ProcurePort

MARCH 23, 2021

In fact, the right risks, made with calculations and well-founded information, yield some of the best rewards. The post How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist appeared first on ProcurePort Blog.

Risk management 182

Risk management Risk Suppliers Management 182

SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. Click here!

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

ProcurePort

NOVEMBER 10, 2023

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. appeared first on ProcurePort Blog.

Risk management 130

Risk management Risk Import Management 130

Spend Matters

SEPTEMBER 26, 2024

For this year’s Spend Matters Fall 2024 SolutionMap release – our comprehensive methodology designed to help organizations evaluate and select procurement solutions – we launched a new module: third-party (and supply chain) risk management (TPRM and SCRM).

Risk management 117

Risk management Risk Management Procurement 117

Supply Chain Brain

DECEMBER 20, 2023

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

Risk management 126

Risk management Risk Management Procurement 126

SCMDOJO

OCTOBER 28, 2024

Procurement People should learn the Sales & Operations Planning (S&OP) Process. 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.

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

Spend Matters

SEPTEMBER 26, 2024

In business, potential risk lurks everywhere, and procurement professionals need to be aware of what is out there. However, even a dip into the risks procurement professionals face can leave readers drowning in a sea of terms, definitions and acronyms.

Risk management 114

Risk management Risk Management Sustainability 114

Spend Matters

MARCH 6, 2024

Artificial intelligence (AI) comes in many forms and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles, we explore the current state of AI in procurement technology. Today we cover the Risk Management market.

Risk management 111

Risk management Risk Management Procurement 111

ivalua

DECEMBER 1, 2022

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.

Risk management 130

Risk management Risk Management Contract 130

Spend Matters

NOVEMBER 7, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Get to know all the procurement tech providers that made our lists this year. We are delighted to introduce you to our Future 5 as we capture their voices.

Supply Chain Efficiency 111

Supply Chain Efficiency Risk management Real-time Visibility Ethics 111

Spend Matters

NOVEMBER 7, 2024

In this series of articles, we explain what these vendors offer, why they are likely to become future members of our “50 Procurement Providers to Watch” and “50 Procurement Providers to Know” lists and what challenges they may face. Get to know all the procurement tech providers that made our lists this year.

Risk management 111

Risk management Risk Suppliers Supply chain 111

Procurement Freelancers

DECEMBER 17, 2024

Market uncertainties across the globe have transformed how businesses approach procurement practices. Sourcing consultants now… The post Risk Management Strategies From Leading Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

Risk management 98

Risk management Sourcing Risk Strategy 98

Spend Matters

MARCH 25, 2025

Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. largely control procurements level of influence. However, the reality is that stakeholders, including budget owners, business units, etc.,

Stakeholder engagement 70

Stakeholder engagement Management Procurement Influencing 70

Spend Matters

FEBRUARY 5, 2025

Procurement has evolved from a back-office function to a strategic driver of innovation and value. Change management isnt a sidekick in this story; its the star of the show. Digitalization involves applying digital technologies to improve existing processes, like implementing e-procurement systems.

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

Procurement Tactics

NOVEMBER 23, 2022

33 Procurement Interview Questions in 2022. Corporate Social Responsibility in Procurement — Everything a Procurement Professional Should Know. However, what is its impact on procurement? . In this article, we will discuss what corporate social responsibility and sustainable procurement are.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Spend Matters

DECEMBER 11, 2024

This article explains how this affects Procurement. The post Tariffs and Procurement (Part 2): Tariff management and building an action plan appeared first on Spend Matters. This content is for members only. Visit the site and log in/register to read.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

ivalua

JANUARY 8, 2023

What Lieferkettengesetz Means for Procurement? 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. Further, it is essential that supplier management and data is holistic (i.e.,

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Spend Matters

DECEMBER 2, 2024

This Spend Matters Vendor Analysis gives an overview of Aravo, a third-party risk management (TPRM) solution built to empower businesses to effectively manage risks, enhance accountability and protect themselves in a world where third-party engagements are both more critical and more scrutinized than ever.

Risk management 120

Risk management Risk Buyers Supply management 120

Procurement Tactics

APRIL 5, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Business Drivers — Embracing Sustainability Sustainable procurement business drivers are the factors why many businesses embrace sustainability within their operations.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

ivalua

APRIL 23, 2020

Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. The May 5 th programme is open to everyone, while the 6 th is limited to current Ivalua customers. .

supply chain software solutions 46

supply chain software solutions Supply chain Procurement Supply 46

ProcurePort

OCTOBER 11, 2022

• The procurement process in any organization is a combination of several functions that require expertise ranging from sourcing, data collection and analysis, negotiation, accounting, risk management, project management, and many more. Needs Recognition– Needs are recognized at the department level […].

Purchasing 162

Purchasing Procurement Project management Risk management 162

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

MARCH 31, 2020

REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement.

Procurement team 47

Procurement team Procurement supply chain software solutions Spend management 47

Procurement Insights

DECEMBER 11, 2024

EDITOR’S NOTE: I am under embargo regarding the advanced copy I received from ZIP with their Procurement Predictions for 2025. I have gone through the Procurement Insights archive of 2,410 posts from 2007 to today to provide what I believe will be a unique context explaining the evolution of predictions over the past couple of decades.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

Spend Matters

MARCH 18, 2025

Today Spend Matters is delighted to announce the release of its Spring 2025 SolutionMap and TechMatch procurement technology rankings, which include 106 procurement technology vendors. Data is refreshed every 6 months. Data is refreshed every 6 months. Find out more about membership options here and request pricing information here.

Procurement 91

Procurement Sourcing Contract Risk 91

Procurement Tactics

SEPTEMBER 21, 2022

33 Procurement Interview Questions in 2022. Sustainable Procurement Requirements — The Ultimate Guide. Sustainable procurement requirements are closely tied to the company’s culture and policies. But what are the requirements to attain sustainable procurement? What is sustainability in Procurement? First Name.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Jaggaer

MARCH 7, 2025

In an era where digital transformation is reshaping industries, government procurement is no exception. Advanced technologies such as AI, automation, and predictive analytics are playing a pivotal role in optimizing procurement processes, enhancing transparency, and driving efficiency.

Supply Chain Efficiency 52

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

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

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. Why Are They Important?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Leaders

JANUARY 16, 2023

So, how we manage risk is what keeps me up at night… We try to be robust as a procurement organisation because, as a commodities company, risk is a part of our everyday life: we can have a crop failure, we can have a delivery failure, we can have a quality failure, so how do we handle that?”

Risk 246

Risk Management Risk management Strategic planning 246

SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Want to future-proof your procurement function?

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

Jaggaer

APRIL 3, 2025

A July 2024 Gartner survey also found that 72% of procurement leaders are focusing on incorporating generative AI, anticipating a shift towards strategic decision-making and innovation. Procurement leaders recognize the imperative in front of them, but what does it mean for the future skills profile of the profession? efficiency gap.

Procurement 52

Procurement Supply Chain Efficiency Contract Real-time Visibility 52

Jaggaer

MARCH 24, 2025

Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.

Procurement 52

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

Procurement Tactics

JANUARY 13, 2023

Procurement success in 2023 with our Strategy Course. Procurement Conference — 10 Best Procurement Conferences. Attending a procurement conference allows you to meet like-minded professionals and industry peers in procurement. However, what are the reasons why procurement professionals attend a conference?

Procurement 159

Procurement Chief Procurement Officer Agile and Lean Supply Chain Supply chain 159

Jaggaer

FEBRUARY 28, 2025

Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving Chief Procurement Officers (CPOs) grappling with challenges that could make or break their organizations. Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52

Jaggaer

MARCH 20, 2025

RESEARCH TRIANGLE, NC, March 20, 2025 Rittal, one of the world’s leading system providers of electrical enclosures, power distribution, climate control, IT infrastructure, software and services, has confirmed JAGGAER for its procurement processes. Over time, the use of the software was gradually extended to other modules.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Risk management 52