EBA Guidelines – A Call to Action for Banking Sector Procurement?

ivalua

Peter Smith, Managing Director, Procurement Excellence Ltd. The European Banking Authority (EBA) has published new guidelines on outsourcing , a document that has wide-ranging implications for every banking organisation, and requires careful consideration by procurement leaders and functions. The guidelines will enter into force on 30 September 2019. The guidelines insist that attention and focus need to start from the top.

Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

Cerasis

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner. All such guidelines or rules are at this moment incorporated by reference into the TOS.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

IKEA’s IWAY Lessons For Procurement!

Supply Chain Game Changer

Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. SCM #SupplyChain #ikea #retail #logistics #procurement #purchasing. Subscribe Here! Email Address.

How to Build a Digital Procurement Ecosystem in 8 Minutes!

Supply Chain Game Changer

In this post, I’d like to suggest a mapping of a digital procurement ecosystem, dive into the necessity for these functionalities, and draw some conclusions as to how these focus areas can drive performance in an overall procurement organization. When building a digital procurement and sourcing ecosystem, it’s important to dig into your existing procurement process. The Digital Procurement Ecosystem. Building your own Digital Procurement Ecosystem.

Procurement Integrity Breach – A Sure Way to Get Fired!

Supply Chain Game Changer

Check out Procurement Outsourcing – Keep your Integrity! The details were still a bit sketchy but pointed to a serious breach of our business conduct guidelines. Is there anything worse than cheating your suppliers as a procurement professional? . Subscribe Here!

What is Procurement’s Place in the Value Chain?

Supply Chain Game Changer

Where does Procurement stand in your organization’s Value Chain? I speak with Procurement, Sourcing and Purchasing professionals every day, from various globally functioning organizations, and there’s a resounding similarity in every one of those conversations…. Procurement is?—?still?—?largely Simple answer: Traditional C-Suites don’t typically see procurement as a profit-creator or market differentiator, but rather a capital saver and money spender. Subscribe Here!

Paving the Way for Sustainable Public Procurement

EcoVadis

Sustainable public procurement can also be beneficial from the economic perspective: It can generate income, reduce costs and promote innovation among domestic producers. National Procurement Standards. Although public procurement policies vary widely from country to country, most national governments issue purchasing guidelines for state-owned enterprises. The commitment to sustainable procurement extends to ensuring suppliers follow sustainable practices.

What Is a Good Reverse Auction Procurement Strategy?

EC Sourcing Group

Even those not involved in procurement or purchasing, are familiar with how a regular auction works. In a reverse auction, the buyer and the seller flip roles, except in procurement, there are slightly different attributes. R everse Auction Procurement Strategy : Strategies for Success.

Hello Automated Procurement, Goodbye Tedium

Jaggaer

Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic tasks that add value to the organization and make work more satisfying and rewarding for a procurement professional. Automated procurement means that procurement professionals are released from tedium while organizations enhance their efficiency and release additional value.

Sustainable Procurement Finally Getting Its Own Standard

NC State SCRC

A new post discussed the development of a sustainable procurement standard developed by the International Standards Organization. ISO 20400 , Sustainable procurement – Guidance, has just reached a second draft international standard stage, meaning interested parties can submit feedback via their ISO member on the draft before final publication in 2017. It’s about time that the concept of sustainable procurement has a standard established around it.

ISO 20400: Building Value Through a New Standard for Sustainable Procurement

EcoVadis

No matter what industry you operate in, procurement can create immense value — in some sectors, for instance construction, as much as 80 percent of revenue goes into the supply chain. It is not surprising then that not only procurement professionals but also CEOs and heads of public organizations are increasingly looking for ways to understand their supply chains. Section 6 of the ISO 20400 also provides organizations with guidelines on sustainable procurement reporting (6.5.2

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

KPI 40

Loading the supplier dice in the procurement process

Claritum

Claritum Article - Procurement Blog. In the case of procurement, loading the dice refers to taking actions that ensure a particular supplier is either always favoured, selected or is at least short listed. Contents. Introduction. Eliminating or reducing competition.

Procurement Technology: An Update from Spend Matters in Baltimore

NC State SCRC

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy. Next up was Dan Carrell, Vice President of Global Procurement at IBM.

Government Procurement Guide for Schools

AFFLINK

Schools are often working within strict budgets, as well as guidelines and standards that they need to meet. Consequently, the government procurement process can be complex and will often need to be streamlined to cut costs. Starting Government Procurement: RFPs. For schools, the government procurement process begins with RFPs: a request for proposal. Here are a few things to consider.

How Can Procurement Create a Competitive Advantage in Talent Acquisition

ivalua

This article focuses on outsourcing, which offers more flexible solutions, has been on the rise to supply enterprises with external talents, leading to how procurement can help challenge the traditional strategy in order to maximize the chances of pairing the right talent with a need. Procurement Has A Key Role In Fighting This Talent Shortage. And, believe it or not, Procurement has a key role to play to enable this competitive advantage. This is where Procurement comes in.

Are you a Game Changer? Tell us your Story!

Supply Chain Game Changer

As you complete the form and tell us about your Game Changing activities we ask that you consider the following guidelines: Guidelines: Articles should be at least 1000 words long. SupplyChain #Leadership #supplychainmanagement #procurement #purchasing #logistics #freight.

Sustainable Procurement Milestones in 2015, And How We Can Carry The Momentum Into 2016

EcoVadis

Looking ahead, we see great hope that the momentum will carry us forward: As we move into 2016 we are already starting to see the next steps and trends to put the tools and processes in place to bring Sustainable Procurement into mainstream business. It was a year of growing awareness, agreeing on commitments, defining targets and guidelines, and embracing a mandate for sustainability in 2015 for governments, businesses, leaders and consumers alike.

Still Don’t Know How Many Slaves Are In Your Supply Chain?

Talking Logistics

Last week, the Chartered Institute of Procurement & Supply (CIPS), a leading international body representing purchasing and supply management professionals, issued a press release highlighting findings from a survey it conducted showing that relatively few companies are ready to comply with the UK’s Modern Slavery Act , which was passed in March 2015 with enforcement set to begin on April 1, 2016. How many slaves are in your supply chain?

Job opening:Procurement Manager at DaVita

Supply Chain Movement

The procurement manager provides customer service support to DaVita employees for the purchase of products and services used in dialysis facilities and in business offices. Know, understand, and follow teammate guidelines, employment policies, and department or company procedures. Minimum of four (4) years’ related experience in Procurement & Customer Service required. Keywords:Procurement, health care, Saudi Arabia, Riyadh. General purpose of the job.

The Procurement Economy in 2019: The UK and the European Union

Jaggaer

and the European Union and examines how procurement organisations can best prepare in the new year. With Brexit looming and the possibility of World Trade Organisation rules coming into effect in UK/EU trade, the European procurement and supply chain markets look unsteady. Combined with increasing isolationism in other parts of the world, procurement teams dealing in the EU and UK will have to take steps to prepare for unstable markets. Procurement Resources

Opportunity cost of transactional activity in Procurement

Claritum

Claritum Article - Procurement Blog. Key transactional areas of Procurement. Strategic focus areas of Procurement. If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? 2 Key transactional areas of procurement. The following are the traditional areas associated with Procuring (Source: CIPS). 3 Strategic focus areas of Procurement. Contents. Introduction.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

In the logistics aspect of the supply chain, this equates to better monitoring and adherence to guidelines governing drive time, fuel use, deadhead and more. Subscribe Here! Email Address. Blog post originally published by, and permission to publish here provided by, Adam Robinson on [link].

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

In the logistics aspect of the supply chain, this equates to better monitoring and adherence to guidelines governing drive time, fuel use, deadhead and more. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Supply Chain Game Changer Job Board!

Mind Map for medtech supply chains 2014

Supply Chain Movement

Supply chains are becoming increasingly complex with rising costs, ever more demanding customers and rigidly upheld guidelines. Improving hospital logistics processes, outsourcing logistics and improving procurement activities can deliver impressive results. Visuals 3D printing consignment stock DSV healthcare hospital logistics hospitals information management manufacturers medical medtech Outsourcing Procurement suppliers Supply Chain Movement wholesalers

Sorting out Risk in FinTech Source Chains

NC State SCRC

The tools here are very immature, and must be compliant with what are very general guidelines provided by the OCC and FRB policies, which are also written in a very general manner. A further complication arises because of the inability to correctly classify the project, supplier, and procurement transaction. The risk standard set up following the financial crisis are officially known a “guidelines”, but are in fact very prescriptive.

Managing Outsourcing Risk: A New Framework for Banking and Beyond

Jaggaer

A lack of transparency in the procurement of outsourced services can also lead to a number of other challenges, putting banks at risk for corruption and fraud. . To combat this risk, the European Banking Authority (EBA) published draft guidelines for the management of outsourcing practices i n June, 2018 to establish a common framework f or risk management in outsourcing activities. What do the new EBA Guidelines for managing outsourcing risk look like? .

Defining the ‘Why’ of Category Management

Jaggaer

When procurement thinks about why they might implement a category management pro cess , the reasons that come to mind are likely to involve more effective management of spend or having increased time to invest in strategic supplier relationships. Consistent Knowledge and Guidelines .

The Ultimate Guide to Plastic Pallets

Cerasis

As well as design and weight capacity you’ll need consider export and import guidelines as these will influence which pallets you required. If you’re currently in the procurement process and finding it difficult to decide, you might want to review the advantages of plastic pallets as well as these handy buying tips ! It can often be tricky selecting the correct plastic pallets for your business.

Blog: Bristlecone Industry-Specific Tactical Sourcing (BITS) is Now an SAP-Qualified Partner-Packaged Solution for SAP Ariba

Bristlecone

SAP Ariba Guided Buying empowers employees to make their own purchasing decisions – while ensuring they follow your procurement guidelines and buy from your preferred suppliers. BITS combines our procurement expertise with assets, accelerators and value-adds to help you achieve maximum value from SAP Ariba Guided Buying by: Streamlining Sourcing Processes. Reducing Over-Dependence on Procurement Teams. Learn more about our Procurement Capabilities and BITS.

The Effects of a Recall Can Be Minimized With a Connected Supply Chain

DynaSys

If the supply chain processes are not connected from the beginning to the end of the entire procurement, manufacturing and distribution processes, or “field to fork”, you will have a bumpy road. It is the only way to accurately know where inventory is located at all times and to determine if that inventory is being stored and moved within the proper guidelines to minimize compromises of any kind. It seems like there are more product recalls now than ever before.

How to Reduce HAI Infections With Strategic Procurement

AFFLINK

According to the CDC, from 2008 to 2014, hospitals that adopted HAI prevention guidelines saw a 50% decrease in bloodstream infections associated with central lines, a 17% decrease in surgical site infections, an 8% decrease in c. And it starts with strategic procurement. To make a well-informed decision it’s going to take a strong strategic procurement process to sort through all of the options and select the best provider.

Sustainable Luxury:  Managing Social and Environmental Performance in Iconic Brands (BOOK REVIEW)

Supply Chain View from the Field

These philosophical evaluations provide a very interesting set of guidelines for executives to consider when building corporate and ethical codes of conduct that underlie their mission and values. Corporate Social Responsibility Design for Supply Chain Labor and Human Rights in the Supply Chain Luxury Brands Procurement Sustainability Retail Logistics Sustainability “Luxury is a necessity that begins when necessity ends.” – Coco Chanel.

Collaborative Approaches to Design-Build Contracts in Oil and Gas Construction

Supply Chain View from the Field

The description provides very clear guidelines on how to handle issues as they arise. Contract Management Customer Relationship Management Oil and Gas Procurement Supplier Relationship Management Supply chain analytics Supply Chain Management Supply chain Relationships Many companies are still proclaiming that they have “collaborative relationships”, but nowhere is this less the case then in the construction industry in oil and gas.

The Drive To 100% Bio-based Plastic Bottles

NC State SCRC

Coke works with the WWF and other consortiums, including competing brands such as Nestle, Danone, Unilever, Ford, P&G, and others – to set the guidelines and industry standards that prevents others from jumping in with “green washing” claims, and drive confusion over the issue. Biobased Products Food Supply Chains Local Food Systems Procurement Sustainability Supply Chain Economics Supply Chain Management Sustainability

BRIC 40