Procurement Templates

NOVEMBER 21, 2024

Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. Audit Supply Chains: Identify and address environmental and social risks in the supply chain. Monitor Continuously: Use procurement dashboards to track risk indicators. LEED Green Associate).

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Spend Matters

DECEMBER 23, 2024

Risk reduction: The platforms compliance features (e.g., GDPR alignment, secure data storage) reduce organizational risk. By automating routine tasks, procurement teams can focus on strategic initiatives, which appeals to CFOs and finance teams.

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

Spend Matters

OCTOBER 16, 2024

Financial risk relates to the possible financial problems faced by a buying organization’s suppliers, its suppliers’ suppliers (and so on) or other third parties. Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes financial risk?

Risk 114

Risk Risk management Suppliers Raw materials 114

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

SEPTEMBER 26, 2023

Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. The risk of focusing explicitly on the supplier is that you do not go deep enough. For this, you really need supply management.

Purchasing 114

Purchasing Supply management Management Supply Chain Efficiency 114

Spend Matters

DECEMBER 16, 2024

Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Supply Chain Risk Management (SCRM) complements this by systematically identifying and mitigating supplier risks, such as financial instability, geographic vulnerabilities and inconsistencies in supplier operations.

Agile and Lean Supply Chain 110

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 110

Una

APRIL 18, 2023

EPISODE 111 Taking Intelligent Risks with Mark Trowbridge By Kelly Barner | April 19, 2023 We’ve all been mired in years of paralyzing risk and disruption… but could risk taking be just what this moment calls for? Yes – as long as the risks are “intelligent risks.”

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

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. Our challenges are linked to digitalisation, risk management and inflation. Digital, risk management and relationship-building skills. Why are they so important?

Risk 130

Risk Suppliers Risk management Buyers 130

ivalua

NOVEMBER 29, 2022

In fact, 44% of respondents noted supply risk as a top priority, while 27% cited ESG as a priority–and the percentage of CPOs that have prioritized savings has nearly doubled year over year since 2021. Risk Metrics. Ardent found that many didn’t even know how many suppliers are high risk. Uncertainty Metrics.

Risk 130

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

Procurement Insights

FEBRUARY 21, 2025

Network Intelligence: Learns from market trends, supplier performance, and risk factors to optimize sourcing and supplier management. Centralized Procurement Request System: Employees submit purchase requests through a unified intake tool , which then routes them to the correct procurement solution (e.g.,

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

SCMDOJO

JANUARY 9, 2025

It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. Enhancing Competitive Advantage Strategic sourcing creates a sustainable competitive edge by combining cost savings, risk management, and supplier innovation.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

ivalua

JANUARY 31, 2023

This puts the Procurement function in a central role towards establishing a transparent emissions baseline using reliable data and collaborating with suppliers on carbon savings plans to meet reduction targets and for reporting and risk assessment. Learn more at www.ivalua.com.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Supply chain Innovation 246

Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.

Supply Chain Efficiency 95

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

ivalua

MAY 31, 2022

Supplier Relationship Management (SRM) is not limited to transactional information (number of purchase orders, number of catalog items, number of supplier invoices ) or legal/contractual requirements. Learn to manage and control your suppliers to improve your purchasing efficiency and expand your supplier base. .

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Procurement Tactics

APRIL 6, 2023

We will also tell you how you can analyze your supply chain and how you do an initial risk assessment. However, to start with, you must first analyze your supply chain by starting to create an inventory of products and services you purchase, produce, and sell. However, how do you do it? How can it be improved? Then look no further.

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Spend Matters

OCTOBER 29, 2024

Solutions around ESG, risk, intake & orchestration come to mind. Nikhil Gaur, Spend Matters Director, Strategic Projects & Research Analyst, summed up the achievement as follows: “Spend Matters tracks some 1,500+ procurement and supply chain technology and services providers.

supply chain software solutions 114

supply chain software solutions Supply chain Procurement Innovation 114

ivalua

FEBRUARY 8, 2023

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. Additionally, procurement technology can help organizations improve compliance with regulations and reduce risk.

Supply chain resilience 242

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

Procurement Tactics

NOVEMBER 24, 2022

Consumers are starting to take action through their purchasing decisions and other initiatives to protect the environment. Responsible sourcing or ethical sourcing is all about ensuring that the products are purchased in a responsible way from ethical suppliers. Responsible sourcing can help you protect from these risks. .

Sourcing 193

Sourcing Ethics Sustainability Supply chain 193

Procurement Tactics

APRIL 17, 2023

As sustainability is a growing focus in many industries around the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. As a result, it future-proofs the company’s sustainable purchases and investments by integrating sustainable policies.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Procurement Tactics

APRIL 5, 2023

As sustainability is a growing focus in the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. As a result, it future-proofs the company’s sustainable purchases and investments by integrating sustainable policies.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Procurement Tactics

MAY 30, 2023

Procurement managers, also known as purchasing managers, supervise a company’s relationship with suppliers and the logistics of transportation. They manage the sourcing and purchasing of goods and services that the organization requires to operate effectively. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

ivalua

DECEMBER 15, 2022

Ivalua platform selected to improve efficiency, transparency, and the employee purchasing experience. Our complete, unified platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, improving ESG performance, lowering risk and improving employee productivity.

Supply Chain Efficiency 246

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Spend management 246

Procurement Tactics

JUNE 28, 2023

It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. The key elements are typically: 1.

Supply Chain Efficiency 178

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

Procurement Heads

JULY 6, 2022

From then I started exploring purchasing and the different career avenues I could get into. We are responsible for the procurement of strategic purchases and what that means for us is anything that is high value, high-risk, third-party engagements.

Networking 241

Networking Supplier relationship management Procurement Risk 241

Spend Matters

MARCH 18, 2025

Data is refreshed every 6 months. To view these vendors by their market ranking (best fit for SME, Mid or Large buying organizations) as well as vendor demographics (including geographic reach, customer sample, top industries and pricing model), visit the freely accessible SolutionMap Insider app here.

Procurement 91

Procurement Sourcing Contract Risk 91

ivalua

SEPTEMBER 13, 2020

It is imperative that any organization has procedures and systems in place to minimize bureaucracy, error, risk and inefficiencies. Reduced errors, fraud and risk. Pain-Point: Purchasing compliance and collaboration. Pain-Point: Manage supplier risk and visibility. Supplier, contract, legal tax and policy compliance.

e2e 204

e2e Procurement Budget Contract 204

Procurement Insights

MARCH 25, 2025

There should be internal guidelines in place outlining when to RFP vs not (based on spend, criticality, risk, outcomes expected, etc).” Enhanced Visibility into Procurement Data Challenge: Lack of a unified view across departments (purchasing, logistics, quality control).

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Procurement Leaders

MARCH 10, 2023

Risk has become an increasingly important focus for Stockholm-headquartered consumer goods giant Electrolux, which has thousands of Tier-1 suppliers. 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

Procurement Software

MARCH 16, 2025

Dealing with all of these contracts, sourcing events and purchase requests simultaneously, without a digital solution, results in email overload. Countless emails – buried in your inbox – increases the risk of miscommunication and lost information.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Spend Matters

FEBRUARY 18, 2025

More concretely, Xavier Olivera , Spend Matters Lead Analyst for Downstream Procurement, once explained that since entering the permacrisis environment of the post-pandemic world, the balance of power in purchasing has shifted : Traditionally, the buyer held the purchasing power. They could squeeze a suppliers profits.

Procurement 86

Procurement Purchasing Suppliers Procurement team 86

Procurement Heads

JANUARY 4, 2023

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. My team has regular governance meetings with our suppliers where we cover third-party risk management topics, performance, value and sustainability.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Procurement Tactics

MARCH 23, 2023

Digital platforms can help the source-to-contract process to be more manageable as it allows for automated bidding, digital purchase orders, online payments, and supplier collaboration. In this stage, you will need to issue an RFQ or RFP if you are sure to make a purchase and you know the specifics of what you want to buy.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Insights

MARCH 27, 2025

AdaptOne Solution: Centralized supplier portal with automated onboarding Real-time tracking of certifications , insurance , NDAs , and regulatory documents Automated alerts for expiring documents or compliance issues Impact: Fewer manual processes, reduced supplier risk, faster onboarding, and improved compliance with food safety standards.

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

ivalua

FEBRUARY 10, 2023

They should do this by regularly tracking changes in the economy and taking proactive steps to mitigate any potential risks associated with inflation. Finally, Ivalua’s eProcurement solution enables users to create purchase orders quickly and accurately while providing visibility into status updates along each step of the procurement process.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Jaggaer

MARCH 20, 2025

Additionally, institutions must remain adaptable to changes in compliance requirements related to federal grant-funded purchases, sustainability mandates, or supplier diversity policies. Poor visibility can often result in off-contract or maverick spend which may expose the institution to compliance risks.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

Procurement Insights

MARCH 16, 2025

Smart Supplier Recommendations & Risk Analysis AI models track historical supplier interactions, contract performance, and risk factors to provide real-time recommendations. Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52