Procurement Software

AUGUST 27, 2024

The Procurement Category Manager role has been the backbone of the procurement profession over the past 20 years. In addition, supply chains and risk management have become more complex, requiring a less siloed and more joined-up approach to managing strategic suppliers. He or she won’t need to be a metallurgist.

Category management 52

Category management Management Procurement Agile and Lean Supply Chain 52

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. Implement category management to gain deeper market expertise and create tailored sourcing strategies.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

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. is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and category management.

Supply chain resilience 242

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

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Category Management Category management refers to the focused management of individual aspects of your procurement process.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Una

FEBRUARY 18, 2025

When was the last time you took a good, hard look at your category management strategy? A fresh, dynamic category strategy is essential for driving continuous improvement and making sure your procurement efforts are truly adding value to your organization. One of the best ways to supercharge your strategy?

Category management 40

Category management Strategy Management Procurement team 40

Procurement Templates

MARCH 7, 2024

Contract management: Procedures for drafting, negotiating, executing, and monitoring contracts to ensure compliance with terms and conditions, as well as regulatory requirements. I curate best book marks so you don’t need to hunt around!

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

Procurement Heads

FEBRUARY 22, 2023

The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. Aside from the inflation topic I mentioned already, sustainability, I think, is a top three topic for any procurement organisation based on any of the reading that I do.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Spend Matters

APRIL 4, 2024

As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management. Halo Ai addresses third-party risk management problems by consolidating supplier data into one platform with the goal of becoming a one-stop-shop for TPRM.

Procurement 110

Procurement Raw materials Risk management supply chain software solutions 110

Spend Matters

OCTOBER 11, 2022

Categories: Category Management , Managed Services , Sponsored Article Tags: Sponsored Article Gone are the days when procurement’s agenda could be contained to a small set of self-selected priorities.

Procurement 98

Procurement Category management Procurement team Risk management 98

Jaggaer

FEBRUARY 20, 2025

But before this can happen someone has to identify suitable vendors to secure goods and services at the best value (not necessarily the lowest price) within a variety of constraints (risk management, ESG and regulatory factors etc.). Category management segments your expenditure into areas which contain similar or related products.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Leaders

JUNE 24, 2024

As a reminder, last year’s report provided members with unique findings into: The link between procurement influence and superior performance; teams with more spend under category management typically recorded improved ROI.

Leadership 130

Leadership Strategic planning Category management Influencing 130

Procurement Software

JANUARY 26, 2025

Automation and Efficiency Automation liberates procurement professionals from mundane transactional tasks, allowing them to focus on strategic initiatives like category management, sustainability, and fostering innovation with key suppliers. Advancements in automation will reduce the need for administrative and operational roles.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Category management 52

Procurement Tactics

OCTOBER 13, 2022

The following are some of the responsibilities strategic sourcing managers do in their work: Supervise the supply portfolio to ensure transparency of spending. Generate and integrate efficient sourcing and category management strategies. Skills Necessary to be a Strategic Sourcing Manager. Risk management.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

ivalua

JANUARY 30, 2023

You need emission data that will allow category managers and buyers to report emissions tied to their organization’s purchasing activity at a category or product level. Corporate emission data from suppliers’ CSR reports or 3rd party climate change questionnaires are not actionable.

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

You need emission data that will allow category managers and buyers to report emissions tied to their organization’s purchasing activity at a category or product level. Corporate emission data from suppliers’ CSR reports or 3rd party climate change questionnaires are not actionable.

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? Demand planning capabilities.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

CPO Rising

FEBRUARY 17, 2023

Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team.

Category management 52

Category management Procurement team Management Sourcing 52

ivalua

OCTOBER 27, 2020

The comprehensive project spanned Supplier Information, Risk, & Performance Management, eSourcing, Contract Management, Catalog management, Spend Analysis, Savings Tracking, Category Management & overall change management.

Supply Chain Efficiency 26

Supply Chain Efficiency Chief Procurement Officer Procurement Networking 26

Spend Matters

JANUARY 11, 2023

The solution’s flexibility extends to other use cases like category management and innovation which benefit from capturing relevant news and information, thus setting Owlin apart from other SxM/Risk Management solutions.

Risk 98

Risk Data Category management Buyers 98

CPO Rising

AUGUST 25, 2023

Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team.

Category management 52

Category management Procurement team Management Sourcing 52

ivalua

APRIL 13, 2021

Effectively category management, including assessing and monitoring suppliers and your risk exposure, is not possible without quality data. Manage categories like a financial portfolio. Success requires the following: Gain control of enterprise supplier data.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Collaboration 130

Spend Matters

MARCH 20, 2024

The examples represent the following segments: AP Automation/Invoice-to-Pay, Carbon Management, Contract Lifecycle Management, E-Procurement, Procure-to-Pay (P2P), Source-to-Contract (S2C), Source-to-Pay (S2P), Sourcing, Spend and Procurement Analytics, Supplier Management (SxM) and Supplier/Third-party Risk Management.

Procurement 114

Procurement Contract Sourcing Category management 114

Procurement Leaders

MARCH 22, 2023

We’ve invested resources in specialist risk-management capability – which is a legacy of Covid, when we realised we needed a more systematic approach to mitigation planning. Finally, our transactional efficiency programme has been boosted by the appointment of a manager with a passion for automation and systems-thinking capability.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Risk Suppliers 130

Jaggaer

MARCH 19, 2025

At each stage we can build capabilities in support of sustainability and risk management alongside the traditional focus on cost. First, we can enrich our spend analytics with ESG-related information such as greenhouse gas emissions and risk-related information such as risk per country.

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

Spend Matters

JANUARY 5, 2024

Gatekeeper combines contract lifecycle management with third-party risk management, two areas that are related but usually addressed with disparate software tools.

e2e 103

e2e Procurement supply chain software solutions Contract 103

Spend Matters

JANUARY 25, 2024

In fact, I think procurement’s remit will continue to evolve to lead broader supply chain risk management, given the growing variety and number of risks faced such as geopolitical tensions, sustainability expectations, the need for more diverse sources of supply, and lingering labor availability concerns.

Procurement solutions 101

Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 101

Supply Chain Game Changer

OCTOBER 28, 2021

Magnus Carlsson’s book, Strategic Sourcing and Category Management: Lessons Learned at IKEA is a masterful composition and guideline of how a procurement and sourcing organization can start building a quality infrastructure by gaining inspiration from IKEA’s procurement triumphs and failures.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Procurement Leaders

JUNE 9, 2022

To reach an expert level, staff are offered the chance to manage on-the-job activities, such as leading a project or managing a major negotiation and encouraged to seek external recognition. They can then participate in live training, where tools can be applied in practice. Creating a “Sense of Belonging”. Advice for others.

Category management 130

Category management Strategy Procurement Innovation 130

Procurement Heads

APRIL 26, 2023

In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers. I believe procurement’s focus will still be to protect margin, limit cost escalation and supply disruption, and provide proactive risk management solutions.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers. I believe procurement’s focus will still be to protect margin, limit cost escalation and supply disruption, and provide proactive risk management solutions.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

ivalua

JUNE 1, 2022

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. In fact, they experienced just two weeks of disruption before they were up and running.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

MARCH 16, 2021

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. In fact, they experienced just two weeks of disruption before they were up and running.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

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.

supply chain budgeting 98

supply chain budgeting Budget Agile and Lean Supply Chain Risk 98

Una

NOVEMBER 16, 2022

Improved supplier risk management. Less time spent researching and negotiating with suppliers A central location for purchase orders, invoices, and spend reports Simpler inventory management Minimized maverick spend Procurement specialists do the purchasing Provides an opportunity to implement strategic sourcing for all locations.

Procurement 98

Procurement Purchasing Procurement team Supplier negotiation 98

Spend Matters

JANUARY 9, 2024

This might be for small use cases like replacing Google when we have a question or more advanced cases like supporting category managers in the buying process. We’ve embedded AI into strategic areas of procurement such as risk management, due to the sheer amount of value it can deliver.

Procurement 106

Procurement Buying process Category management Suppliers 106

Positive Purchasing

NOVEMBER 1, 2023

James: I’m not an IT person, but I do understand the digital procurement landscape, though I approach it from a procurement category management background rather than a software development/CTO background. A central repository – to manage your sourcing events and contract data.

Procurement 111

Procurement supply chain budgeting Category management Budget 111