Collaboration and Risk management - Purchasing & Procurement Zone

Risk management solution providers and what their customers really want – Brooklyn Solutions

Spend Matters

OCTOBER 31, 2024

To round off that perspective we’d like to engage the thoughts of the solution providers themselves, particularly in terms of how they believe their customers perceive risk and what they want from today’s solutions. Visit our In-Depth Guide to Risk Management for an explanation of this complex environment.

Risk management

Risk management Risk Management Real-time Visibility

Key capabilities of risk management solutions (Part 1) — Enabling and supporting capabilities

Spend Matters

OCTOBER 30, 2024

As part of our series on all aspects of risk management, we are taking a look at the digital capabilities of risk solutions (supplier risk management, TPRM and SCRM). Risk governance: Risk identification and sensing; Risk analysis and evaluation; Risk treatment and mitigation; Risk monitoring; Incident management.

Risk management

Risk management Risk Management Collaboration

Risk management solution providers and what their customers really want – Exiger

Spend Matters

NOVEMBER 19, 2024

To round off that perspective, we’d like to engage the thoughts of the solution providers themselves, particularly in terms of how they believe their customers perceive risk and what they want from today’s solutions. Visit our In-Depth Guide to Risk Management for an explanation of this complex environment.

Risk management

Risk management Risk Management Real-time Visibility

Webinars

Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains

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How the importance of risk management has changed for procurement – and what to do about it

Spend Matters

OCTOBER 31, 2024

A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. It was around 2020 when I saw organizations really start to focus on risk, both the broader risk in their environment and the risks in their supply chain.”

Risk management

Risk management Risk Import Real-time Visibility

Key capabilities of risk management solutions (Part 2) – Risk governance

Spend Matters

OCTOBER 30, 2024

As part of our series on all aspects of risk management, we are taking a look at the digital capabilities of risk solutions (supplier risk management, TPRM and SCRM). Risk governance: Risk identification and sensing; Risk analysis and evaluation; Risk treatment and mitigation; Risk monitoring; Incident management.

Risk management

Risk management Risk Management Collaboration

ESG goals are a risk management necessity — An interview with Peter Smith

Spend Matters

DECEMBER 5, 2024

The coronavirus pandemic and recent weather catastrophes have made the case for most types of risk management and what one can do to mitigate the risk more obvious. In ESG-related issues, and in the case of forced labor in particular, the discussion around the risks these pose is more nebulous.

Risk management

Risk management Risk Management supply chain software solutions

Introducing the Craft Supplier Risk Management Platform

Supply Chain Brain

MAY 7, 2024

Craft is launching a user-friendly, configurable supplier risk management (SRM) platform designed for team collaboration and proactive risk mitigation.

Risk management

Risk management Risk Suppliers Management

What is the importance of risk management to procurement?

ProcurePort

NOVEMBER 10, 2023

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. appeared first on ProcurePort Blog.

Risk management

Risk management Risk Import Management

Best Practices & Strategies for Supplier Risk Management

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations.

Risk management

Risk management Risk Suppliers Strategy

A new series on Risk Management for procurement professionals

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

Risk management Risk Management Procurement

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

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

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

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships

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

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions

Electrolux’s Mirela Boldu on managing supply chain threats through education and collaboration

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

Collaboration Supply chain Management Risk management

A procurement professional’s guide to risk events and mitigation strategies — FMCG

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

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization

Spend Matters Future 5 2024: Why we chose Halo Ai

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

Risk management Risk Suppliers Supply chain

It’s Time to Rethink Supply Chain Risk Management

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

Risk management Supply Chain Efficiency Supply Chain Optimization Risk

Tariffs and Procurement (Part 3): Tech capabilities for proper tariff management

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

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

Biggest Challenges for Packaging & Container Companies in Enabling Supplier Collaboration & Automating Purchase Order (PO) Processes

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

Purchase orders Collaboration Purchasing Suppliers

Stakeholder management in procurement digital transformation: Why, what, how?

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

Stakeholder engagement Management Procurement Influencing

Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

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

Strategic sourcing Strategic sourcing Sourcing Procurement

Lene Aabo-Bjerregaard on close communication and collaboration in a crisis

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

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management

If you ignore their technology, what should you look for in a solution provider?

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

Supply Chain Optimization Risk management Collaboration Networking

Why Procurement Professionals Should Learn About S&OP

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

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency

What About Procurement Objectives?

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

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership

‘Return on Relationships’ – the ROI of building supplier relationships and how to measure it

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

Suppliers Raw materials Collaboration Management

4 steps to improving your ESG risk management to increase financial performance

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

Risk management Risk Management Sustainability

2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

JANUARY 3, 2025

Key metrics were tied to cost reduction and spend under management. Collaboration with finance was transactional rather than strategic. Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies.

Agile and Lean Supply Chain

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement

Procurement & Supply Chain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!

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

supply chain software solutions Supply chain Procurement Supply

Now Is the Time to Proactively Address Supply Chain Risk Mitigation

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

Risk Supply chain Risk management Supply

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

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

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

The Best Ways to Use Project Management to Build Resilient Supply Chains Amid Global Disruptions

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

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

Will 2021 be about Cost Reduction or Strategic Supplier Relationships?

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

Suppliers Bill of materials Procurement team Risk management

Interview: Barilla turns to multisourcing, new supplier markets and technology to overcome risks

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

Risk Suppliers Risk management Buyers

Navigating the Top 3 Procurement Challenges in 2025

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

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

Agentic AI in Supply Chains: The Future of Decision Making

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

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

What are the top 10 procurement predictions for 2030?

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

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability

Source-to-Contract — The Ultimate Guide

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

Contract Sourcing Purchase orders Bidding

Rittal, Electrical Enclosure Specialist, Confirms JAGGAER to Streamline Procurement, Increase Transparency, and Enhance Compliance

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

Supply Chain Efficiency supply chain software solutions Procurement Risk management

Tightening the Alignment between Procurement and Corporate Leaders

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

Procurement Risk management Procurement team Risk

Supply Chain Risk Grows Amid Ongoing Tariff Uncertainty – Business Wire

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

Supply Chain Efficiency Supply Chain Optimization Risk Supply chain

Procurement Strategy’s Role in Guarding Against Supply Chain Disruptions

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

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

What does the German Supply Chain Act Mean for Procurement?

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

supply chain software solutions Supply Chain Efficiency Supply chain Procurement

7-part analysis of risk-monitoring solutions – Vendor profiles roundup and summary

Spend Matters

DECEMBER 8, 2022

Categories: Contract Management , Procurement Systems & Architecture , Risk Performance and Compliance , Supply Risk Management , Vendor Snapshots Tags: EU , Risk , supply chain risk management Spend Matters PRO content brings you the most thorough analysis of vendors serving the procurement technology space.

Risk

Risk Risk management Contract management Contract

Risk management solution providers and what their customers really want – Brooklyn Solutions

Key capabilities of risk management solutions (Part 1) — Enabling and supporting capabilities

Webinars

Trending Sources

Risk management solution providers and what their customers really want – Exiger

Webinars

How the importance of risk management has changed for procurement – and what to do about it

Key capabilities of risk management solutions (Part 2) – Risk governance

ESG goals are a risk management necessity — An interview with Peter Smith

Introducing the Craft Supplier Risk Management Platform

What is the importance of risk management to procurement?

Best Practices & Strategies for Supplier Risk Management

A new series on Risk Management for procurement professionals

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships

Electrolux’s Mirela Boldu on managing supply chain threats through education and collaboration

A procurement professional’s guide to risk events and mitigation strategies — FMCG

Spend Matters Future 5 2024: Why we chose Halo Ai

It’s Time to Rethink Supply Chain Risk Management

Tariffs and Procurement (Part 3): Tech capabilities for proper tariff management

Biggest Challenges for Packaging & Container Companies in Enabling Supplier Collaboration & Automating Purchase Order (PO) Processes

Stakeholder management in procurement digital transformation: Why, what, how?

Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

Lene Aabo-Bjerregaard on close communication and collaboration in a crisis

If you ignore their technology, what should you look for in a solution provider?

Why Procurement Professionals Should Learn About S&OP

What About Procurement Objectives?

‘Return on Relationships’ – the ROI of building supplier relationships and how to measure it

4 steps to improving your ESG risk management to increase financial performance

2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement & Supply Chain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!

Now Is the Time to Proactively Address Supply Chain Risk Mitigation

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

The Best Ways to Use Project Management to Build Resilient Supply Chains Amid Global Disruptions

Will 2021 be about Cost Reduction or Strategic Supplier Relationships?

Interview: Barilla turns to multisourcing, new supplier markets and technology to overcome risks

Navigating the Top 3 Procurement Challenges in 2025

Agentic AI in Supply Chains: The Future of Decision Making

What are the top 10 procurement predictions for 2030?

Top 12 Most-Read Supply Chain Articles Of SCMDOJO 2024

Source-to-Contract — The Ultimate Guide

Rittal, Electrical Enclosure Specialist, Confirms JAGGAER to Streamline Procurement, Increase Transparency, and Enhance Compliance

Tightening the Alignment between Procurement and Corporate Leaders

Supply Chain Risk Grows Amid Ongoing Tariff Uncertainty – Business Wire

Procurement Strategy’s Role in Guarding Against Supply Chain Disruptions

What does the German Supply Chain Act Mean for Procurement?

7-part analysis of risk-monitoring solutions – Vendor profiles roundup and summary

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