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How to Manage Supplier Risk and Performance in an Uncertain Global Economy

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Originally published on Risk Management Monitor. Most companies recognize that good supplier relationships are more than simply arm’s length transactions between opposing parties. The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration.

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How Procurement Can Add Value To Supplier Master Data Management

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Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Master supplier data doesn’t just matter to Procurement. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line. Supplier data improvements can reduce these costs and minimize the opportunity for error. Operations.

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A Look at Direct v. Indirect Supplier Management in Three Industries

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The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Additionally, procurement technology can help organizations improve compliance with regulations and reduce risk.

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Ivalua Launches Enhanced Third-Party Risk Management Capabilities

ivalua

New Risk Center adds capabilities and integrations to extend existing leadership in enabling holistic management of supplier risk. The latest innovations extend the existing strength of Ivalua’s Supplier Management solution, which had already been recognized as a Leader by Forrester Research Inc.

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Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

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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. 78% engage suppliers more collaboratively than they did 3 years ago.

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Achieving Compliance with European Banking Authority (EBA) Guidelines on Outsourcing

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According to the EBA guidelines, outsourcing an activity shall never: Transfer bank’s senior management responsibility of running core management functions (e.g, risk strategy & oversight of business operations). Impair risk management obligations. Perform a supplier due diligence.