Let's Talk Supply Chain

MARCH 2, 2025

In a whirlwind of developments in the world‍ of supply chain management, the latest headlines are buzzing with the news of boeing machinists bringing an end to thier strike. Alongside this, the Institute ‍for Supply Management has also made waves with their latest updates.

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Let's Talk Supply Chain

FEBRUARY 24, 2025

As we fast forward to the horizon of 2025, the Institute for Supply Management News ventures into the unknown, exploring the enigmatic path that lies ahead. from artificial intelligence to sustainability, behold a glimpse into what’s in‍ store for the dynamic world of supply chain management in the year 2025.

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Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 52

IBM Supply Chain Blog

APRIL 22, 2024

. “AI is an unbelievable opportunity to address some of the world’s most pressing challenges in health care, manufacturing, climate change and more,” said Christina Shim, IBM’s global head of Sustainability Software and an AI Ethics Board member. Therefore, it is critical to design and manage systems sustainably.

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Ethics Sustainability Data Suppliers 88

ivalua

JANUARY 8, 2023

The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. The new set of regulations add an additional layer of compliance and risk management to the procurement process.

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. What is a Procurement Manager?

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IBM Supply Chain Blog

MARCH 27, 2024

Many have been doing this by leading the charge on responsible AI innovation, centered on ethics and transparency, throughout their entire careers. The post The “hidden figures” of AI: Women shaping a new era of ethical innovation appeared first on IBM Blog.

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Arkestro

AUGUST 27, 2024

As artificial intelligence (AI) continues to transform supply chain operations, it’s crucial for managers to understand not only the potential benefits but also the ethical implications and risks associated with adopting these powerful tools.

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IBM Supply Chain Blog

DECEMBER 4, 2023

“Organizations are responsible for ensuring that AI projects they develop, deploy or use do not have negative ethical consequences,” as per Gartner. Yet while 79% of executives say AI ethics is important to their enterprise-wide AI approach , less than 25% have operationalized ethics governance principles.

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ivalua

JULY 12, 2021

The opportunity is around being able to leverage these regional initiatives and organizations to improve the corporation’s overall image, community engagement, and ethical spending as well as strengthening their global supply chain. This will place a strain on diversity and supplier management teams within these organizations. .

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SCMR (Supply Chain Management Review)

MARCH 1, 2024

Procurement processes must now consider ethical sourcing as a key element, and one that can significantly harm the organization if not followed.

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Skill Dynamics

DECEMBER 18, 2024

Proactively identifying and managing procurement fraud is incredibly important when safeguarding your organization’s future. Effective Strategies for Managing Procurement Fraud Regular audits and continuous monitoring play a vital role in identifying procurement fraud. Lets take a look.

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Risk Strategy Supply Chain Efficiency Procurement 52

Procurement Tactics

NOVEMBER 21, 2022

Corporate social responsibility (CSR) is the continuing commitment by businesses to behave ethically and contribute to the development of the economy all while enhancing the quality of life of its workforce and their families as well as the surrounding community. . Starbucks’ commitment to ethical sourcing. But what is it? .

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Ethics Sustainability Import Supply Chain Efficiency 209

Procurement Tactics

NOVEMBER 24, 2022

Responsible sourcing or ethical sourcing is an approach to sourcing and supply chain done by companies to consciously source and procure products or services for their operations in sustainable and ethical ways. You can think of sustainable sourcing as the cousin of ethical sourcing. Key Drivers of Sourcing Responsibly.

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Supply Chain Dive

JULY 10, 2024

A look at the ethical considerations of artificial intelligence technology in procurement, and the importance of investing in it.

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Let's Talk Supply Chain

MARCH 6, 2025

In ‍a rapidly evolving landscape where precision and efficiency are paramount, the realm of supply chain management is on the cusp of a groundbreaking change. leveraging advanced algorithms and predictive analytics, organizations can optimize inventory management, streamline logistics, and mitigate disruptions.

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Procurement Tactics

NOVEMBER 23, 2022

Corporate social responsibility (CSR) is the commitment of businesses to behave ethically and contribute to the development of the economy all while improving the quality of life of their workforce and their surrounding community. . Corporate Social Responsibility – What is it? What is Sustainability in Procurement?

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Let's Talk Supply Chain

FEBRUARY 20, 2025

The ‍company’s commitment to efficiency and operational excellence will play a crucial role in managing tariff-related uncertainties,‍ ensuring sustainable growth and profitability in the long run. Through continuous analysis and proactive measures, GM is confident in its ability to adapt to changing trade dynamics.

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SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. Risk Management : Outsourcing exposes companies to risks such as supply chain interruptions, price fluctuations, or geopolitical issues. What is a Make vs Buy Analysis?

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Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

ivalua

APRIL 8, 2020

On the other hand, let us not forget a wise piece of advice from Procurement Management expert, Natacha Trehan , in her keynote last year at Ivalua NOW – every customer wants to collaborate with the best suppliers, which means that, eventually, the supplier chooses who they want to work with. At Urgo, they do. Let’s get started!

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Suppliers Management Supply Chain Efficiency Innovation 147

ivalua

JULY 28, 2020

Covid-19 amplifies the need for SRPM solutions to better manage suppliers. London, UK – July 28, 2020 – Ivalua, a global leader in cloud Spend Management solutions, today announced that it has been recognized as a Leader by Forrester Research Inc. Recent events have amplified the need.”.

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ivalua

MAY 18, 2022

Effectively managing suppliers is now one of the most important factors in organizational success. Business leaders must adopt a new, holistic approach to supplier management. Below, we outline the 5 steps toward modernizing supplier management, addressing both transparency and effective engagement.

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Suppliers Management Supply Chain Efficiency Collaboration 130

ivalua

SEPTEMBER 19, 2022

Rather than disrupt supply, let’s disrupt supplier management. A smarter approach to supplier management requires several changes. . To properly assess risk, reduce carbon emissions and avoid ethics violations, leaders must map and assess the multi-tier supply chain. Manage Risk, Create a Competitive Advantage.

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ivalua

SEPTEMBER 8, 2022

Originally published on Risk Management Monitor. A better way of looking at those relationships is as partnerships—albeit ones that require management and alignment of objectives first and foremost, but ultimately mutually beneficial relationships. Ivalua Supplier Risk and Performance Management Checklist.

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Risk Suppliers Management Supply Chain Efficiency 130

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. This process is known as supplier risk management.

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Skill Dynamics

FEBRUARY 4, 2025

Strategic Sourcing and Supplier Relationship Management Strategic sourcing skills are crucial for procurement professionals to effectively identify and then leverage opportunities within the supply base to create value. Its also vital that you effectively manage supplier contracts to reduce risk and maximize supplier value.

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Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 59

Procurement Tactics

MAY 4, 2023

It is responsible for managing the procurement process and monitoring expenditures throughout the whole project lifecycle. This may include evaluating the supplier’s sustainability policies, adherence to labor standards, ethical business practices, and how they create their products.

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Procurement team Sustainability Procurement Negotiation 216

ivalua

JUNE 29, 2021

These programs are as familiar to procurement professionals as concepts like spend analysis or category management. Global governments and businesses are now recognizing diversity programs as an effective “ethical” mechanism to increase community engagement and correct systemic issues or historic inequality.

Business strategy 162

Business strategy Suppliers Strategy Ethics 162

Procurement Tactics

MAY 2, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Contracts — Embracing Sustainability in Procurement Sustainable contracts allow companies to oblige their suppliers to practice sustainable and ethical practices once they sign them.

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Sustainability Contract Procurement Negotiation 181

ivalua

AUGUST 21, 2022

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.

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SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization. Read More: What Does a Procurement Manager Do?

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Skill Dynamics

FEBRUARY 13, 2025

Upskilling in more strategic skills , such as risk management or sustainable sourcing, will lead to improved efficiency and innovation within your supply chain, while also providing your staff with career advancement opportunities increasing the likelihood of employee retention.

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Procurement Templates

MARCH 7, 2024

A procurement playbook is a comprehensive document or set of guidelines that outlines the processes, procedures, best practices, and standards for managing procurement activities within an organization. It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services.

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SCMDOJO

OCTOBER 30, 2024

This blog explores how MTSS platforms can be strategically utilized to build the competencies necessary for success in supply chain management. For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs.

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supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

Skill Dynamics

JANUARY 9, 2025

Understanding Supply Chain Capabilities Supply chain capabilities, to put it simply, is the sum of all the skills, processes, and technologies that help enable the efficient and effective management of the flow of goods and information. To avoid or at the very least mitigate these risks, an appropriate risk management strategy is needed.

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

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

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Procurement Heads

JANUARY 4, 2023

In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society. We have teams that look after risk and excellence because in financial services we need to demonstrate to our regulators that we have appropriate controls in procurement and supplier management.

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Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Barkers Procurement

DECEMBER 19, 2024

In the realm of modern business practices, Environmental, Social, and Governance (ESG) criteria have become integral to shaping the strategic framework of organisations aiming to operate sustainably and ethically. Environmental Monitoring This focuses on assessing and managing the ecological impacts of supply chain activities.

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