ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. With so many stakeholders engaged in the P2P process, one function must take the lead in preventing functional sub-optimization.

e2e 130

e2e Suppliers Procurement Contract 130

The Good Spending

MAY 13, 2024

Contract management is another miserable story. Was there any SRM or stakeholder engagement? Risk management? Change management? How did procurement award contracts to at least two suppliers who relied on iSoft without a working platform? Cost control?

Procurement 64

Procurement Contract Stakeholder engagement Negotiation 64

SCMDOJO

APRIL 26, 2023

We look at some of the challenges that come with the implementation of a category management strategy. Category management requires investment in time and commitment. Prudent and proper stakeholder engagement and management. Category management help create visibility and allows for potentiariskks identification.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Una

AUGUST 21, 2023

Stakeholder engagement First up, begin by engaging stakeholders from various departments, such as finance, operations, and ESG, at an early stage. Risk management Consider the human influence on risk management. Transparent decision-making fosters trust and minimizes misunderstandings.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

IBM Supply Chain Blog

DECEMBER 13, 2023

Engage stakeholders Identify and collaborate with internal departments, suppliers and all those who may be impacted by the plan. Gather diverse insights, understand needs and manage expectations. Stakeholder engagement is key to ensure the strategy is well-planned and supported throughout the organization.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

The Good Spending

AUGUST 23, 2022

Value creation as the result of stakeholder engagement The authors of Stakeholder Salience model built their work around the process of value creation. Risk management is the future of the procurement profession, alongside relationship management.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

World of Procurement blog

MAY 8, 2024

Procurement Best Practices To maximize the value of procurement, organizations should follow certain best practices around ethics, sustainability, risk management, and cost savings. Conduct supply chain audits and due diligence on high-risk categories. Diversify suppliers across geographies to reduce concentration risk.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

NOVEMBER 29, 2023

Strategic sourcing Invest in strategic sourcing by thoroughly analyzing your organization’s procurement needs and identifying opportunities for cost savings, quality improvements, and risk mitigation. Collaborate with these stakeholders to understand their needs, priorities, and expectations.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Una

OCTOBER 31, 2023

Procurement managers need to be adept at presenting the financial benefits in a clear and compelling manner, highlighting the long-term value the change will bring. Stakeholder engagement Engaging stakeholders early and consistently is crucial.

Change management 52

Change management Management Procurement Leadership 52

Empowering CPO

MAY 4, 2023

Involve all stakeholders: Engage procurement professionals, suppliers, and other relevant stakeholders in the process, ensuring their buy-in and support. Supplier segmentation: Group suppliers based on factors such as criticality, performance, and risk, to prioritize resources and efforts accordingly.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Claritum

JUNE 13, 2019

Risk Management. Stakeholder engagement. Risk management through buying or reserving natural resources at key times, based on prediction (Intelligence). Corporate Social Responsibility (including Ethical, green and sustainable supply). Market Intelligence. Effective procurement data analytics.

Procurement 32

Procurement Supply Chain Efficiency Raw materials supply chain software solutions 32

Procurement Software

JANUARY 24, 2023

For example, quality of data, issues with maverick spend, stakeholder engagement, trying to get more influence within the organisation, bringing more spend under management etc. Procurement teams just don’t have the resource to manage all of it, so what do you tackle first?

Procurement 52

Procurement Quality Procurement team Stakeholder engagement 52

Pipefy

JANUARY 9, 2024

Personalized stakeholder portals Companies can improve stakeholder engagement and communication by using customized portals for submitting invoices and monitoring process statuses. Custom dashboards and AI capabilities provide real-time insights into spending, helping to manage and optimize budgets. Controlled spending.

Real-time Visibility 52

Real-time Visibility Contract management Contract Management 52

Empowering CPO

JUNE 26, 2023

Compliance and Risk Management: With stringent regulatory requirements and patient safety considerations, healthcare organizations must prioritize compliance and risk management. Spend analysis provides visibility into procurement processes, ensuring adherence to regulations and minimizing the risk of non-compliance.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Empowering CPO

JUNE 27, 2023

Proactive Risk Management: Digital spend analysis provides enhanced visibility into supplier performance, allowing organizations to identify and mitigate potential risks. By detecting and mitigating risks in real-time, digital spend analysis contributes to stronger governance and risk management practices.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

TYA Suite

NOVEMBER 25, 2024

By prioritizing compliance, businesses not only mitigate legal risks but also reinforce their commitment to responsible sourcing. This proactive approach can enhance the organization’s reputation and foster stronger relationships with stakeholders. Engaging stakeholders in the procurement process is vital for success.

Sustainability 40

Sustainability Import Supply Chain Efficiency Procurement 40

SCMDOJO

JANUARY 15, 2025

Interpersonal Communication Effective communication ensures seamless collaboration across departments and stakeholders. Engaging with colleagues, suppliers, and clients requires both verbal and written skills. Risk Mitigation Identifying potential risks early on is crucial for your supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 52