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How the importance of risk management has changed for procurement – and what to do about it

Spend Matters

A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. Today, just the combination of the words risk, environment and supply chain make the practitioner sit up and think differently.

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A procurement professional’s guide to risk events and mitigation strategies — FMCG

Spend Matters

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.

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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Detailed strategies for improving procurement skills Improving procurement skills involves a mix of education, practice, mentorship, and exposure to new tools and methodologies. LEED Green Associate).

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Tariffs and Procurement (Part 3): Tech capabilities for proper tariff management

Spend Matters

In part 3 we look at the tech that can support Procurement in tariff management. Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Design-for-Supply part 1, part 2, part 3 and part 4.

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Achieving Supply Chain Resilience: Strengthen and Adapt Your Operations

Skill Dynamics

Global conflicts, macroeconomic shocks, and shifting global trade routes are all combining to provide real challenges to modern supply chains, and are driving the uncertainty that organizations feel. Companies often struggle to plan for such challenges, which is why developing a strong and resilient supply chain team is so important.

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5 Biggest Mistakes Supply Chain Managers are Likely to Make in 2021

All Things Supply Chain

The recent worldwide turmoil due to the pandemic has forced organizations to rethink their supply chain strategy. Particularly, right now there is no room for supply chain managers to let…

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The Best Ways to Use Project Management to Build Resilient Supply Chains Amid Global Disruptions

SCMDOJO

Supply chains are the backbone of global trade that ensure the smooth movement of goods and materials across industries. One of the most effective strategies for building resilience is integrating project management into supply chain operations. Increase efficiency by standardized processes and workflows.