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).

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Risk management Risk Management Procurement 117

Spend Matters

NOVEMBER 19, 2024

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways.

Risk 111

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 111

Procurement Tactics

OCTOBER 13, 2022

Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcing manager is. Strategic Sourcing Explained. What is a Strategic Sourcing Manager?

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Strategic sourcing Strategic sourcing Sourcing Management 200

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.

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Spend Matters

SEPTEMBER 26, 2024

ERM vs GRC Two key frameworks for managing risk are Enterprise Risk Management (ERM) and Governance, Risk and Compliance (GRC). Risk management (R) to identify, assess and mitigate risks that could hinder the organization’s ability to achieve its objectives.

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Risk management Risk Management Sustainability 114

Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Resources: Online courses on strategic sourcing (e.g.,

Agile and Lean Supply Chain 130

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

ivalua

JUNE 10, 2020

From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. With that in mind, let’s take a look at how supplier risk management can benefit your business and prevent the disruption of services. Understanding Supplier Risk Management. Consider this.

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Risk management Risk Suppliers Management 147

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations.

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Risk management Risk Suppliers Strategy 40

Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. If you want to know about source-to-contract, then this is for you! What is Source-to-Contract?

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Contract Sourcing Purchase orders Bidding 156

ProcurePort

JULY 7, 2021

Are you thinking of developing a new sourcing risk management plan? Wondering how to better mitigate supply chain risk when sourcing? Or just keen to explore some of the best risk management practices Chief Procurement Officers (CPOs) can adopt? You see, risk management […].

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Spend Matters

NOVEMBER 7, 2024

This realization planted the seed for a solution that would later become Halo Ai — a system designed to create comprehensive risk profiles for third parties, enabling organizations to operationalize their risk management strategies more effectively. What is the road ahead for Halo Ai?

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Supply Chain Efficiency Risk management Real-time Visibility Ethics 111

Spend Matters

NOVEMBER 7, 2024

What is Halo Ai HaloAi is a third-party risk management (TPRM) solution that aims to be a one-stop shop for third-party risk so that organizations do not need multiple point solutions. Halo Ai uses AI models to connect, correlate and contextualize real-time data points to bring customers the full risk story.

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Risk management Risk Suppliers Supply chain 111

ivalua

SEPTEMBER 19, 2022

Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. . Taking a category view often means little more than ensuring alternate sources are available.

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Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. Striking the Balance between People, Process and Technology. Will digitization improve performance?

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Risk management Risk Supply Chain Efficiency Management 130

Spend Matters

OCTOBER 2, 2024

Continuing our series on third-party/supply chain risk management (TPRM/SCRM), here we illustrate the breadth and complexity of risk that organizations today must navigate and manage. The post Risk is complex — The different types and sources of risk appeared first on Spend Matters.

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Risk Sourcing Risk management Supply chain 120

Supply Chain Queen

FEBRUARY 27, 2024

Sustainable supply chains can address the key drivers of forest and biodiversity loss in the agriculture and forestry sectors, fueling biodiversity conservation and responsible sourcing of commodities like palm oil, soy, timber, and much more.

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Sustainability Supply chain Risk management Sourcing 130

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

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Strategic sourcing Strategic sourcing Sourcing Strategy 52

Jaggaer

FEBRUARY 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.

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Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Spend Matters

AUGUST 8, 2023

Everyone is well aware of the cause of this attention amplification: scarcely any business escaped the repercussions of pandemic, but as our research analyst Abigail Ommen puts it: “Prior to the Covid 19 pandemic, only a small subset of people was acutely aware of risk management.

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Risk management Risk Management supply chain budgeting 98

Spend Matters

MARCH 14, 2024

We recently examined Supplier Management, Risk Management and Spend Analytics; today we focus on Sourcing. The post Meet AI in Sourcing appeared first on Spend Matters. In this series of articles we explore the current state of AI in procurement technology. Visit the site and log in/register to read.

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Sourcing Risk management Procurement Risk 111

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Explore alternative sourcing models , such as consortium buying or global sourcing hubs.

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Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Spend Matters

DECEMBER 11, 2024

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

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Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

Spend Matters

MAY 24, 2023

Categories: risk-compliance-management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Prevalent and its third-party risk management (TPRM) solution. Prevalent allows users to continuously monitor third-party vendors for security, privacy, compliance and supply-chain-related risks.

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Risk management Risk Management Buyers 98

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. Discuss bottlenecks in the supply of raw materials or alternate sources to procure balance and level production plans.

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Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

Spend Matters

MARCH 18, 2025

Having been heavily involved with this cycles SolutionMap, Spend Matters Director of Strategic Projects & Research Analyst, Nikhil Gaur, noted that alongside the Spring 2025 update … We are thrilled to release our Intake & Orchestration SolutionMap rankings for the first time. Data is refreshed every 6 months.

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Procurement Sourcing Contract Risk 92

Spend Matters

OCTOBER 30, 2024

Man-made risk categories can overlap with other risk categories (for example, cyber and reputational) because man-made focuses more on the cause than the consequences. Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes man-made risk?

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Risk Buyers Suppliers Supply chain 109

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Spend Matters

FEBRUARY 13, 2023

Here’s why Everstream Analytics matters: To the market — Everstream Analytics’ AI-powered digital twin technology provides a deep and granular risk-monitoring solution that stands out from competitors for its proprietary technology and amount of historical and new data.

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Risk management Supply Chain Optimization Risk Supply chain 98

ivalua

NOVEMBER 26, 2020

Supply Chain Risk Management on the World Stage – Lessons Learned. It became obvious that many organizations could only identify their Tier 1 suppliers and lack the visibility and the tools to quickly identify, track, and manage suppliers below the first level.

Agile and Lean Supply Chain 264

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy 264

ivalua

APRIL 25, 2023

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. Redwood City, CA, 25 April, 2023. Learn more at www.ivalua.com.

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Contract Suppliers Sourcing Supply Chain Efficiency 130

Spend Matters

MAY 10, 2023

Categories: Procurement Systems & Architecture , risk-compliance-management Tags: PRO In this Spend Matters PRO Vendor Analysis we provide an overview of ProcessUnity and its solution for third-party risk management. Supplier risk intelligence vendors, such as ProcessUnity, cater to this need.

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IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

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Sourcing Strategy Supply Chain Efficiency e2e 94

Spend Matters

MARCH 16, 2023

An S2P suite automates spend/supply management processes primarily in procurement, accounts payable and inbound supply chain management, but also other areas within Legal (e.g., contract management), Finance (e.g, working capital management, treasury and FP&A), R&D (e.g.,

Supply Chain Optimization 97

Supply Chain Optimization Sourcing supply chain software solutions Procurement strategies 97

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. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay.

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

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 […].

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Purchasing Procurement Project management Risk management 162

Spend Matters

SEPTEMBER 19, 2024

See our Risk Management in-depth guide. New ‘My Marketing’ functionality We’re also excited to announce the launch of a new capability within SolutionMap Insider that allows for tailored, generated images to illustrate vendor comparisons. As such, we’re pleased to introduce the ‘My Marketing’ functionality.

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Risk management Procurement Risk Contract 122