SCMDOJO

OCTOBER 28, 2024

By understanding the S&OP process, procurement teams can make more informed decisions, improve supplier relationships, and support overall business growth. For example, below are 5 reasons why procurement folks should attend S&OP Reviews. This allows procurement to take proactive measures to mitigate their impact.

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

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. Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70%

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

ivalua

FEBRUARY 8, 2023

The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures. 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.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Jaggaer

MARCH 24, 2025

These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Supply Chain Brain

MARCH 29, 2022

Supply chain and procurement teams are tasked with sifting through the noise to find out what is relevant to their supplier base to ensure their supply network stays in equilibrium. .

Networking 98

Networking Risk management Supply chain Risk 98

Skill Dynamics

JANUARY 14, 2025

Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

ivalua

JUNE 4, 2020

In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurement team to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

Arkestro

DECEMBER 26, 2024

Procurement teams are already using AI-powered tools to analyze vast amounts of data to identify patterns, predict trends, and recommend actions. By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. trillion , a 9.3%

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

ivalua

MARCH 16, 2022

Watch our Webinar Replay to find out more about the GAPS identified by PwC and some practical tips on how Procurement can take advantage of and help support changing C-level priorities. . The Digital Procurement Survey results established that Procurement’s priorities have shifted due in a post-COVID-19 world.

Procurement 130

Procurement Risk management Procurement team Risk 130

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. Facilitates seamless communication between procurement teams and suppliers.

Supply Chain Efficiency 73

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 73

Arkestro

NOVEMBER 12, 2024

Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets. These agreements allow procurement teams to “set it and forget it,” minimizing the need for frequent renegotiations.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Jaggaer

MARCH 7, 2025

AI-driven procurement solutions provide real-time insights into spending patterns, supplier performance, and risk management, helping decision-makers act proactively rather than reactively.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Procurement Templates

DECEMBER 11, 2024

Action Steps: Automate Processes: Implement cutting-edge procurement software to automate routine tasks, reducing manual errors and boosting efficiency. Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Procurement Leaders

DECEMBER 9, 2022

Here, we talk to Luigi Ganazzoli, vice president of purchasing, about some of those challenges and what he and his team are doing to mitigate them. PL: Could you share a little bit of insight about your procurement team structure, strengths and challenges? Digital, risk management and relationship-building skills.

Risk 130

Risk Suppliers Risk management Buyers 130

Spend Matters

JANUARY 11, 2024

Procurement will step into the center of risk management As the risk landscape continues to change at an alarming rate, organizations can no longer afford to look at risk one dimensionally. At one time, this was acceptable; a financial profile or sanctions report was enough for an onboarding risk analysis.

Procurement solutions 102

Procurement solutions Procurement Risk management Procurement team 102

Procurement Heads

FEBRUARY 22, 2023

The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. I am part of the central group team and lead on our sustainable sourcing sustainable procurement programme, which aims to embed sustainability in our supply chain.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Procurement Tactics

NOVEMBER 23, 2022

It includes easy access to capital and markets, increased profits, improved brand image, gaining more customers, and better decision-making and risk management processes. . What is Sustainability in Procurement? By working with procurement teams, companies can source external resources that may help achieve CSR initiatives. .

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Spend Matters

FEBRUARY 9, 2025

Heres why RapidRatings matters: To the market RapidRatings provides a financial risk analysis solution that evaluates suppliers’ financial health through detailed analysis of their financial statements, enabling procurement teams to assess and mitigate supplier financial risk effectively.

Risk 92

Risk Procurement team Suppliers Buyers 92

ivalua

APRIL 12, 2022

Procurement plays a key organizational role by ensuring compliance with Third Party Risk Management (TPRM) requirements, optimizing spend value, and leveraging a network of innovative suppliers.

Procurement 130

Procurement Procurement team Risk management Risk 130

Procurement Leaders

MARCH 10, 2023

With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three. For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function.

Collaboration 147

Collaboration Supply chain Management Risk management 147

ivalua

MARCH 31, 2020

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.

Procurement 130

Procurement Procurement team supply chain software solutions Supply chain 130

NLPA (Next Level Purchasing Association)

FEBRUARY 2, 2024

The ever-evolving world of procurement demands agility, efficiency, and a sharp eye for optimization. This article dives into 7 situations where process improvement can revolutionize your procurement team and skyrocket your bottom line. Is your procurement team facing any of these situations? Look no further!

Procurement team 52

Procurement team Procurement Risk Collaboration 52

ivalua

JULY 8, 2020

In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurement team to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Managing a Complex Network of Direct Material Suppliers.

Agile and Lean Supply Chain 26

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 26

Procurement Templates

APRIL 15, 2024

Communicate Vision: Share the vision and objectives with the procurement team and stakeholders to gain buy-in and alignment. Stage 4: Process Improvement Days 31-40 Streamline Processes: Implement improvements to streamline procurement processes, reduce inefficiencies, and enhance compliance.

Procurement team 130

Procurement team Contract management Innovation Contract 130

Spend Matters

JANUARY 31, 2023

Categories: Diversity , E-Sourcing , Procurement Strategy & Planning , Supply Risk Management Tags: sponsored post Stakeholders of all stripes want companies to do more when it comes to promoting sustainability and combating climate change; that includes investors, employees, customers and those in the community said business serves.

Procurement strategies 102

Procurement strategies Risk management Procurement team Risk 102

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. Understanding Procurement Risk A. Introduction A.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Spend Matters

OCTOBER 21, 2024

Analytics are vital to the success of a procurement team, as data-driven decision making, improving efficiency and productivity, risk management, cost reduction and much more all depend on solid analytics.

Procurement team 117

Procurement team Buyers Risk management Data 117

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?

Supply chain resilience 130

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

ivalua

JUNE 16, 2021

What’s more, PwC found that the average investment in risk management among MENA companies was $1.5 These solutions also improve collaboration among organizations and suppliers, and enable procurement teams to leverage data analytics to optimize contract negotiations, payments, buying patterns and more.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Procurement Leaders

MARCH 6, 2023

Hiring freezes risk jeopardising procurement’s ambitions From risk management to supplier diversity and digital transformation, procurement’s role is increasingly multifaceted and many CPOs are looking to expand their teams to deliver on these ambitions. It’s always going to be sexy to save money.

supply chain budgeting 189

supply chain budgeting Suppliers Risk Procurement 189

Procurement Templates

MARCH 6, 2024

So, here’s a breakdown of procurement personalities in the office if they were different fruits for you and your colleagues to debate what fits who! When procurement bear fruit who are you within the fruit basket? Their ability to maintain composure when things get hot makes them an indispensable part of the procurement team.

Procurement 130

Procurement Procurement team Negotiation Innovation 130

Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

ivalua

JUNE 1, 2022

In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Navistar had already been developing a supply chain risk management program and were in the midst of executing digital transformation initiatives when the crisis hit.

Supply chain resilience 130

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

Spend Matters

FEBRUARY 22, 2024

Working within a resilient global supply chain results in complexities around basic matters like communication, time zones and languages, along with more challenging aspects like risk management, compliance and sustainability. Third-party risk management through a specialized vendor moves beyond the onboarding and intake process.

Supply Chain Efficiency 111

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 111

Arkestro

OCTOBER 10, 2024

Founded in 1991, SIG provides thought leadership, networking, and training opportunities to executives in sourcing, procurement, and outsourcing from Fortune 500 and Global 1000 companies. In 2023, SIG appointed Arkestro founder and CSO Edmund Zagorin as a member of the SIG Advisory Board.

Procurement team 52

Procurement team Innovation Procurement Bidding 52

Spend Matters

JULY 27, 2023

Centralize new supplier intake Too many procurement teams operate without centralization, leading to the chaos of disparate teams working on disparate projects. Track and manage risk Supplier onboarding can potentially introduce significant risk to a business.

Suppliers 98

Suppliers Supply Chain Efficiency Risk management Procurement team 98

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