Procurement Insights

NOVEMBER 29, 2023

“When I was given an advanced peek at Jamie Crump’s white paper , “Rumors of My Death Have Been Greatly Exaggerated: How Supplier Diversity Will Thrive in 2024 and Beyond”, a cascade of thoughts ran through my head. Given the title of Jamie Crump’s current white paper, I can’t help but wonder how far we’ve come since 1967.”

Suppliers 75

Suppliers Agile and Lean Supply Chain Risk Import 75

ivalua

JANUARY 20, 2016

Improving sourcing cycle time is critical, as is having the right information in place to navigate around roadblocks and mitigate risk. Risk management. Assessing, understanding, and managing risk must become a core competency. Mastery of big data will determine who rises to the top in terms of financial performance.

Collaboration 100

Collaboration Risk management Risk Suppliers 100

Jaggaer

APRIL 6, 2020

How can we look at s upply c hain risk management more critically ami d COVID -19 , and react quickly ? Identifying Supply Chain Risk Amidst the Chaos . S upply chain risk, in a global pandemic scenario , has five defining characteristics : . Universality. . Stabilizing the Supply Chain in Turbulent Times .

Supply Chain Efficiency 72

Supply Chain Efficiency Risk Supply chain Supply 72

IBM Supply Chain Blog

MAY 1, 2023

Some risks of using foundation models are like those of other kinds of AI, like risks related to bias. But they can also pose new risks and amplify existing risks, such as hallucination, the capability of generation of false yet plausible-seeming content.

Ethics 93

Ethics Risk Data Strategy 93

Jaggaer

JULY 21, 2020

It also helps reduce risk, keep costs down and increase compliance. Learn all about the steps to take in achieving autonomous procurement in our white paper, written by Michael Lamoureux of Spend Matters. With purchasing now executed over a digital platform, the risk of off-contract (maverick) spend has been reduced.

Procurement 102

Procurement Purchasing Suppliers Purchase orders 102

Procurement Insights

AUGUST 29, 2024

Educational Content : Some associations collaborate with solution providers to create white papers, training programs, and certifications. Partnership Programs : Strategic partnerships with solution providers can include memberships, advertising, or research collaborations.

Risk 52

Risk Procurement Influencing Collaboration 52

SupplyShift

JUNE 25, 2021

Below, we’ll walk you through the steps to identify your biggest supply chain ESG risks, so you can get serious about your ESG strategy, stand out in the market, and comply with emerging regulations. By doing so, you can identify the largest hotspots in your supply chain and prioritize your highest risk suppliers for focused engagement.

Sustainability 52

Sustainability Supply chain Risk Supply 52

SupplyShift

JUNE 25, 2021

Below, we’ll walk you through the steps to identify your biggest supply chain ESG risks, so you can get serious about your ESG strategy, stand out in the market, and comply with emerging regulations. By doing so, you can identify the largest hotspots in your supply chain and prioritize your highest risk suppliers for focused engagement.

Sustainability 52

Sustainability Supply chain Risk Supply 52

Jaggaer

MAY 7, 2019

Since the financial crash of 2008, procurement has taken on an increasingly important role in the sector for another reason: strategic suppliers all present various kinds of risk to the bank. They will need to be able to work in close collaboration with internal and external auditors as well as the compliance and risk teams.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement Chief Procurement Officer Spend management 75

Jaggaer

SEPTEMBER 11, 2020

To learn more about the technologies that are shaping the procurement industry check out our recent white paper. . Ultimately our focus has been about how AI can help make decisions faster and with accuracy whether that be for smarter sourcing, identifying risk factors in supply chain or contract compliance.

Procurement 86

Procurement Chief Procurement Officer Supply Chain Efficiency Data 86

Procurement Heads

MAY 9, 2023

Also, the traditional challenges for procurement – cost, risk, increased regulations, ESG, and the race to automate and drive innovation. Cost, digitalisation, risk and resilience and people. You let them go and make mistakes and take risks. For example, moving to the United States in 2012 was a massive risk.

Risk 130

Risk Procurement Sustainability Supply chain 130

Procurement Heads

MAY 9, 2023

Also, the traditional challenges for procurement – cost, risk, increased regulations, ESG, and the race to automate and drive innovation. Cost, digitalisation, risk and resilience and people. You let them go and make mistakes and take risks. For example, moving to the United States in 2012 was a massive risk.

Risk 130

Risk Procurement Sustainability Supply chain 130

The Network Effect

AUGUST 14, 2015

These are the types of questions being asked by business executives who are under pressure to increase sales, decrease risk, and improve profitability on a daily basis. But if you’re impatient and want to find out more now, I suggest you read the new white paper: Why Wall Street Cares About Your Master Data Management Strategy.

Real-time Visibility 67

Real-time Visibility Data Networking Risk 67

SCMDOJO

APRIL 22, 2022

Chainyard, a blockchain firm, published a white paper showing that a new supplier’s onboarding process is faster by 70% to 80%. NFT helps create a shared procurement platform for all the enablers.

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Procurement Insights

DECEMBER 13, 2024

Improved Compliance and Risk Management: AI agents can monitor compliance with procurement policies and identify potential risks, ensuring adherence to regulations and mitigating supply chain disruptions. I will also be digging deeper into the GEP white paper.

Supply Chain Efficiency 59

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Supplier relationship management 59

Procurement Insights

AUGUST 14, 2024

Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, risk management, and flexibility in sourcing and logistics. Supply Chain Visibility and Risk Management 3. Here’s why: 1. Comprehensive Supplier Network 2.

Real-time Visibility 49

Real-time Visibility Supply Chain Visibility Supply Chain Efficiency Supply Chain Optimization 49

Supply Chain Game Changer

MAY 23, 2022

Purchasing items for projects has always been difficult because of high administration costs and risks associated with both the buyer and seller. For instance, Biais and Durand explained how developers could purchase materials directly from manufacturers using cryptocurrencies through platforms without high fees or unnecessary risk.

Supply Chain Efficiency 86

Supply Chain Efficiency Bidding Networking Supply chain 86

Jaggaer

FEBRUARY 4, 2020

Download the white paper, “ How to Achieve Holistic Supplier Management.”. It’s a space to initiate innovation, optimize processes and identify and assess risks in the supply chain. Is it really enough to re-negotiate prices with the most important partners once a year? Or should there be more to it?

Suppliers 65

Suppliers Supply Chain Efficiency Supply Chain Optimization Price 65

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

NLPA Learning also includes learning resources, including live and on-demand webinars, publications and reports, articles, templates, white papers, and more! We need to ensure that we are spending money effectively and efficiently to maintain our organization’s profitability.”

Spend management 98

Spend management Management Procurement supply chain budgeting 98

SupplyShift

JANUARY 24, 2019

This article is an excerpt from our white paper, The Sustainable CMO: How sustainability is transforming the role of the CMO, written in collaboration with RF| BINDER and Possible. Click here to download the full white paper. MANAGING RISK a. Click here to download the full white paper.

Leadership 52

Leadership Sustainability Supply Chain Efficiency Price 52

Jaggaer

MAY 24, 2019

Managing outsourcing risk has become a major priority for many businesses. Outsourcing – What are the risks? . Outsourcing services can leave banks vulnerable to new sources of risk and new threat s. What do the new EBA Guidelines for managing outsourcing risk look like? . How did this happen ? Process Management.

Risk 40

Risk supply chain software solutions Supply Chain Efficiency Management 40

The Network Effect

JULY 10, 2015

Cash flows along with higher return on invested capital will improve through the reduction of risk-based inventory positions. I suggest you read the new white paper, What is Demand Sensing? Profit margins will improve by avoiding costly supply chain inefficiencies stemming from demand variability.

Demand 50

Demand Management Order Fulfillment Inventory 50

Jaggaer

DECEMBER 18, 2019

Download our free white paper, “ Why Agile Implementation Makes Sense for Procurement ”. How to circumvent: Choosing the right implementation method can help contain costs and reduce risks based on the “win fast or fail fast” principle. Yet things can easily go wrong. We look at the main pitfalls and how you can circumvent them.

Procurement 58

Procurement Project management Procurement team Budget 58

NLPA (Next Level Purchasing Association)

OCTOBER 14, 2021

The organization will be exposed to risk. Supply Risk Checklist. Vendor Risk Management. NLPA Learning also includes learning resources, including live and on-demand webinars, publications and reports, articles, templates, white papers, and more! The cost of this problem will significantly erode profits.

Procurement 52

Procurement Risk management Risk Management 52

Procurement Insights

AUGUST 30, 2024

The following is a comment from a Procurement Director regarding yesterday’s post – Why Procurement Associations Are At Risk In 2025. My reply follows. Sanitizing Truth? Business Partnering | Change Mgmt.

Supply chain 52

Supply chain Procurement Sustainability Risk 52

Jaggaer

SEPTEMBER 1, 2020

Evaluating the relevant risks in the supply chain for each category. You can learn all about the ’why’ of category management in our recent white paper by Kelly Barner of Buyers’ Meeting Point. Creating a to-be supplier portfolio for tracking, evaluating and comparing potential suppliers. Download it now. Download it here now.

Category management 52

Category management Management Buyers Supply Chain Efficiency 52

Jaggaer

APRIL 8, 2019

You could also be exposed to other legal risks. Maverick spending is just one of the six challenges listed in our white paper on transparency in indirect spend. Some contracts have exclusivity clauses or minimum order requirements, and if employees are purchasing elsewhere, your company could be in breach of contract.

Contract 66

Contract Purchasing Suppliers Quality 66

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

This strategy builds strategic partnerships, mitigates risks, and ensures a smooth flow of goods and services. This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships. Risk Management Strategies : Supplier qualification processes ensure reliability and quality.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

Supply Chain Collaborator

NOVEMBER 10, 2015

Here’s a donut-themed tale underscoring one of the many risks a shipper faces if they resist using a TMS for better visibility and cost control over transportation spend. Everyone likes free stuff; especially freight carriers who haul for organizations without TMS and the rules-based tendering such software delivers.

Influencing 60

Influencing Import Negotiation Logistics 60

NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can proactively manage risks and minimize the impact of disruptions.

Supply Chain Visibility 52

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

NLPA (Next Level Purchasing Association)

FEBRUARY 2, 2024

Risk Management is Keeping You Up at Night: Inadequate supplier management can lead to quality problems and compliance risks. Implementing a robust vendor risk assessment process can reduce product recalls by a whopping 75%. Non-compliance risks hefty fines and reputational damage. Mitigate risks and ensure compliance.

Procurement team 52

Procurement team Procurement Risk Collaboration 52

SupplyShift

FEBRUARY 20, 2019

However, there’s an inherent risk in trying to “contract away” human rights violations. This post is an excerpt from our white paper Modern Slavery in Supply Chains- Identifying and Addressing Labor Risk in Global Supply Chains. Click here to download the full white paper.

supply chain software solutions 40

supply chain software solutions Supply chain Supply Contract 40

SupplyShift

FEBRUARY 20, 2019

However, there’s an inherent risk in trying to “contract away” human rights violations. This post is an excerpt from our white paper Modern Slavery in Supply Chains- Identifying and Addressing Labor Risk in Global Supply Chains. Click here to download the full white paper.

supply chain software solutions 40

supply chain software solutions Supply chain Supply Contract 40

NLPA (Next Level Purchasing Association)

JANUARY 16, 2024

Mitigating Risk : Supply chain disruptions, quality issues, and price volatility can all pose significant threats to your business. A proactive procurement team can develop strategies to mitigate these risks, creating value by safeguarding your operations and ensuring a steady flow of essential materials.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Supply Chain Optimization 52

The Network Effect

JULY 17, 2015

In order to manage the risks associated with lead times and variability in our supply networks, corporations invest in both physical assets as well as additional operating expenses in order to protect their ability to serve actual customer demand at the right time in the right location.

Data 54

Data Management Networking Consumer demands 54

Procurement Insights

OCTOBER 11, 2023

Technology vendor lock-ins reduce the flexibility to embrace newer solutions with better technology, leading to a slower deployment cycle and higher security risk. Scaling these tech solutions to meet end-user needs quickly is challenging, and integrations are getting even more time-consuming and complex.

Collaboration 72

Collaboration Innovation Procurement Agile and Lean Supply Chain 72

Jaggaer

JULY 28, 2020

But the technology must not only drive cost savings but also reduced risk , greater security and more robust processes. Download our white paper “ Going Digital in Public Procurement “ The post DPS: An Answer to Public Procurement Burdens? appeared first on Jaggaer.

Procurement 75

Procurement Buyers Contract Purchasing 75