Supplier negotiation Supply chain resilience Sustainability 
Procurement Insights
JANUARY 3, 2025
Integration with Sustainability Goals : CFOs began to value procurement’s contributions to corporate social responsibility (CSR) , particularly in sourcing ethically and supporting sustainability initiatives. CFOs began to see procurement as critical to business continuity and organizational agility.
Procurement Insights
MAY 25, 2024
How do you do a cost justification analysis or negotiate a user fee that both you and the provider can feel good about? I have one more point to add—and this question is based on actual research—are said savings sustainable beyond the first year? A lot has changed technology-wise during that period.
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The Procuretech Podcast
JUNE 18, 2024
DigiProc automates supplier negotiations for tactical and tail spend. Alpas AI offers AI-driven supplier discovery and sourcing. Daato consolidates ESG compliance and sustainability reporting. MySupply offers AI-driven tactical sourcing and negotiation. Supplios manages supplier relationships for direct spend.
TYA Suite
NOVEMBER 15, 2024
Supplier risk management should include assessing the environmental practices of suppliers and understanding their vulnerability to such risks. This might involve encouraging suppliers to adopt sustainable practices and develop disaster recovery plans. : Strong relationships with suppliers can help mitigate risks. .
World of Procurement blog
MAY 8, 2024
Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Avoid suppliers linked to human rights abuses or unsafe working conditions.
Empowering CPO
JUNE 14, 2023
It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. For one, they often focus too heavily on price at the expense of other factors, such as quality, sustainability, and supplier innovation.
TYA Suite
JULY 17, 2024
Procurement strategy is the cornerstone for sustained growth when negotiating the complexity of today's corporate environments. This strategy outlines the methods and processes for selecting suppliers, negotiating contracts, , and ensuring that procurement activities align with the organization’s overall goals and objectives.
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