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Procurement team Risk management supply chain budgeting 
ivalua
FEBRUARY 8, 2023
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.
SCMDOJO
FEBRUARY 16, 2025
This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception. Agentic AI takes this a step further by enabling autonomous supply chain systems. Reduces inefficiencies in production lines and improves operational efficiency.
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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
SCMDOJO
OCTOBER 28, 2024
Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. For example, below are 5 reasons why procurement folks should attend S&OP Reviews.
97 
Spend Matters
MARCH 25, 2025
To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success. However, the reality is that stakeholders, including budget owners, business units, etc., largely control procurements level of influence.
Procurement Templates
DECEMBER 11, 2024
Sustainability and Compliance: Ensure procurement activities align with environmental, social, and governance (ESG) standards and regulatory compliance. Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations.
130 
ivalua
JUNE 1, 2022
From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.
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.
52 
Planergy
MARCH 18, 2025
How better management in AP can give you better flexibility for cash flow management. Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. But what happens if those supply chains are disrupted?
Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
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?
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.
59 
Jaggaer
MARCH 7, 2025
But what does the future hold for public procurement, and how can technology fine-tune the process to perfection? Why Modernizing Government Procurement Matters Government procurement is a complex process, often involving multiple stakeholders, large-scale budgets, and stringent regulatory requirements.
Arkestro
DECEMBER 26, 2024
Staying on top of the ever-changing procurement landscape in 2025 is paramount to staying competitive. As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond.
Jaggaer
MARCH 20, 2025
Uncertainty around federal and state policy changes poses a significant challenge for procurement leaders across all types of higher education institutions. Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements.
Procurement Leaders
MARCH 6, 2023
Amid competing priorities, cost remains key With procurement being asked to deliver on so many fronts, it’s perhaps no surprise that the function is now seen as much more than about reducing costs. It’s always going to be sexy to save money. The question is: what are the other areas on which we can focus?”
Procurement Tactics
OCTOBER 13, 2022
However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is. We will discuss the role of strategic sourcing managers within the procurement team and their responsibilities in a company. Skills Necessary to be a Strategic Sourcing Manager.
Jaggaer
FEBRUARY 5, 2025
This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. For example, carbon emissions can be costed, and delivery times or product quality might be scored numerically or based on predefined KPIs in the system.
Procurement Templates
JUNE 18, 2023
ChatGPT Procurement departments can take several steps to manage inflation effectively. Here are some strategies and practices that can be implemented: Long-term contracts: Procurement teams can negotiate long-term contracts with suppliers that include price adjustment mechanisms.
130 
Planergy
MARCH 19, 2025
Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. However, budget restrictions and transparency requirements present challenges. What is Supplier Management? Improved Focus: With fewer disruptions, educators can dedicate more energy to teaching.
52 
Procurement Tactics
JUNE 28, 2023
Budget and Cost Control Procurement expenditures, monitoring variations in the cost and identifying opportunities for savings, and avoiding unnecessary costs shall be monitored in accordance with the approved budget. These include purchase management, expense filing, and workflow automation.
Procurement Templates
MARCH 3, 2024
Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.
TYA Suite
OCTOBER 27, 2024
Procurement management software simplifies the vendor selection process by offering tools to evaluate and compare vendor performance based on specific criteria such as price, quality, reliability, and compliance. This data-driven approach helps businesses make strategic decisions and improve their procurement strategies.
Planergy
FEBRUARY 24, 2025
Key Steps in the Education Procurement Process Needs Assessment Institutions must thoroughly understand their requirements before making any purchase. This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints.
52 
Supply Chain Game Changer
OCTOBER 28, 2021
Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address.
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.
IBM Supply Chain Blog
FEBRUARY 13, 2024
In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.
Spend Matters
JULY 27, 2023
We recommend considering a few things to gauge your maturity levels such as the company’s goals, current procurement process, budget and resources, risk tolerances, etc. Centralize new supplier intake Too many procurement teams operate without centralization, leading to the chaos of disparate teams working on disparate projects.
98 
SCMDOJO
APRIL 26, 2023
Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships.
Procurement Heads
SEPTEMBER 6, 2023
The University of Bath was – and I think still is – a real centre of excellence for Procurement and Supply Chain. I liked the fact it was highly commercial, which interested me, and I could see how procurement – as a profession – was growing and maturing.
Positive Purchasing
NOVEMBER 1, 2023
Jonathan: Imagine I’m a forward-looking CPO on a journey down the road towards procurement digital transformation and I want something with real game-changing potential. I have a healthy budget, but am struggling to find the right fit – what would you say to me? James: Most big businesses are in a similar position.
111 
Planergy
JANUARY 26, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality. This can also include economic instability.
52 
Arkestro
FEBRUARY 20, 2024
Resources / Blog / From Reactive to Proactive: How Predictive Procurement Reshapes the Industry From Reactive to Proactive: How Predictive Procurement Reshapes the Industry The procurement workload is expected to increase by 10.6% How does Predictive Procurement Orchestration Work? The result?
Arkestro
OCTOBER 10, 2023
Then we’ll discuss how AI and other innovative technologies are removing current complexities, allowing oil and gas companies to reduce costs, optimize supply chains, and make data-driven decisions. As a result, the industry’s efficiency is falling while operational costs rise. trillion.
Una
APRIL 25, 2023
Why are Sourcing Heroes so often time-poor in procurement? Here are some of the factors that cause time constraints in procurement: Increased complexity The globalization of markets and the expansion of the supply chain bring cost benefits, but have also led to an increase in the volume and complexity of procurement activities.
94 
Zycus Cognitive Procurement
SEPTEMBER 15, 2022
As per a recent survey , 40% of board directors have moved digital business-related budgets from central technology and IT budgets to business functions. Accordingly, the time is right for procurement to take centre stage and create benchmark KPIs to ensure sustainability in global supply chains. Risk management.
NLPA (Next Level Purchasing Association)
SEPTEMBER 8, 2023
A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.
52 
Empowering CPO
MAY 5, 2023
It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management.
Arkestro
OCTOBER 3, 2024
From an increasing regulatory landscape to new automotive innovations, it’s never been more important for procurement professionals to find new ways to reduce costs, eliminate inefficiencies, and stay updated on the latest industry trends. It’s anything but easy to manage. Subscribe to news from Arkestro.
52 
World of Procurement blog
MAY 8, 2024
It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Scope : Procurement spans the entire process from identifying requirements to contract closure. Purchasing is more transactional and tactical.
Zycus Cognitive Procurement
JULY 25, 2022
Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . A significant amount of change has taken place in the procurement function over the past few years.
World of Procurement blog
APRIL 23, 2024
Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. Descriptive analytics can help identify patterns and trends.
52 
World of Procurement blog
APRIL 23, 2024
Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. Descriptive analytics can help identify patterns and trends.
52 
Arkestro
MAY 23, 2023
Today, the right procurement software can streamline procurement processes and help procurement managers level-up their current methods of addressing common problems such as project delays, quality control, sustainability, and risk management. Construction procurement’s problems have been accelerated.
52 
Spend Matters
MARCH 11, 2024
Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. Procurement was expected to generate one-third of the expected business value; transforming procurement and supply chain was key.
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