. First and foremost, it helps organizations identify and mitigate potential disruptions in their supply chain.

Risk management 111

Risk management Risk Suppliers Management 111

Spend Matters

JANUARY 7, 2025

Maja Tepeh , Senior Brand Manager at supply chain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment. However, the cost avoidance from mitigating ESG-related supply chain risks, such as regulatory fines or disruptions, is equally important.

supply chain software solutions 114

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 114

Spend Matters

AUGUST 8, 2023

Everyone is well aware of the cause of this attention amplification: scarcely any business escaped the repercussions of pandemic, but as our research analyst Abigail Ommen puts it: “Prior to the Covid 19 pandemic, only a small subset of people was acutely aware of risk management.

Risk management 98

Risk management Risk Management supply chain budgeting 98

Spend Matters

DECEMBER 18, 2023

This Spend Matters Vendor Analysis provides an overview of Gatekeeper and its contract lifecycle management (CLM) and third-party risk management (TPRM) solution. To potential buyers — Gatekeeper offers unlimited users on all of its pricing plans. This content is for members only.

Risk management 111

Risk management Contract Risk Management 111

Spend Matters

SEPTEMBER 28, 2022

Categories: Category Management , Procurement Systems & Architecture , Supply Chain , Supply Chain Management , Supply Risk Management Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Interos, a supply chain risk management (SCRM) solution built to map and model a live global view of a company’s business ecosystem.

Risk management 98

Risk management Risk Supply chain Management 98

Spend Matters

MAY 24, 2023

Categories: risk-compliance-management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Prevalent and its third-party risk management (TPRM) solution. Prevalent allows users to continuously monitor third-party vendors for security, privacy, compliance and supply-chain-related risks.

Risk management 98

Risk management Risk Management Buyers 98

Spend Matters

FEBRUARY 13, 2023

To customers — Everstream Analytics has collected over 3 trillion data points over the last 10 years and processes 8 million sources daily, enabling exceptional risk and predictive analytics for customers. Read more. )

Risk management 98

Risk management Supply Chain Optimization Risk Supply chain 98

Spend Matters

MAY 10, 2023

Categories: Procurement Systems & Architecture , risk-compliance-management Tags: PRO In this Spend Matters PRO Vendor Analysis we provide an overview of ProcessUnity and its solution for third-party risk management.

Risk management 96

Risk management Risk Management Suppliers 96

Spend Matters

NOVEMBER 18, 2024

Here’s why smartKYC matters: To the market — smartKYC increases an organization’s productivity and compliance by ensuring they never miss emerging risks or events related to their supply chain To potential buyers — smartKYC can either serve as a standalone solution to watch specific companies or integrate with other procurement solutions to provide (..)

Risk 111

Risk Suppliers Supply chain Buyers 111

Procurement Leaders

DECEMBER 9, 2022

LG: We are a team of 75 buyers globally, with 30 people in a central service centre. For example, before becoming a machinery buyer, a candidate must spend a significant period of time in the technical team. Our challenges are linked to digitalisation, risk management and inflation. Why are they so important?

Risk 130

Risk Suppliers Risk management Buyers 130

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Jaggaer

FEBRUARY 5, 2025

This hybrid approach allows for a more efficient, transparent, and accurate sourcing process, leveraging sourcing and contract management technology for speed and scale while maintaining human oversight for critical decisions. Buyers can standardize their systems and require suppliers to use compatible technologies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Insights

FEBRUARY 14, 2025

Supply chain risk management is proactive and data-driven. To do this effectively, the buyer must simultaneously engage critical stakeholders such as suppliers, courier companies and customs brokers, e.g., the Metaprise. Procurement workflows are automated using AI & smart contracts.

Networking 59

Networking Import Procurement Buyers 59

Procurement Heads

FEBRUARY 22, 2023

The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. As buyers and customers, we have loud voices and should use our influence for good. Whether that is for climate action, human rights or supporting social enterprises and diverse suppliers to thrive.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Procurement Tactics

MARCH 23, 2023

The supplier completes the purchase order and will send the goods to the buyer. After this, the supplier will send a digital invoice that states the amount to be paid by the buyer. The buyer will confirm that the orders are received and send a digital receipt.

Contract 156

Contract Sourcing Purchase orders Bidding 156

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Additionally, procurement technology can help organizations improve compliance with regulations and reduce risk.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Spend Matters

JANUARY 29, 2024

Although Sphera (the company, not the SCRM module) is a few years younger than riskmethods, it acquired riskmethods in 2022 to complete its ESG-focused offering with risk management capabilities. Sphera SCRM is the new name of riskmethods, an SCRM specialist that was founded in 2013 and has been extensively covered by Spend Matters.

Supply Chain Efficiency 110

Supply Chain Efficiency Supply chain resilience Risk management Supply chain 110

Procurement Leaders

MARCH 10, 2023

With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three. For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function.

Collaboration 147

Collaboration Supply chain Management Risk management 147

Spend Matters

OCTOBER 14, 2024

and its solution for Sourcing, Contracts, Procurement, AP Automation, Vendor Onboarding, Budgets, Reporting & Analytics and Vendor Risk Management. Companies seeking support in areas across the source-to-pay (S2P) process can struggle with managing multiple tools. To potential buyers — Zapro.ai Here’s why Zapro.ai

Sourcing 114

Sourcing Budget Market analysis Risk management 114

ivalua

JULY 13, 2022

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. The amount of data associated with these initiatives can be exponential, a burden too heavy to manage manually. ESG Objectives for Buyers.

Sustainability 130

Sustainability Buyers Suppliers Procurement 130

Spend Matters

FEBRUARY 9, 2025

Heres why RapidRatings matters: To the market RapidRatings provides a financial risk analysis solution that evaluates suppliers’ financial health through detailed analysis of their financial statements, enabling procurement teams to assess and mitigate supplier financial risk effectively.

Risk 88

Risk Procurement team Suppliers Buyers 88

Spend Matters

SEPTEMBER 19, 2024

See our Risk Management in-depth guide. New ‘My Marketing’ functionality We’re also excited to announce the launch of a new capability within SolutionMap Insider that allows for tailored, generated images to illustrate vendor comparisons.

Risk management 122

Risk management Procurement Risk Contract 122

Spend Matters

JANUARY 31, 2024

It offers a comprehensive risk assessment product that encompasses various risk dimensions, including operational risks (business continuity) and sustainability. to get fast implementation and ROI while not adding even more tasks on the shoulders of already very busy teams.

Risk management 111

Risk management Risk Supply chain Sustainability 111

Spend Matters

OCTOBER 23, 2024

Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes geopolitical risk This type of risk is a result of the current state of the world. As with other risk types, the importance of fast response cannot be overstated to avoid the potential consequences.

Risk 111

Risk Buyers Supply chain Suppliers 111

Spend Matters

OCTOBER 16, 2024

But even if matters don’t go that far, what the buyer might begin to observe in the face of a supplier’s impending failure is a decline in quality and timeliness of service, requests for early invoice payments or attempts to re-negotiate contracts. What causes financial risk? And see our definitions of risk here.

Risk 114

Risk Risk management Suppliers Raw materials 114

Spend Matters

OCTOBER 21, 2024

Analytics are vital to the success of a procurement team, as data-driven decision making, improving efficiency and productivity, risk management, cost reduction and much more all depend on solid analytics. This Spend Matters Vendor Analysis provides an overview of Spendscape by McKinsey and its solution for spend and CO2 analytics.

Procurement team 117

Procurement team Buyers Risk management Data 117

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Risk Management Through Commodity Trading, producers and consumers can be exposed to the price volatility of commodities.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Arkestro

DECEMBER 26, 2024

It streamlines the entire procurement process by centralizing and automating interactions between buyers and sellers. Subscribe to news from Arkestro. No spam, just relevant procurement news and tips. You can unsubscribe at any time. In a nutshell, e-procurement involves buying and selling supplies, equipment, and services over the Internet.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Spend Matters

MARCH 25, 2024

Here’s why Canopy matters: To the market — Canopy offers a solution to improve supplier management (SIM, performance and risk) meant for small to midsize organizations that may not have the resources for more expensive solutions, a long-standing issue in the industry. This content is for members only.

Suppliers 111

Suppliers Buyers Risk management Data 111

Spend Matters

OCTOBER 3, 2024

The appetite for third-party risk management (TPRM) within procurement and the supply chain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. Read our analysis: Risk is complex — The different types and sources of risk.)

Risk 111

Risk Risk management Supply Chain Efficiency supply chain software solutions 111

Spend Matters

DECEMBER 4, 2023

Omnea seeks to simplify the management of third-party spend across categories, removing manual approval workflows and accidental auto-renewals. Its AI-driven recommendation engine resolves issues of spend optimization and supplier oversight through its risk management capabilities. This content is for members only.

Management 110

Management Market analysis Buyers Risk management 110

Art of Procurement

APRIL 4, 2024

China’s role in the global supply chain is changing right before our eyes, leaving foreign buyers to feel the discomfort. The post Even with +1, China is still #1 appeared first on Art of Procurement.

Buyers 133

Buyers Supply chain Procurement Supply 133

Supply Chain Opz

MARCH 6, 2015

3) Risk Management: In the past, many buyers relied on safety stock inventory to mitigate any risks or disruptions to suppliers. However, now with the global supply chains and due to uncertainties over economies, weather, and political situations, new requirements and trends arise to mitigate potential risks.

Supply Chain Optimization 111

Supply Chain Optimization Supply Chain Efficiency Supply chain e2e 111

Spend Matters

OCTOBER 2, 2024

These factors explain why the World Economic Forum includes AI-generated misinformation and disinformation and cyberattacks in its top 5 risks for 2024. Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes cyber risk?

Risk 111

Risk supply chain software solutions Supply chain Risk management 111