Remove Real-time Visibility Remove Risk management Remove Vendor relationships
article thumbnail

Spend Matters Future 5 2024 – Introducing Halo Ai

Spend Matters

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. Halo Ai addresses this need with an innovative, AI-driven approach to third-party risk management rooted in risk intelligence. What are Halo Ai’s greatest strengths?

article thumbnail

Boost Vendor Relations with Procurement Management Software

TYA Suite

Strong vendor relationships are essential for operational success in the fast-paced corporate world of today. Using a procurement management system is one practical strategy to strengthen these connections. is crucial for maintaining strong vendor partnerships.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

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.

article thumbnail

The Reality of Automation in Procurement!

Supply Chain Game Changer

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.

article thumbnail

Ultimate Guide to Procurement in Education: Tips for Schools & Academies

Planergy

While less visible, these procurement areas are crucial for maintaining a functional educational environment. It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. Strategic Procurement Strategic procurement goes beyond transactional purchasing.

article thumbnail

A Comprehensive Guide to Effective Supplier Risk Management

HICX

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? It should be considered an essential part of an organization’s wider risk management strategy. What are the benefits of supplier risk management?

article thumbnail

AI and the practice of Procurement – Contracting and Legal

Spend Matters

We recently spoke with Stuart Brock , founder and President of startup iKinetiq Innovation Solutions which helps procurement functions design the right strategy to optimize processes, gain deeper insights, and enable data-driven risk management with a focus on using AI technologies responsibly.