Procurement Leaders

MARCH 6, 2023

Procurement Leaders’ Strategic Planning Guide 2023 found that, for the first time ever, cost was not considered to be the function’s most important priority – coming a close second behind reducing supplier risk. It’s always going to be sexy to save money. The question is: what are the other areas on which we can focus?”

supply chain budgeting 189

supply chain budgeting Suppliers Risk Procurement 189

Procurement Templates

APRIL 15, 2024

Stage 6: Risk Management Days 51-60 Risk Assessment: Conduct a comprehensive risk assessment to identify potential risks related to suppliers, contracts, and operations. Mitigation Strategies: Develop and implement risk mitigation strategies to minimize exposure and ensure business continuity.

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Procurement team Contract management Innovation Contract 130

Let's Talk Supply Chain

FEBRUARY 25, 2025

Strategic Planning: A forward-thinking approach to supply chain management, including forecasting, risk management, and cost optimization, is crucial for long-term success.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Ethics 52

Procurement Heads

JUNE 28, 2022

Great businesses have always looked to procurement for a balanced scorecard across the strategic planning cycle. Procurement has become recognised as a key strategic element in operational success. Highly efficacious procurement and commercial risk management have never been more critical than it is currently.

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Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

IBM Supply Chain Blog

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Retail: Manage e-commerce platforms, customer data analytics and supply chain logistics, where data analysis often must occur at the edge.

Data 71

Data Strategic planning Supply Chain Efficiency Supply Chain Optimization 71

IBM Supply Chain Blog

JUNE 29, 2023

Learn more about IBM Planning Analytics Integrated business planning framework Integrated Business Planning (IBP) is a holistic approach that integrates strategic planning, operational planning, and financial planning within an organization. Making up the IBP framework are six key pillars: 1.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

Procurement Leaders

JUNE 10, 2024

Benchmark against the best We are busily collecting data to support the production of our ever-popular Strategic Planning Guide , which provides timely insight at a key time of the year. Because of that, remaining laser-focused is priority number one.

e2e 100

e2e Real-time Visibility Supply Chain Efficiency Raw materials 100

SCMDOJO

JUNE 27, 2024

How Important Is Risk Management in the Oil Supply Chain? Identifying potential risks and developing strategies to mitigate them is crucial for maintaining steady supply chain operations. Identifying and Mitigating Risks in Oil Logistics Comprehensive risk assessments help in preempting logistical disruptions.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 98

Planergy

MARCH 19, 2025

Technology automates repetitive tasks like purchase approvals, order tracking, and invoice management, freeing up administrators time for strategic planning. Risk Management in Supplier Relationships Unforeseen challenges, like a supplier going out of business or supply chain disruptions, can severely affect schools.

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Suppliers Management supply chain budgeting Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. 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

SCMDOJO

APRIL 22, 2024

Supply Chain Risk Management, or (SCRM for short), is an already expanding industry, and with artificial intelligence becoming more intelligent by the day, it’s going to be an integral part of any supply chain analysis. From natural disasters to cyberattacks and pandemics, the risks are varied and significant.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 98

World of Procurement blog

APRIL 23, 2024

Artificial Intelligence (AI) and Machine Learning (ML) AI and ML technologies are beginning to play a significant role in predictive analytics, risk management, and process automation. Risk Mitigation : Advanced analytics and real-time data enable proactive risk management and compliance monitoring.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Artificial Intelligence (AI) and Machine Learning (ML) AI and ML technologies are beginning to play a significant role in predictive analytics, risk management, and process automation. Risk Mitigation : Advanced analytics and real-time data enable proactive risk management and compliance monitoring.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

Supply Chain Trend

SEPTEMBER 26, 2020

During this period of risk management, strategy focus will likely be dialed down too. With the help of cognitive automation, IBP will become both more agile and more strategic. Some supply chains leaders already have displayed these capabilities during COVID.

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Agile and Lean Supply Chain Supply chain Demand Strategic planning 78

Supply Chain Game Changer

MAY 19, 2022

Fortunately, strategic planning can help you deliver your land cargo on-time , despite the abundant labor shortages. Either option creates opportunities for better consistency, improved risk management, and better professional relationships. Understanding the Labor Shortage. million in March 2022.

supply chain budgeting 95

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 95

Zycus Cognitive Procurement

DECEMBER 15, 2022

As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. Managing Supply Chain Risk. This can be achieved through a combination of effective risk management strategies and business continuity planning.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Templates

MARCH 3, 2024

Risk Management : Market intelligence helps in identifying and mitigating various risks associated with procurement, such as supply chain disruptions, price volatility, geopolitical instability, and regulatory changes. Strategic Planning : Market intelligence informs strategic planning and decision-making within procurement.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

World of Procurement blog

APRIL 24, 2024

Key Differences and Similarities While buying is a subset of procurement, procurement’s vantage point is of a wider lens, encompassing strategic planning, risk management, and value optimization. For Procurement: Strategic Vision : A forward-looking approach is essential for aligning procurement with organizational goals.

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Procurement Supplier relationship management Strategic sourcing Strategic sourcing 52

Skill Dynamics

OCTOBER 19, 2023

For example, advanced strategic planning skills are relevant to procurement managers, while data analysis proficiency is associated with sourcing analyst roles. Frequent skills gaps include: Risk management – key for avoiding supply chain disruptions. Robust risk management strategies.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Procurement professionals who can define, execute and implement strategic planning processes are required for resilient and innovative procurement functions. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

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Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Planergy

FEBRUARY 24, 2025

Set up cross-departmental procurement committees that include representatives from: Academic departments Administrative offices Financial management Technology services Facilities management Schedule quarterly strategic planning sessions to review the previous quarter and plan for the next one.

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Procurement Supply Chain Efficiency supply chain budgeting Budget 52

NLPA (Next Level Purchasing Association)

MAY 7, 2023

The executive component of S&OP is the eS&OP, where top management, middle managers, and specialists meet to balance supply and demand, align operational and financial planning, connect strategic planning with day-to-day sales and operations, and establish policy, strategy, risk, and budget changes via a disciplined discussion.

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supply chain budgeting Demand Strategic planning Demand Planning 52

SCMDOJO

JUNE 28, 2024

Through their knowledge of logistics, operations, and strategic planning, women are forging successful careers and making a substantial impact on this sector. Continue reading to the next section to learn more about them. The growing number of women in supply chain roles is a testament to their skills, expertise, and determination.

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Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

TYA Suite

SEPTEMBER 25, 2024

However, the is fraught with risks that can impact a company’s bottom line and operational efficiency. Effective procurement risk management is essential to ensure smooth operations and safeguard the organization’s interests. Understanding these risks is the first step toward effective procurement risk management.

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Risk Strategy Procurement Supply Chain Efficiency 40

Arkestro

MAY 30, 2022

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. The Pandemic Exposed Flaws in Traditional Approaches to Procurement. All while still maximizing cost savings. .

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Cost Management: Keeping costs within budget while facing fluctuating material costs and unexpected expenses. Risk Management: Identifying and mitigating risks associated with delays, supply shortages, and contractual disputes.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

World of Procurement blog

APRIL 23, 2024

Cost Management: Keeping costs within budget while facing fluctuating material costs and unexpected expenses. Risk Management: Identifying and mitigating risks associated with delays, supply shortages, and contractual disputes.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

Supply Chain Game Changer

NOVEMBER 14, 2018

While many of the basic functions that are performed in the Supply Chain, like order management, negotiations, supplier management and transportation will continue the way in which these skills, and more, are performed will be much more technologically advanced and informed. So what are some of the Supply Chain skills of the Future?

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Agile and Lean Supply Chain Supply chain Supply Leadership 73

Supply Chain Game Changer

MARCH 2, 2021

This strategy plays into a larger lesson regarding disaster planning and risk management. Rather than dust off risk management documents once a year, then file them back in a drawer, Mike says supply chain professionals must take these preparations seriously and include them in ongoing strategy.

Supply Chain Efficiency 59

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 59

Planergy

SEPTEMBER 5, 2023

Enhanced Decision-Making A well-prepared budget provides valuable insights for strategic planning and decision-making. Better Risk Management By identifying potential financial issues early on, budgeting allows you to mitigate business risks and implement contingency plans.

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supply chain budgeting Budget Real-time Visibility Spend management 92

SCMDOJO

APRIL 29, 2024

Technologies such as enterprise resource planning (ERP) systems, warehouse management systems (WMS), and transportation management systems (TMS) can streamline operations and improve efficiency. Risk Management: Proactively identifying and managing risks is crucial for supply chain success.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

NLPA (Next Level Purchasing Association)

JUNE 23, 2022

It is a decision-making activity involving the leader of the business (President, General Manager, COO or Managing Director), his/her staff, a number of middle managers and specialists. Align operational planning with financial planning. Link strategic planning with day-to-day sales and operational activities.

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Demand Planning Demand supply chain budgeting Strategic planning 52

IBM Supply Chain Blog

JUNE 23, 2023

AI technology enables finance professionals to focus on higher-value activities, such as strategic planning and analysis, instead of manual and transactional activities. Risk management and controls are an imperative in F&A. Consider how you will answer questions your stakeholders might ask about AI-generated content.

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Risk Strategic planning Strategy Data 56

World of Procurement blog

MAY 8, 2024

Common procurement metrics include spend under management, savings targets, supplier lead time reduction, procurement process efficiency gains, sustainability metrics and more. Developing a Strategic Procurement Plan A detailed 3-5 year strategic plan turns the strategy into an actionable roadmap.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Let's Talk Supply Chain

DECEMBER 4, 2023

His 13-year tenure as an International Division General Manager at SDI and 7 years as a Country Manager at Saint-Gobain Abrasives in Mexico underscores his remarkable ability to thrive in multi-cultural business environments.

Supply Chain Optimization 52

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

IBM Supply Chain Blog

JANUARY 30, 2024

Define goals A multicloud journey begins with aligning business goals with an overall strategic plan. Managing multiple clouds calls for zero-trust security—an approach that assumes a complex network’s security is always at risk of external and internal threats.

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Strategy Real-time Visibility Data Risk 91

Empowering CPO

JUNE 30, 2023

This function is no longer limited to transactional activities such as purchasing; instead, it has evolved into a strategic role that directly influences a company’s bottom line and competitive standing. Their role is multifaceted, ranging from supplier management and spend analysis to contract negotiation and risk management.

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Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52