e2e Risk management Vendor relationships 
Procurement Tactics
JUNE 28, 2023
Compliance and Risk Management Throughout the procurement process, monitoring compliance with the applicable legislation and regulations is crucial. This includes checking standards of ethics, legal requirements, supplier diversity, and minimizing any risk that may arise in connection with the procurement activities.
Procurement Tactics
AUGUST 19, 2022
This is important so that you will know if the vendors meet your standards. . Depending on their scorecard, the organization can retain them or replace them with a different vendor. . Risk management. This process involves evaluating potential risks that could negatively impact the organization. ENROLL NOW.
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Supply Chain Game Changer
NOVEMBER 16, 2022
It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Improved Vendor Relationships. Today vendors have options and like to work with companies that value relationships. Risk management.
IBM Supply Chain Blog
FEBRUARY 13, 2024
The cost of human error associated with manual processes can be steep, not to mention the toll it can take on trust within customer and vendor relationships. Technology that streamlines and automates transactions and contract management can significantly reduce these errors and expedite sourcing processes.
Procurement Software
JUNE 20, 2023
SimpliContract SimpliContract is a SaaS-based, AI-powered end-to-end enterprise contract authoring and lifecycle management platform. You can use Contract Insight to manage everything from contracts (drafting, authorising, signing, and tracking), to compliance, workflows, vendor management, and risk governance.
Pipefy
AUGUST 18, 2023
Process discovery includes the identification and definition of activities and tasks comprising a process; its purpose is to make all stages in a process visible in order to ensure clear responsibility for each of those phases. They can use data from previous sales and purchases to select preferred vendors.
Pipefy
JUNE 14, 2023
Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. Spend analytics creates the visibility procurement teams need to complete a spend analysis. ignoring the importance of data quality, 2.
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