Spend Matters

AUGUST 8, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the shift in CPO priorities towards supply-related risks. It does acknowledge, however, that “many of the providers covered in the series offer supplemental services that assist in risk management.”

Risk management 98

Risk management Risk Management supply chain budgeting 98

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. Join us on this exploration as we uncover the definitions hidden within the realm of procurement reports and access free sample reports!

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

ivalua

NOVEMBER 26, 2020

Supply Chain Risk Management on the World Stage – Lessons Learned. While many of these lessons learned may not seem surprising, they do have a definite impact on an organization’s strategy, response, processes, and tools. Continuously monitor changes – Nothing has changed with this recommendation.

Agile and Lean Supply Chain 264

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy 264

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. Learn More About Evolution Of Supply Chain Management And Logistics 6.

Supply Chain Efficiency 95

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

Finale Inventory

JULY 21, 2024

This article covers the various definitions and applications of arbitrage, as well as its different types, mechanics, and legal implications. The basic definition of arbitrage involves buying a product or asset at a lower price in one market and selling it for a higher price in another market. The post What is Arbitrage?

Ethics 52

Ethics Inventory Price Risk management 52

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Finale Inventory

JULY 25, 2024

Definition of Inventory Holding Costs Inventory holding costs are the expenses related to owning and managing inventory. These costs include storage costs, service costs, and risk costs. Service costs include expenses for handling, managing, and tracking inventory, such as labor costs and technology investments.

Inventory 52

Inventory Inventory control Quantity Risk 52

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

Supply Chain Game Changer

JUNE 16, 2020

While most jobs are not life threatening the level of risk is still prevalent. What are the risks that Supply Chain people deal with every day and what is Supply Chain Risk Management? Supply Chain Risk Management. I didn’t know it at the time but this was Supply Chain Risk Management.

Risk management 57

Risk management Supply Chain Efficiency Supply chain Risk 57

Procurement Tactics

JUNE 28, 2023

Its definition, history, how it affects economies, and how it evolved. Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. It provides risk management solutions specifically for commodities. What are Commodities?

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Una

JULY 13, 2023

The Definition of a Sourcing Hero Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, it has become a tradition of sorts for Kelly to ask each guest a question.

Sourcing 52

Sourcing Agile and Lean Supply Chain Supply Chain Efficiency Procurement 52

Finale Inventory

JULY 22, 2024

This article covers MTS’s definition, key terms, practical insights, its role in ecommerce, the implementation process, and its advantages and drawbacks. Key Terms and Definitions in MTS Understanding some key terms related to MTS helps in grasping the concept: Lead Time: The period from order placement to delivery.

Inventory 52

Inventory Raw materials Order Fulfillment Supply Chain Efficiency 52

Spend Matters

FEBRUARY 5, 2025

Lets start with a few definitions. To kick off this series, we would like to set the stage and position the building blocks that subsequent pieces will explore further. Digital transformation: What does it even mean? Weve all heard the buzzwords: digitization, digitalization and digital transformation.

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

Spend Matters

OCTOBER 16, 2024

Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes financial risk? Financial risk is inherent to the business uncertainties every company faces. Specific risks pertain to certain markets and industries. And see our definitions of risk here.

Risk 114

Risk Risk management Suppliers Raw materials 114

The Procuretech Podcast

OCTOBER 30, 2022

Risk Management, Tech and Resilience - David Loseby from Leeds Uni Business School. Today we're tackling a big Elephant in the room that everyone's got their eye on right now: The world of third party risk management. . David is one professor who definitely has the real life experience to back up what he teaches!

Risk management 40

Risk management Risk Management Influencing 40

Supply Chain Game Changer

JANUARY 11, 2022

Brand Protection – The Definitive Role of the Supply Chain! Brand Protection – The Definitive Role of the Supply Chain! Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! Supply Chain Personified!

Supply chain management 91

Supply chain management Supply chain management Supply chain Import 91

ivalua

JULY 22, 2020

Also, the guidelines offer a broader definition of outsourcing and bring a special focus on “critical activities”: Outsourced : an authorized entity’s use of a third party to perform activities that which would normally be undertaken by the authorized entity. risk strategy & oversight of business operations). fourth-party risk).

Risk management 130

Risk management Risk Contract Suppliers 130

Pipefy

MAY 22, 2024

Find out why IT departments trust Pipefy Learn more The post Total Cost of Ownership (TCO): Definition, Components, and Examples appeared first on Pipefy.

Cost of ownership 52

Cost of ownership Purchasing supply chain software solutions Supply Chain Optimization 52

Procurement Heads

FEBRUARY 23, 2023

James Dobbin , Director and Head of Practice for Procurement Heads’ Financial & Professional Sector, added, “Across financial services, we’re seeing high demand for vendor management specialists, with the sector heavily regulated there’s a definite focus on operational resilience and risk.

Vendor management 130

Vendor management Influencing Demand Risk management 130

Procurement Freelancers

MARCH 30, 2025

Synopsis: Definition & Role: A supply chain consultant optimizes procurement, logistics, inventory, and risk management… The post What Does a Supply Chain Consultant Do? A Complete Guide first appeared on Procurement Blog | Procurement & Supply Chain News.

Supply Chain Optimization 52

Supply Chain Optimization Supply chain Risk management Supply 52

ivalua

FEBRUARY 4, 2020

When you think that many CPOs are looking to Supply Chain professionals in their organizations for data which will be used to make strategic decisions on AI, IOT, blockchain and contract automation, there is definitely a compelling reason to get this right. But it’s not easy. Source: 2019 Supply Chain Data Quality and Governance Study.

Data 130

Data Quality Supply chain Suppliers 130

ivalua

SEPTEMBER 26, 2019

Despite the general consensus that risk management is important, recent studies have found that many companies still have a long way to go and a lot of work to do…. Many countries have also introduced new regulations on sustainability (modern slavery, conflict minerals), or diversity, which add new risk factors in terms of compliance.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Risk Supply chain Risk management 100

Supply Chain Opz

SEPTEMBER 9, 2013

This also enables them to manage product quality more effectively due to the ease of control. 7) Establish Risk Management System : they realize that risks are the fact of life. Conclusion The secret sauce behind Samsung''s supply chain success is definitely " Best Practice Analysis ".

Supply chain 102

Supply chain Supply chain management Supply chain management Supply 102

Spend Matters

FEBRUARY 25, 2025

These terms are often used interchangeably when they actually mean very different things see our definitions here. This poor understanding of what technology can do and what organizations can do with it is painfully evident in the misuse of words like digitization, digitalization and digital transformation.

Real-time Visibility 113

Real-time Visibility e2e Procurement Negotiation 113

Spend Matters

JANUARY 29, 2024

In no order of preference, today let’s hear from Justin Dillon, CEO of supply chain risk management solution provider, FRDM , one of Spend Matters 50 Procurement Providers to Watch. Our series runs from mid-December to end-January, then our senior analysts will wrap up with their own take on the key themes that emerge.

Procurement solutions 111

Procurement solutions Supply Chain Efficiency Procurement Supply chain 111

Planergy

APRIL 19, 2023

How better management in AP can give you better flexibility for cash flow management. Download Free Copy Accounts Payable: What Is It, Definition, Job Description, Process, and Software Written by Keith Murphy 32 min read AP Automation Invoice Processing Process & Procedures Download PDF IN THIS ARTICLE What Is Accounts Payable?

Purchasing 52

Purchasing Suppliers Contract Risk 52

HICX

MAY 18, 2023

However, there is huge complexity to manage, he says. Different functional areas, such as supplier performance management, risk management and resiliency, all require different tools. As Marc Bengio explains, “Our strategy is to drive that collaboration, both internally and with our external suppliers.” 

Suppliers 52

Suppliers Strategy Collaboration Networking 52

Supply Chain Opz

JULY 7, 2013

Do you feel supply chain risk management is too complicated to implement? There are so many sophisticated methods to analyze supply chain risks. For practitioners, one question arises, how do I know supply chain risk theories actually work? The only solid case study about supply chain risk is definitely from Cisco System.

Supply chain 68

Supply chain Supply Risk Supply chain management 68

Procurement Heads

JUNE 22, 2022

Although it is a bit of a buzz word resiliency is definitely a top topic at the moment. Some of the key things we have looked at in terms of resilience, if you go back a few years we may have just called it supplier risk management but the building blocks have always been there, it is bringing that to the forefront more and more.

e2e 130

e2e supply chain software solutions Supply chain Suppliers 130

Jaggaer

APRIL 18, 2019

Core activities like spend analysis are moving toward real-time, custom and predictive analytics, while less-mature analytics functions like risk management will join procurement’s list of fundamental responsibilities. This implies close cooperation with IT. Align skills and talent with business needs.

Procurement 78

Procurement Supplier relationship management Eprocurement Risk management 78

Supply Chain Game Changer

JULY 27, 2021

” These definitions certainly make sense and they are relatable. ” Given that 52% had not even started during the pressure cooker of the pandemic, our guess is that when things become more relaxed after the pandemic an even higher percentage of companies are at risk of abandoning a resilience strategy.

Agile and Lean Supply Chain 119

Agile and Lean Supply Chain Supply chain Strategy Real-time Visibility 119

Supply Chain Collaborator

SEPTEMBER 14, 2018

TMS solutions and associated logistics IT tools are a critical part of any successful volume shipper’s supply chain risk management plan. For volume shippers not equipped with the most flexible, contemporary TMS solutions, the pain about to be inflicted will definitely be amplified.

Competitive bidding 79

Competitive bidding Logistics Bidding Risk management 79

SCMDOJO

APRIL 26, 2023

Hence, category management has become more important within the procurement function as it ensures the breakdown of procurement goods and services into various categories or groups and has become a strategic approach to deal with the surge in demand for goods and services. Now let us provide you with an apt Category Management definition.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

ivalua

SEPTEMBER 2, 2019

It’s also worth pointing out that this is a pretty broad definition of outsourcing. Buyers must have appropriate plans in place to ensure that the activities outsourced can feasibly be moved to another provider or brought back into the core business if necessary, including in situations where time is short. .

Procurement 140

Procurement Contract Risk Suppliers 140

Supply Chain Game Changer

MAY 27, 2020

Most risk management specialist will tell you that managing even the top 90% of suppliers by expenditures is an outmoded strategy. Rather, companies need to know, definitively, suppliers’ names and exact locations for the factories that manufacture 100% of components that go into their highest revenue-generating products.

Supply Chain Efficiency 132

Supply Chain Efficiency Supply chain Suppliers Strategy 132

Supply Chain Game Changer

JUNE 20, 2021

If you follow these basics, it will surely be a cup of tea for you to enjoy trading over here, and you will definitely get obsessed with blockchain technology because it will prevent any severe hassle for you. Include risk management tool. So, it would be better for every user to apply the risk management tools in their trading.

Risk management 59

Risk management Supply chain Risk Price 59

Procurement Heads

SEPTEMBER 6, 2023

That’s something that has definitely stayed with me. Procurement is there first and foremost as a commercial function, but now it necessarily has to step up to the mark on risk management, supply chain assurance and sustainability. If you’re spending 8 hours working in a day, what are you going to do?

Agile and Lean Supply Chain 130

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