Enterra Insights

OCTOBER 17, 2019

You might find then find it surprising that a recent survey, conducted by Verdantix, found more than half of the company representatives who responded indicated “they still use a mix of spreadsheets and paper” as part of their supply chain risk management process.[1] ” Risk management at the speed of business.

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Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

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Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

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ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Incentivize procurement w/performance goals & KPIs that encourage supplier collaboration to drive meaningful changes in behavior.

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Procurement Academy

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning. For instance – improved communication skills or legal contract knowledge.

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EC Sourcing Group

OCTOBER 27, 2020

In all stages of the procurement process, there are risks. There is the supply chain in the overall big picture, of which procurement is involved. Suppose you think about the main purposes of procurement. Supply Chain and Risk Management Software : Identifying Risk. These include: Identify the risks.

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SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

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Enterra Insights

APRIL 4, 2018

.” Taken as a whole, the issues raised by Monahan and Gott are enough to keep any risk manager awake through the night. He writes, “2018 will bring unprecedented IT security threats and challenges for all businesses.”[2] ”[2] Those risks are: 1. Security threats for the Internet of Things (IoT).

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Enterra Insights

OCTOBER 10, 2018

In the book — which is based on real-life technology, technical papers, and diplomatic meetings — national security and international relations expert Peter W. As part of Amazon’s due diligence process, a third-party security firm was hired to assess Elemental’s cybersecurity. ”[3]. ”[3].

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SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Risk management.

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ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. It is also a major risk. Procurement leaders are acting.

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Precoro

SEPTEMBER 2, 2022

However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. It pays off to develop a procurement strategy, hire a team of professionals, and acquire necessary technologies early on. Direct procurement is about buying anything needed to manufacture a product.

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Supply Chain Shaman

NOVEMBER 15, 2023

The second is, Why are companies focused on traditional risk management investments primarily focused on supply/procurement when the more significant opportunity is balancing risk and opportunity in an increasingly complex world? Which gets me to the question, “What is supply chain management?

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GlobalTranz

APRIL 30, 2015

This post is the second in a series of “How to Spot Supplier Risk.” ” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. Enhancing Supplier Risk Management Through On-Site Evaluations.

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Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Types of Procurement Analytics.

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ivalua

APRIL 25, 2023

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations.

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Supply Chain Movement

MARCH 16, 2016

Supply Chain Risk Management Forum. URL: www.bisgrp.com/portfolio/conferences/other/supply-chain-risk-management-forum. Supply Risk Chain Management Forum gathers leading Supply Chain Management professionals & Procurement leaders involved in Risk Management.

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Supply Chain Game Changer

JANUARY 21, 2021

Featuring Our 12 Best Procurement Articles! Procurement drowning in data article and permission to publish here provided by Sam Jenks at kodiakrating.com. Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management. Is Procurement drowning in data?

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Exiger Perspectives

MAY 15, 2024

This is especially urgent for semiconductor manufacturing and procurement, and the CHIPS Act is fostering ways to diversify supply chains. Consider, for example, how GenAI is helping procurement professionals make more informed decisions. Contact us to learn how Exiger solutions can help as you rethink your supply chain.

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ThroughPut

OCTOBER 1, 2020

What is Supply Chain Risk Management? Supply Chain Risk Management (SCRM) is defined as the process of taking those strategic steps which can help manufacturers identify, analyze, assess, and finally mitigate the risk in the end-to-end supply chain. The Supply Chain Risk Management Lifecycle.

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Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

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Resilinc

APRIL 5, 2022

More than two years after the global pandemic began its epic disruption of supply chains, political and corporate leaders around the world are calling for a major redesign of globalized supply chains to emphasize security and resilience over cost and efficiency. “A

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Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

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ivalua

APRIL 28, 2023

Ivalua Spend Management Insights [ivory-search] Payment Cards FAQ: More Cash Rewards, Less Effort April 28, 2023 | | Innovation by Steve Carter Unlock your Payment Solution Organizations are rethinking their traditional payment methods as they seek to maximize savings while securely streamlining the invoicing process.

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Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Sourcing tasks include sending out requests for proposals (RFPs), evaluating supplier bids, selecting vendor partners, negotiating contracts , and then managing supplier relationships.

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Procurement Academy

MAY 11, 2022

London 4 th May 2022 – Supply chain and procurement professionals have a key role in progressing their organizations’ sustainability agendas. The report is authored in conjunction with Dr Omera Khan who is Executive Strategic Advisor to Skill Dynamics, and Professor of Supply Chain Management at Royal Holloway University of London.

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Procurement Academy

MAY 11, 2022

London 4 th May 2022 – Supply chain and procurement professionals have a key role in progressing their organizations’ sustainability agendas. The report is authored in conjunction with Dr Omera Khan who is Executive Strategic Advisor to Skill Dynamics, and Professor of Supply Chain Management at Royal Holloway University of London.

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Enterra Insights

MAY 27, 2021

Despite all our modern inventions, we haven’t been able to eliminate risk from our lives. That’s why business professionals pay close attention to risk management. ”[1] Even company executives who believed their firms had a robust risk management plan, found the pandemic uncovered areas of weakness.

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ivalua

SEPTEMBER 8, 2022

Originally published on Risk Management Monitor. A better way of looking at those relationships is as partnerships—albeit ones that require management and alignment of objectives first and foremost, but ultimately mutually beneficial relationships. Secure executive buy-in from procurement, supply chain and IT leadership.

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GlobalTranz

OCTOBER 6, 2021

Proper vetting of carriers helps ensure risk management, and creates a re liable network for future growth, scalability and flexibility. . With demand for drivers often exceeding availability, shippers find themselves forced to pay more to secure capacity and drivers across many industries.

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Synovos

FEBRUARY 21, 2023

The report, based on a global survey of indirect procurement professionals, reveals that 82% of respondents regard inflation as a major challenge over the next 12 months. Build Strong Relationships with Suppliers What tactics can indirect procurement professionals use to help them manage these various crises?

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Exiger Perspectives

MAY 28, 2024

Learn how 1Exiger, our first-of-its-kind, end-to-end supply chain platform, is empowering procurement, risk, compliance and supply chain professionals to harness advanced AI. This enables your organization to anticipate disruptions, assess risks, and seize opportunities within your supply chain. Access platform preview Seamless.

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ThroughPut

MAY 22, 2024

An Enterprise Resource Planning (ERP) system is a suite of integrated software applications that helps organizations manage and automate their core business processes. An effective ERP manages day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.

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Logistics Viewpoints

JULY 13, 2022

Well, there are a number of different types of supply chain fraud that impact global supply chains, from the procurement of materials to the end delivery of a product. One way to mitigate this risk is to examine the chain of command within an organization, ensuring that there is a system of checks and balances. Supplier legitimacy.

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Exiger Perspectives

APRIL 29, 2024

As Forbes has reported: Exiger Has Taken the Supply Chain Risk Market by Storm , and Fast Company called us a 2023 Brand That Matters. Learn how Proactive Intelligence can transform your supply chain risk management efforts. Request a demo Seamless. The post Save the Day appeared first on Exiger.

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Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. Risk Management.

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Exiger Perspectives

APRIL 26, 2024

Learn how 1Exiger, our first-of-its-kind, end-to-end supply chain platform, is empowering procurement, risk, compliance and supply chain professionals to harness advanced AI. This enables your organization to anticipate disruptions, assess risks, and seize opportunities within your supply chain. Access platform preview Seamless.

Gartner 52

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