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A new series on Risk Management for procurement professionals

Spend Matters

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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CPOs must separate the signal from the noise to help manage disruption

Procurement Leaders

First, it means aligning the procurement and supply strategy with that of the wider organisation more so than ever. Growth markets need to be carefully aligned with supply markets, as a simple example. What does this mean in practical terms?

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Procurement Strategy’s Role in Guarding Against Supply Chain Disruptions

SCMDOJO

Conduct a Supply Market Analysis: Use PESTEL and SWOT frameworks. Develop Risk Management & Compliance Measures: Monitor supplier performance and compliance. Key Steps to Follow: Assess Procurement Needs: Identify key procurement areas (Direct, Indirect, CAPEX).

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Modernizing procurement with the Alt Suite

Spend Matters

Procurement has become a multi-functional hub for supplier discovery, contracting processes and third-party risk management — the integral guide to the opportunities and risks of global supply markets.

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The Big Interview with Nathalie Adotevi

Procurement Heads

I sit in the supply-facing team, in digital and talent and specifically in the innovation team: our team drives new ways of doing procurement by digitising our ways of working, leading strategic category transformations and bringing impactful supply market insights.

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The Big Interview with Nathalie Adotevi

Procurement Heads

I sit in the supply-facing team, in digital and talent and specifically in the innovation team: our team drives new ways of doing procurement by digitising our ways of working, leading strategic category transformations and bringing impactful supply market insights.

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Focusing Beyond Cost in Procurement

Una

That being said, here are some areas for procurement to consider focusing upon beyond cost reduction: Supplier relationship management (SRM) Procurement can focus on building strong relationships with suppliers to improve communication, collaboration, and transparency.