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Your procurement compliance and risk management checklist

Bonfire

We recently chatted with seasoned procurement pros at our OntarioTalk event, and they had some great compliance advice that applies to all jurisdictions. Lawrence College Luca Del Grosso , Manager of Procurement at Technical Standards and Safety Authority They all shared their experiences and what worked well in their agencies.

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The Key Pillars of Third-Party Risk Management

ivalua

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

When it comes to procurement, having a clear, strategic approach is key to delivering value to your organization. Whether you’re in education, government, nonprofit or the private sector, procurement can be a powerful tool for maximizing savings, streamlining operations, and ensuring compliance.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and risk management.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

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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.

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AI effort to improve contractor performance ratings stalls

Federal News Network

These are some of the story lines in this latest edition of As the Procurement World Turns. Bloomberg Government estimated that 40% to 60% of all federal procurement spending happens in the federal fourth quarter. And it’s the federal fourth quarter buying season.