Category management Global sourcing Risk management 
World of Procurement blog
APRIL 23, 2024
Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.
World of Procurement blog
APRIL 23, 2024
Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.
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Spend Matters
JULY 24, 2023
It’s also unsurprising to see that under the current risk environment, 80% of CPOs cite Enhancing Risk Management as a business priority, shooting ‘supply risk analytics’ up the priority agenda, from 35% in 2021 to 51% today. Category management is the core engine for scaling processes.
NLPA (Next Level Purchasing Association)
SEPTEMBER 8, 2023
A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.
ivalua
JUNE 2, 2016
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Globalization. Burton predicts that China and Brazil will become hubs for global sourcing.
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