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. Moreover, it highlights the field’s evolving nature and emphasizes the influence of digital transformation, Industry 4.0,

Supply Chain Efficiency 95

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

Procurement Heads

FEBRUARY 22, 2023

The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. Procurement as a function is uniquely positioned to influence how a company spends its money. As buyers and customers, we have loud voices and should use our influence for good.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Spend Matters

DECEMBER 11, 2024

Within this framework, tariff management plays a key role in shaping sourcing decisions and influencing the cost and availability of direct materials. Achieving this requires a seamless integration of demand, supply and product requirements that begins in the design phase and continues throughout the whole product lifecycle.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

Spend Matters

JANUARY 23, 2025

For most companies, pricing is influenced by market dynamics like supply, demand, competition, and customer willingness to pay, which should-cost models often overlook. However, few companies can replicate this approach due to limited resources and market power. The actual price is only clear when set in a competitive market context.

Price 104

Price Negotiation supply chain software solutions Supply Chain Optimization 104

Procurement Templates

APRIL 15, 2024

These traits can influence various aspects of decision-making, including procurement decisions in businesses. Here’s how each of these traits might influence procurement: Openness to Experience: Innovation Preference: Individuals high in openness tend to be more open to new ideas, technologies, and approaches.

Influencing 130

Influencing Negotiation Risk Innovation 130

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Templates

DECEMBER 11, 2024

Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Spend Matters

FEBRUARY 10, 2025

However, even though the seminal works on corporate change management are almost two decades old, many organizations fail to navigate change due to the same reasons over and over again. We look at How to work through change: the importance of change management.

Procurement 70

Procurement Change management Influencing Innovation 70

Procurement Heads

FEBRUARY 23, 2023

APSCo’s data also reveals that while vacancy levels fluctuated throughout 2022 as economic uncertainty influenced business confidence – yearly comparisons show that new roles fell by just over 16% between January 2022 and January 2023. The data, provided by Broadbean Technology, revealed that job applications within the sector fell by 12.5%

Vendor management 130

Vendor management Influencing Demand Risk management 130

Art of Procurement

DECEMBER 14, 2023

The Racketeer Influenced and Corrupt Organizations Act, better known as RICO, is usually associated with organized crime. In 1992, it. The post Reading FedEx Ground the RICO Act appeared first on Art of Procurement.

Influencing 142

Influencing Procurement Risk management Contract 142

Procurement Leaders

JUNE 24, 2024

As a reminder, last year’s report provided members with unique findings into: The link between procurement influence and superior performance; teams with more spend under category management typically recorded improved ROI.

Leadership 130

Leadership Strategic planning Category management Influencing 130

Jaggaer

MARCH 19, 2025

Of course, the political systems in each country influence what can and cannot be done. At each stage we can build capabilities in support of sustainability and risk management alongside the traditional focus on cost. Finally contracts management puts the collaboration between buyers and sellers on a firm legal basis.

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Spend Matters

JUNE 20, 2023

This content does not express the views or opinions of Spend Matters In our previous installment on Spend Matters, we discussed the rapid evolution of Supply Chain Risk Management happening within procurement organizations. And so it should.

Risk 98

Risk supply chain software solutions Risk management Real-time Visibility 98

Spend Matters

APRIL 4, 2024

To clarify this, Bertrand Maltaverne works through the different influences on a GenAI’s design and the degrees that a GenAI may be implemented. As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management. Not all implementations are the same, however.

Procurement 110

Procurement Raw materials Risk management supply chain software solutions 110

The Procuretech Podcast

OCTOBER 30, 2022

We're continuing our mini series where we ask industry experts and influencers about everything happening in the digital procurement world. Risk Management, Tech and Resilience - David Loseby from Leeds Uni Business School. 09:39: We discuss the challenges of risk management. . My guest today is David Loseby.

Risk management 40

Risk management Risk Management Influencing 40

SCMDOJO

JANUARY 29, 2025

Proactive Risk Management: Identify and mitigate potential supply chain disruptions, ensuring business continuity and resilience. About the Author Fatima Salman Fatima Salman is a dynamic content writer and social media influencer with a knack for crafting compelling narratives that engage and inspire.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Procurement Leaders

AUGUST 25, 2023

For procurement teams to have any impact on these areas, they must first maximise the share of company spend under their control, so they can influence decisions concerning specifications, sourcing and supplier selection. This represents the continuation of a shift seen in successive Procurement Leaders research reports in recent years.

Procurement 130

Procurement Strategic planning Influencing Procurement team 130

Procurement Templates

APRIL 15, 2024

Imagine starting a new procurement role where you have a real chance of making changes and influencing the procurement direction. Stage 6: Risk Management Days 51-60 Risk Assessment: Conduct a comprehensive risk assessment to identify potential risks related to suppliers, contracts, and operations.

Procurement team 130

Procurement team Contract management Innovation Contract 130

Procurement Heads

APRIL 26, 2023

In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers. It requires so many different skills: commercial, financial, stakeholder management, project management, influencing … the list goes on.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers. It requires so many different skills: commercial, financial, stakeholder management, project management, influencing … the list goes on.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Let's Talk Supply Chain

MARCH 5, 2025

In the ever-evolving landscape of international trade, the borders of Mexico have become a battleground of commerce, influenced by the waves of tariff wars that sweep across the global economy.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Supply chain Strategic planning 52

Spend Matters

OCTOBER 7, 2024

Halloween may be all about masks, but the team will unmask the decisions and considerations that influenced this process. The analysts will reveal how these points influenced their decision making by highlighting: · How new entrants are pushing the boundaries of procurement technology and their innovative methods. ·

Influencing 110

Influencing Procurement Procurement solutions Innovation 110

Barkers Procurement

DECEMBER 19, 2024

Improve Decision Making Detailed ESG reports provide critical data that can influence managerial decisions, highlighting areas that require improvement or investment. Conclusion ESG supply chain monitoring and reporting are critical components of contemporary business strategy.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Ethics 52

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.

Supply Chain Efficiency 98

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

Procurement Templates

JUNE 18, 2023

Central banks and governments often aim to manage inflation to maintain price stability and promote economic growth. They may use various monetary and fiscal policies, such as adjusting interest rates, implementing open market operations, or controlling government spending, to influence inflation levels.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

SCMDOJO

JUNE 27, 2024

The Role of International Oil Prices Oil prices are heavily influenced by global demand and supply dynamics, which in turn affect the operational decisions and profitability of oil companies. How Do Environmental Policies Influence Oil Supply Chains? How Important Is Risk Management in the Oil Supply Chain?

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 98

Supply Chain Opz

MARCH 9, 2016

The supply chain is evolving more rapidly than ever before due to outside factors such as geopolitical influences, an increase in natural disasters and the proliferation of technology. In such times of change, it is critical to have a supply chain manager in the catbird’s seat to help it navigate resource allocation.

Supply chain management 74

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Efficiency 74

Procurement Leaders

SEPTEMBER 9, 2024

Should individual supply chains support individual regions; regions that are defined by ideological and political alignment, rather than geographical proximity.

Strategy 130

Strategy Chief Procurement Officer Supply Chain Efficiency Supply chain 130

ivalua

FEBRUARY 4, 2020

There is definitely an aspiration to reach the point where data can be used as a matter of course to influence strategic decisions, but of course, excel is not the best tool for this job. There’s nothing wrong with Excel, but if you are aiming higher than “just getting by”, you need something more sophisticated.

Data 130

Data Quality Supply chain Suppliers 130

Spend Matters

JULY 24, 2023

Digital maturity Although Procurement doesn’t directly influence the enterprise’s digital strategy, it is heavily impacted by its own need to digitize to fulfill the broader enterprise goals. Category management is the core engine for scaling processes.

supply chain budgeting 98

supply chain budgeting Budget Agile and Lean Supply Chain Risk 98

Procurement Heads

JANUARY 25, 2023

That is something that really appeals to me in terms of compliance, and risk management, making sure that we have robust governance to cover all aspects of the business. That portrays the immense bargaining power we have and the power to influence how we select our partners.

Sustainability 130

Sustainability Supply Chain Efficiency Influencing Supply chain 130

Spend Matters

JULY 10, 2024

In addition to the regular content, the Spend Matters analyst team will launch a Third-Party Risk Management module with accompanying articles to cover the various forms of that risk later on in the quarter.

Procurement 114

Procurement Management Contract Sourcing 114

ivalua

JULY 7, 2020

Be it stronger support or stricter policies around supplier management for sustainability and diversity or more efforts to improve the communities involved in and around a business. Overall, Procurement organisations can influence entire ecosystems of suppliers to develop with this balance in mind. Building Resilience.

supply chain software solutions 130

supply chain software solutions Suppliers Procurement Sourcing 130

ivalua

MAY 7, 2020

A Procurement Officer Survey conducted in 2012 by the IBM Institute for Business Value found that 53% of respondents believed their organization was “effective” or “very effective” at leveraging Supplier Relationship Management and Supplier Risk Management technologies.

Supply Chain Optimization 130

Supply Chain Optimization Supplier relationship management Supply chain Risk 130

Procurement Heads

DECEMBER 15, 2022

Many organisations have historically focused on classic screening risk management (traffic light systems across financial metrics, sanctions, etc.) Can they influence and are they able to relate to their client? Who would you say has had the most influence on your career and why? I would probably say that.

Sustainability 130

Sustainability Supplier relationship management Contract management Supply chain 130

Procurement Software

JANUARY 26, 2025

Once we have this, CPOs or Heads of Procurement can wield more influence in strategic decision-making. Their insights into market trends, supplier capabilities, and risk management strategies become indispensable in shaping organisational resilience and competitiveness. This, of course, is earned, not given.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Category management 52