CPO Rising

NOVEMBER 1, 2024

In today’s world where globalization and innovation are critical to competitive survival, chief procurement officers rely on supplier specialization more than ever.

Vendor management 52

Vendor management Chief Procurement Officer Innovation Management 52

Procurement Tactics

AUGUST 19, 2022

Vendor Management Best Practices — The Ultimate Guide of 2022. Vendor management best practices are utilized to boost business growth and productivity. For this article, we will discuss what the best practices in vendor management are. What is Vendor Management? Vendor sourcing .

Vendor management 130

Vendor management Management e2e Negotiation 130

Una

OCTOBER 20, 2022

Vendor Management and Mitigating IT Supplier Risk. Vendor managers have come a long way from being a cost-savings shop. Cost savings will always be on the plate, but vendor managers are now managing risk from a governance and compliance perspective. Is the supplier meeting the requirements?

Vendor management 97

Vendor management Risk Suppliers Management 97

ProcurePort

AUGUST 17, 2020

Vendor management is an essential function of the procurement department, and is multifaceted in nature. HCM Works defines vendor management as, […]. The post A Vendor Management Guide for Procurement Leaders appeared first on ProcurePort Blog.

Vendor management 130

Vendor management Management Procurement Procurement team 130

ProcurePort

JUNE 30, 2021

Is there a cost-effective way to effectively manage a supplier database? Procurement teams are always on the hunt for resources that allow them to streamline the vendor management process. That’s why in the world of e-Procurement, one tool that is exceedingly appreciated is the supplier portal.

Suppliers 147

Suppliers Vendor management Procurement team Procurement 147

Supply Chain Brain

APRIL 14, 2024

The frequency and magnitude of supply chain problems can be reduced through the use of supplier scorecards.

Vendor management 98

Vendor management Suppliers Management Supply chain 98

ProcurePort

JUNE 8, 2022

. • Yet, such systems are not sufficient in an environment where the company has tens or hundreds of vendors. The post Top Vendor Management Problems and How to Overcome Them appeared first on ProcurePort Blog. Companies can get away with this when the supply chain is […].

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Vendor management Management Supply chain Supply 130

ProcurePort

MAY 5, 2021

Building an agile supplier relationship is nearly impossible without the right management strategy. Robust supplier relationship management strategies can make a big difference. The post Strategic Supplier Relationship Management appeared first on ProcurePort Blog.

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Supplier relationship management Suppliers Management Vendor management 130

Spend Matters

OCTOBER 31, 2024

For today’s vendor viewpoint we spoke with Nick Francis, Chief Technology and Marketing Officer (CTMO) at Commercial Value Management specialist Brooklyn Solutions. Within vendor management, there has been a significant change in the appetite for risk-related technology.

Risk management 114

Risk management Risk Management Real-time Visibility 114

Planergy

MARCH 19, 2025

How AP can improve relationships with your key suppliers. How better management in AP can give you better flexibility for cash flow management. Effective supplier management is essential for educational institutions. What is Supplier Management? Never make decisions based on price alone.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

ProcurePort

MARCH 30, 2022

· What is supplier management process? What’s the importance of implementing good vendor management best practices? · And what are some vendor supplier relationship strategies you can adopt to streamline the supplier management process? But first, what is supplier management anyway?

Suppliers 130

Suppliers Management Vendor management Strategy 130

The Procuretech Podcast

NOVEMBER 19, 2024

S2P and Vendor Management in the Energy Sector Praveen emphasises the importance of tailored procurement solutions for specific industries, particularly in the energy sector, where complex supply chains and massive capital projects are the norm. A key takeaway is Praveen’s emphasis on adaptability.

Vendor management 40

Vendor management Supply Chain Efficiency supply chain software solutions Real-time Visibility 40

Spend Matters

NOVEMBER 7, 2024

Halo Ai builds its supplier risk profiles via third-party data providers and web-sweeping techniques; it does not allow for supplier self-reporting without using external sources for validation. The product is already able to support financial, cyber, geopolitical and economic risk management today, alongside various ESG metrics.

Risk management 111

Risk management Risk Suppliers Supply chain 111

SCMDOJO

NOVEMBER 20, 2024

Supply Chain Collaboration Solid relationships with suppliers can enhance supply chain visibility. Supplier relationship management and buyer-supplier relationships are highly essential and are kept as a demand for better outcomes. Optimizing routes in this scenario is also essential because it helps reduce timing.

Inventory 98

Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 98

Procurement Heads

DECEMBER 7, 2022

We have three key areas: strategic sourcing, category management and vendor management, which is the onboarding and management of our suppliers and so on. We have 11 people in the function across strategic sourcing and vendor management, mainly based across two locations: London and Sofia in Bulgaria.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

Spend Matters

MARCH 17, 2023

Indeed, procurement should no longer just look at its “part-time” job in risk management from the vantage point of only “supply risk," i.e., physical or labor supply risk. Indeed, procurement should no longer just look at its “part-time” job in risk management from the vantage point of only “supply risk," i.e., physical or labor supply risk.

Suppliers 102

Suppliers Management Procurement Risk management 102

Procurement Tactics

MAY 24, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Vendor Scorecards — Everything You Should Know Vendor scorecards simplify vendor management and are an important factor in monitoring supplier performance. What Are Vendor Scorecards?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

Supply Chain Game Changer

JULY 29, 2020

Strategic Supplier Relationship Management – Do’s and Don’ts. Vendor Management Challenges article and permission to publish here provided by Aggy Zawadzka at straightnorth.com. Executives and managers already understand how vital it is to manage employees. Subscribe Here! Email Address.

Vendor management 53

Vendor management Management supply chain software solutions Supplier relationship management 53

Spend Matters

MARCH 25, 2025

Suppliers and external partners contribute another layer of complexity, as they rely on procurement systems for seamless onboarding, data accuracy and operational efficiency. One of the most effective ways to achieve this is by using data-driven storytelling to showcase procurements role in cost savings, efficiency gains and risk management.

Stakeholder engagement 91

Stakeholder engagement Management Procurement Influencing 91

TYA Suite

DECEMBER 16, 2022

Successful companies focus a lot on their vendor management process and get benefited from it in the market and are always one step ahead of any risks they could encounter. This blog will help you understand the importance of the vendor management lifecycle including tips and tricks for effective vendor management.

Vendor management 52

Vendor management Management Real-time Visibility supply chain software solutions 52

ProcurePort

MARCH 4, 2021

Have you ever wondered how some companies always appear to have their suppliers in order? Do you sit up at night wondering what some of the best vendor management practices are and what methods you can adopt in your own campaigns that will yield favorable results? Well, supply base management may be just what you’ve […].

Management 130

Management Vendor management Supply Suppliers 130

SCMDOJO

FEBRUARY 21, 2025

Procurement leaders, Chief Procurement Officers (CPOs), and Supply Chain Managers must proactively build resilience into their procurement processes to safeguard operations. Build strong supplier partnerships for long-term stability. Supplier Financial Instability: Bankruptcy or operational shutdowns of key vendors.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

ivalua

JULY 12, 2021

The solution streamlines and automates the management of inventory levels, the stock replenishment process and collaboration with suppliers for Vendor Managed Inventory (VMI), addressing both indirect spend and direct materials needs. Increase supplier autonomy on replenishment orders within the agreed boundaries (i.e.,

Real-time Visibility 130

Real-time Visibility Collaboration Inventory Supply Chain Optimization 130

Procurement Heads

FEBRUARY 22, 2023

The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. We can influence our stakeholders in our respective companies to make better or more informed decisions and we can also influence suppliers in the way that we engage with them.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

TYA Suite

JANUARY 27, 2025

One effective way to enhance the efficiency of your AP team is by implementing a vendor portal. A supplier portal streamlines interactions between your business and its suppliers, automates repetitive tasks and ensures smooth operations. With a supplier portal, invoices are submitted electronically and processed automatically.

Vendor management 40

Vendor management Vendor relationships Contract Suppliers 40

Procurement Tactics

SEPTEMBER 12, 2022

The event’s topics ranged from child labor and forced labor to supplier diversity, inclusion, human rights, living wages, human trafficking, mining, SME suppliers, and many more. Jaime Paiva, also an SPP member as co-chair for supplier diversity, represented Zurich as head of procurement and vendor management.

Sustainability 201

Sustainability Chief Procurement Officer Procurement Supply chain 201

Spend Matters

MARCH 18, 2025

To view these vendors by their market ranking (best fit for SME, Mid or Large buying organizations) as well as vendor demographics (including geographic reach, customer sample, top industries and pricing model), visit the freely accessible SolutionMap Insider app here. Data is refreshed every 6 months.

Procurement 87

Procurement Sourcing Contract Risk 87

Procurement Insights

MARCH 23, 2025

“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. sourcing, PO processing, supplier management).

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Suppliers 52

TYA Suite

OCTOBER 6, 2024

Vendor-managed inventory (VMI) has become a crucial strategy in modern supply chain management, enabling businesses to enhance efficiency, reduce costs, and strengthen relationships with suppliers. Effective supplier-managed inventory requires seamless communication and data sharing between the buyer and supplier.

Vendor management 40

Vendor management supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 40

ivalua

MARCH 21, 2022

Our first day will feature Ivalua’s Founder and CEO, David Khuat-Duy , offering his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurement teams and suppliers. Breakout : Supplier collaboration and your Supply Chain Strategy.

Vendor management 130

Vendor management Leadership Collaboration Innovation 130

Spend Matters

OCTOBER 14, 2024

platform supports vendor lifecycle management, emphasizing user experience in the onboarding process. Users can track supplier performance and sourcing processes to ensure effective supplier selection. Vendor risk is managed through pre-qualifications and ongoing risk assessments. Specifically, Zapro.ai

Sourcing 114

Sourcing Budget Market analysis Risk management 114

CPO Rising

SEPTEMBER 6, 2024

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help… The post CPO Rising Listicle: Achieve Best-in-Class Vendor Management Performance with Six Strategies appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT. (..)

Vendor management 52

Vendor management Chief Procurement Officer Strategy Management 52

Procurement Heads

FEBRUARY 23, 2023

James Dobbin , Director and Head of Practice for Procurement Heads’ Financial & Professional Sector, added, “Across financial services, we’re seeing high demand for vendor management specialists, with the sector heavily regulated there’s a definite focus on operational resilience and risk.

Vendor management 130

Vendor management Influencing Demand Risk management 130

Empowering CPO

JUNE 20, 2023

Introduction In today’s dynamic and complex business landscape, effective vendor management has become more crucial than ever. It’s no longer just about procuring goods and services at the lowest possible cost, but it also involves nurturing strategic relationships, managing risks, and ensuring performance and quality.

Vendor management 40

Vendor management Vendor relationships Management Supply Chain Efficiency 40

SpendHQ

JULY 19, 2022

The post Creating A World Class Supplier Diversity Program: Ten Things To Consider appeared first on SpendHQ.

Suppliers 98

Suppliers Vendor management Procurement solutions Procurement 98

Spend Matters

APRIL 4, 2024

Each article gives an overview of the technology’s relevant capabilities, how GenAI is used and a high-level market outline that is informed by our recently conducted vendor survey. Vendors in focus in Q1 In Q1, Spend Matters published 18 Vendor Analyses as part of our Insider coverage.

Procurement 110

Procurement Raw materials Risk management supply chain software solutions 110

CPO Rising

FEBRUARY 8, 2023

Join Ardent Partners and Evisort on February 28th from 2:00 PM to 3:00 PM ET for a discussion on Vendor Management: The Good, The Bad, and The Ugly. In this age of globalization and innovation, supplier performance continues to have a more direct and immediate impact on a company’s revenues and customer satisfaction.

Vendor management 40

Vendor management Management Innovation Suppliers 40