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4 smart technologies modernizing sourcing strategy

IBM Services

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

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Clashing Priorities: Vendor Diversification vs Efficiency and Vendor Risk Management

Sourcing Advisors Group

The growing approved supplier base and decreasing supplier visibility will further deteriorate what is already a bleak performance of most Strategic Sourcing teams. In fact, most firms generate no Strategic Sourcing bottom-line results, as Vendor Spending is increasing as fast, or faster, than Revenue growth. Shortcuts Do Not Work.

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What is Third Park Risk Management? Definition

Obobo

What is Third Park Risk Management? First, let’s start with understanding what risk management is. Risk management is the process of identifying, assessing, and controlling risks. By identifying risks early on, you can take steps to avoid them or mitigate their impact. Definition.

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Contracts Hold the Key to Proactive Risk Management

SirionLabs

But are organizations truly well positioned to preempt and mitigate potential contracts risks before they negatively impact the bottom line? The Disconnect Between Contracting and Risk Management Surprisingly, knowledge of contract risk is limited among enterprises. We’d love to hear from you!

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Contracts Hold the Key to Proactive Risk Management

SirionLabs

But are organizations truly well positioned to preempt and mitigate potential contracts risks before they negatively impact the bottom line? The Disconnect Between Contracting and Risk Management. Surprisingly, knowledge of contract risk is limited among enterprises. Rooting Risk Management in Smarter Contract Management.

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Implementing Procurement's Role in Third-Party Risk Management

SIG Speaks

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Anna Sgro shares how adding procurement roles into third-party risk management systems can be a very effective contribution to your team.

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What is Third Party Risk Management? Definition

Obobo

What is Third Party Risk Management? First, let’s start with understanding what risk management is. Risk management is the process of identifying, assessing, and controlling risks. Now that we have a general understanding of risk management, let’s talk about third party risk management (TPRM).