Risk Management Archives - Smart Procurement

11 Procurement Trends For 2024 According to Experts

Leave a Comment / AI, e-Procurement, Leadership and People, Legal / Contract, Procurement Strategy, Recent, Risk Management, Sourcing Strategy, SRM Supplier Relationship Management, Strategic Sourcing, Supplier Management, Technology / By Bernie van Niekerk

In this 3-part series, Marijn Overvest, founder of Netherlands-based company, Procurement Tactics, believes that in 2024, procurement will elevate business. In this article and over the next two issues of SmartProcurement News, he will take us through predictions and advice collected from procurement experts globally, to help professionals in the industry navigate the immediate future. …

11 Procurement Trends For 2024 According to Experts Read More »

Anticipating and Preventing Supply Risks to Avoid Supply Chain Disasters

Leave a Comment / Contract Management, Don't miss, Legal / Contract, Risk Management, Supplier Management, Supply Chain Management SCM / By Bernie van Niekerk

Jan-Henner Theissen, founder and managing director of procurement advisory firm, targetP! in Berlin, writes here about Supply Chain Risk Management, specifically, anticipating and preventing risks in your supply chain and creating a competitive advantage for your company. Contract management has evolved substantially since vendor management first started and now it is a fully-working part …

Anticipating and Preventing Supply Risks to Avoid Supply Chain Disasters Read More »

Update On Panama Canal Drought – Increased Transportation & Cost Risk

Leave a Comment / Category Management, Don't miss, Legal / Contract, Logistics, Risk Management, Supplier Management, Supply Chain Management SCM / By Bernie van Niekerk

Jan-Henner Theissen, founder and managing director of procurement advisory firm, targetP! in Berlin, warns that the drought in the Panama Canal showed no signs of improvement at the time of publication at the end of August. Due to the drought, transit capacity has been adjusted which means further delays and costs should be expected. His …

Update On Panama Canal Drought – Increased Transportation & Cost Risk Read More »

SCM Managers warned of prolonged Panama drought

Leave a Comment / Category Management, Don't miss, Information technology, Legal / Contract, Risk Management, Supplier Management, Supply Chain Management SCM / By Bernie van Niekerk

Supply Chain risk management (SCRM) professionals are warned to expect prolonged negative consequences of the severe drought impacting the Panama Canal, including weight restrictions and higher rates being applied, with further increases in the cost of shipping cargo on the cards. Here Berlin-based Jan-Henner Theissen, founder and managing director of procurement advisory firm, targetP!, provides …

SCM Managers warned of prolonged Panama drought Read More »

Procurement Fraud Continues to Thrive

Leave a Comment / Compliance / Legal, Leadership and People, Legal / Contract, Procurement Leaders, Public Sector Procurement, Risk Management, Sourcing Strategy / By Bernie van Niekerk

Procurement fraud happens within the entire value chain of organisations, says Lebogang Letsoalo, director at Sincpoint Pty Ltd. The reason for so many procurement officials getting the chance to manipulate systems and accept bribes, is because decisions are made on every level. Letsoalo tells SmartProcurement that – from an economic perspective – we need to …

Procurement Fraud Continues to Thrive Read More »

20 Tips for getting compliant proposals from suppliers

Leave a Comment / Education, Leadership and People, Legal / Contract, Procurement Strategy, Procurement Training, Risk Management, Tender Management / By Bernie van Niekerk

Proposals can contain a lot of information and are the basis on which procurement decisions are made. Therefore, you must evaluate them carefully for compliance with your requirements. So what does a compliant proposal look like? The following checklist, from Next Level Purchasing, can simplify your proposal evaluations and ensure that a supplier is worthy …

20 Tips for getting compliant proposals from suppliers Read More »

Less Risks, More Opportunities with Sustainability

Leave a Comment / Education, Leadership and People, Legal / Contract, Risk Management, Sourcing Strategy, Sustainable Procurement / By Bernie van Niekerk

We live in an era of continuous and expanding growth: Producing, procuring, distributing, trading, consuming, and other economic activities improve people’s quality of life, upgrade communities, and allow nations to thrive. However, says Oumaima Ben Amor, Sustainability Consultant at Our Hiraya in Australia, we tend to forget that the economy and society are embedded into …

Less Risks, More Opportunities with Sustainability Read More »

Four questions CFOs should ask their supply chain leaders

Leave a Comment / Procurement Leaders, Procurement Strategy, Risk Management, Sourcing Strategy / By Liam

By Chris Gaffney, Mark Shaughnessy and Anshu Prasad CFOs must challenge supply chain and transportation leaders to help build more robust, more resilient transportation networks. Transportation seems to be the topic of conversation more often these days. It ranges from shortages on our grocery store shelves to the news of a large container ship stuck …

Four questions CFOs should ask their supply chain leaders Read More »

Silk vs. steel: rebuilding supply chains after COVID-19

Leave a Comment / Risk Management, Sourcing Strategy / By Liam

By Kelly Barner, Owner and Editor, Buyers Meeting Point Supply chain disruption was a popular topic long before the world was seized by the coronavirus pandemic. Geopolitical disturbances, natural disasters, labour strikes and changing regulations were already factors, and anyone that has been in supply chain during the last decade has seen all of these …

Silk vs. steel: rebuilding supply chains after COVID-19 Read More »

3 experts share how to strengthen supply chain defences

Leave a Comment / Change, Risk Management / By Liam

Three procurement experts share their strategies for mitigating supply chain risk after 2020. The Economist put it best in July 2020: “You may have lost interest in the pandemic. It has not lost interest in you. COVID-19 is here to stay. People will have to adapt. The world is not experiencing a second wave: it …

3 experts share how to strengthen supply chain defences Read More »

Cookie	Duration	Description
cookielawinfo-checkbox-advertisement	1 year	Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
CookieLawInfoConsent	1 year	Records the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie.
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Cookie	Duration	Description
_ga	2 years	The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_ga_ZNR8TQGJ5V	2 years	This cookie is installed by Google Analytics.
_gat_gtag_UA_3057904_1	1 minute	Set by Google to distinguish users.
_gat_UA-3057904-1	1 minute	A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.
_gid	1 day	Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.

Risk Management