Spend Matters

SEPTEMBER 26, 2024

For this year’s Spend Matters Fall 2024 SolutionMap release – our comprehensive methodology designed to help organizations evaluate and select procurement solutions – we launched a new module: third-party (and supply chain) risk management (TPRM and SCRM).

Risk management 117

Risk management Risk Management Procurement 117

Procurement Templates

NOVEMBER 21, 2024

Consult Legal Teams: Collaborate with in-house legal experts to draft and review procurement contracts. Audit Supply Chains: Identify and address environmental and social risks in the supply chain. Collaborate with Suppliers: Encourage suppliers to adopt sustainable practices through joint initiatives. Coursera, Udemy).

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Jaggaer

OCTOBER 24, 2024

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. Growth Strategic supplier relationships are vital for supporting business growth.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

Procurement Leaders

MARCH 10, 2023

For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function. “We are not only focused on cost-reduction, but also added value when we talk about sustainability, innovation and risk avoidance.

Collaboration 147

Collaboration Supply chain Management Risk management 147

Spend Matters

NOVEMBER 19, 2024

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways.

Risk 111

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 111

Spend Matters

NOVEMBER 7, 2024

What is Halo Ai HaloAi is a third-party risk management (TPRM) solution that aims to be a one-stop shop for third-party risk so that organizations do not need multiple point solutions. Halo Ai uses AI models to connect, correlate and contextualize real-time data points to bring customers the full risk story.

Risk management 111

Risk management Risk Suppliers Supply chain 111

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. Improving Supplier Collaboration. Fortunately, we have what we need today.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

Spend Matters

DECEMBER 16, 2024

In part 3 we look at the tech that can support Procurement in tariff management. Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Design-for-Supply part 1, part 2, part 3 and part 4.

Agile and Lean Supply Chain 110

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 110

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

SCMDOJO

JANUARY 9, 2025

Key Benefits of Strategic Sourcing Building Long-Term Supplier Partnerships Strategic sourcing focuses on identifying and collaborating with suppliers who align with a companys long-term goals. Greater Supplier Satisfaction: Engaged suppliers who see the value in a long-term partnership are more willing to collaborate and innovate.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Procurement Leaders

DECEMBER 9, 2022

We are proactively communicating with top management to provide a heads-up in terms of financial target planning and support for action planning – both in terms of macro updates and raw-material price impacts. What new capabilities are you looking to develop in your team to help you navigate this period of volatility?

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Procurement Insights

OCTOBER 31, 2024

In the meantime, here are a few insights from my 40-plus years in high-tech and procurement regarding one of the previously mentioned four points: Collaborative Supplier Networks: How do you achieve the flexibility and adaptability to respond to “unpredictable markets?” What are collaborative supplier networks?

Supply Chain Optimization 75

Supply Chain Optimization Risk management Collaboration Networking 75

SCMDOJO

OCTOBER 28, 2024

Sales & Operations Planning (S&OP) is an established industry process that aims at finding a balance between demand and supply and streamlining cross-functional collaboration. This collaborative approach leads to a more proactive and preventative approach to quality management.

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

Procurement Templates

DECEMBER 11, 2024

Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Having good relationships with our suppliers means that they are also willing to work with procurement collaboratively, after all a win win situation should benefit both parties. Wait, what about stakeholders?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Spend Matters

MARCH 25, 2025

How procurement can effectively manage stakeholders To drive digital transformation, procurement leaders must take a structured approach to identifying, engaging and collaborating with stakeholders. Building cross-functional collaboration Cross-functional collaboration is essential for successful procurement transformation.

Stakeholder engagement 70

Stakeholder engagement Management Procurement Influencing 70

Spend Matters

NOVEMBER 14, 2024

State of Flux’s best practice model consists of six pillars that have been the staple of its proposition from the outset: value, engagement, governance, people, technology and collaboration. Engagement — Between the business managers who are working with suppliers on a daily basis, including the C-suite, and the suppliers themselves.

Suppliers 114

Suppliers Raw materials Collaboration Management 114

IBM Supply Chain Blog

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. Focusing on ESG Risk Management can help your organization become more profitable, and your organization can start on this journey today. Collaborate with suppliers.

Risk management 78

Risk management Risk Management Sustainability 78

ivalua

APRIL 23, 2020

The overall theme is the “Journey to Procurement Excellence”, focusing on how Procurement can deliver value through supplier collaboration, supplier risk management and more advanced strategies and capabilities to deal with Procurement and supply chain management risks and challenges – while not forgetting cost and operational perspectives.

supply chain software solutions 46

supply chain software solutions Supply chain Procurement Supply 46

Supply Chain Brain

SEPTEMBER 25, 2024

Traditional supply chain risk-management strategies are based on limited and static sources of insight, and often fail to support cross-functional collaboration

Risk 115

Risk Supply chain Risk management Supply 115

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. The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures.

Supply chain resilience 242

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

SCMDOJO

FEBRUARY 15, 2025

In supply chain operations, it plays a crucial role in mitigating risks, improving response times, and optimizing workflows. By using its main principles, companies can: Identify risks early and develop contingency plans. Improve collaboration between suppliers, manufacturers, and logistics partners.

Project management 91

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 91

ivalua

JANUARY 29, 2021

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management.

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

Let's Talk Supply Chain

MARCH 7, 2025

Collaborative Approaches for Resilient ‍Supply Chains Collaborative approaches in supply chain management have become crucial in navigating the challenges posed by the ongoing tariff ‍uncertainty.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Risk Supply chain 52

Procurement Leaders

DECEMBER 9, 2022

Our challenges are linked to digitalisation, risk management and inflation. We have a three-year plan to switch or develop new digital solutions across e-sourcing, catalogues, vendor planning, collaboration, spend analysis and scorecards, etc. Digital, risk management and relationship-building skills.

Risk 130

Risk Suppliers Risk management Buyers 130

Jaggaer

FEBRUARY 28, 2025

Supplier Collaboration: Collaborate with suppliers to explore joint cost-savings initiatives. Risk Management: Develop a comprehensive risk management plan identifying potential disruptions and outlining mitigation strategies. This can free up procurement professionals to focus on higher-value activities.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52

SCMDOJO

FEBRUARY 16, 2025

Symphony AI Symphony AI provides AI-driven enterprise supply chain management, offering real-time insights and risk management solutions. Assists with supplier performance assessment, risk management, and logistics optimization. Provides end-to-end supply chain visibility and real-time insights.

Supply Chain Efficiency 73

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 73

Procurement Insights

DECEMBER 11, 2024

Real-time data will inform sourcing decisions, risk management, and supplier relationships, leading to more informed and agile procurement functions. Strategic Supplier Collaboration** : Procurement will shift from transactional interactions to strategic partnerships with suppliers.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

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

MARCH 7, 2025

With technology-driven solutions, governments can: Enhance Transparency AI-powered procurement systems ensure greater visibility, reducing the risk of fraud and inefficiencies. Improve Supplier Collaboration Digital platforms facilitate smoother interactions, from onboarding to contract execution.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Procurement Tactics

MARCH 23, 2023

Digital platforms can help the source-to-contract process to be more manageable as it allows for automated bidding, digital purchase orders, online payments, and supplier collaboration. Collaborative sourcing When suppliers, sourcing experts , and procurement professionals come together, they make sourcing more collaborative.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Jaggaer

MARCH 20, 2025

Optimized Risk Management and Improved CSRD & ESG Compliance JAGGAER also supports Rittal in other key areas such as risk management, EU Corporate Sustainability Reporting Directive (CSRD) and ESG compliance.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Risk management 52

ivalua

MARCH 16, 2022

Not surprisingly, risk management and cost reduction are considered the most important priorities for Procurement professionals (see image 1). . Risk Management is Top of Mind. On the increased importance of managing risk. CEO Risk Management Priorities. Main Corporate Risks.

Procurement 130

Procurement Risk management Procurement team Risk 130

SCMDOJO

FEBRUARY 21, 2025

Heres how: Diversifying the Supplier Base to Reduce Dependency Risks Implementing Risk Assessment & Contingency Planning Balancing Cost Optimization with Resilience Strengthening Supplier Relationships & Collaboration Leveraging Technology & Data-Driven Procurement What Are the Benefits of Refining Your Procurement Strategy?

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

ivalua

JANUARY 8, 2023

The new set of regulations add an additional layer of compliance and risk management to the procurement process. These extra steps may require additional resources and expertise, and more sophisticated technologies and tools to better manage the process. The post What does the German Supply Chain Act Mean for Procurement?

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Procurement Tactics

OCTOBER 13, 2022

Additionally, it assesses the suppliers of the company to find the best supplier in the market and collaborate effectively which will enable them to establish a long-term relationship. What is a Strategic Sourcing Manager? A strategic sourcing manager is often confused with a procurement manager. Risk management.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Let's Talk Supply Chain

FEBRUARY 24, 2025

Ron Greene, EVP, Risk and Intelligence at Overhaul. Ronald Greene brings over 25 years of experience in the security and risk management industry, with a specialized focus on cargo theft mitigation. Throughout his career, Ronald has been dedicated to developing effective risk management strategies.

Supply Chain Efficiency 52

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

ivalua

JUNE 4, 2020

Obviously, these methods of capturing and recording data have limitations, and these limitations can hamper decision making in several ways, and ultimately impact the management and resilience of the organizations supply chain. Some of these challenges include limited: Ability to collaborate, identify opportunities or issues and act.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173