Spend Matters

The annual #50VendorstoKnow, #50VendorstoWatch, #Future5 and #HallofFame lists by Spend Matters are revealed on October 8th - Sign up for this webinar to explore how newcomers to #ProcureTech are pushing the boundaries of innovation, market leading vendors are upping the ante and what the opportunities we see in the current #procurementtechnology environment. Stay informed with Spend Matters intelligence - Register now: #procurement #procurementleader #digitalprocurement

???Transforming Risk Ownership: The Evolving Role of Procurement??? In today’s interconnected business landscape, the old model of risk ownership—where specific risks are assigned to isolated departments—no longer suffices. A?shared risk ownership?approach fosters a sense of inclusion and belonging and allows for?cross-functional collaboration?and a comprehensive understanding of risk exposure. Procurement is at the forefront?of this transformation, taking on responsibilities that include managing supplier financial risks, ensuring compliance, and enhancing sustainability practices. As procurement evolves into a strategic leader in risk management, it empowers organizations to mitigate risks and capitalize on opportunities.? Are you curious about how this shift can benefit your organization? Click the link to read the full article on Spend Matters (free after registration) and discover more! #Risk #RiskManagement #Procurement #SupplyChain #Collaboration https://lnkd.in/dnejsTtm

??? Who Owns Supplier-Related Risks? ?? Risk management is a critical aspect of procurement, especially when navigating complex supply chains. But when it comes to ownership of risk, opinions often differ based on organization size, industry, and supply chain structure. ?? We want to know—who currently bears the most responsibility for managing procurement risks in your organization? Vote in the poll below and share your thoughts in the comments! Why is risk ownership structured this way in your company? And, how do you think it should change? Keep in mind, this is only open for the next 7 days, so weigh in! #Procurement #RiskManagement #SupplyChain #Risk #Leadership #BusinessStrategy

@SpendMatters released a new article! Who owns ‘Risk?’ – Procurement vs other functions Dive in here: https://ow.ly/mljN105M2qu

@SpendMatters released a new article! Zoom in on Financial Risk Dive in here: https://ow.ly/qI1M105M2qt

Who owns ‘Risk?’ – Procurement vs other functions: Continuing our third-party/#supplychainriskmanagement (TPRM/SCRM) series, today let’s address the question of ‘who owns risk?’ In the past, risk ownership has been addressed in a straightforward operational manner: IT owned cyber risk, finance guarded financial risk and so on. While this functional silo approach is simple, it is inadequate in today’s interconnected business […] The post Who owns ‘Risk?’ – Procurement vs other functions appeared first on Spend Matters.

Zoom in on Financial Risk: Financial risk relates to the possible financial problems faced by a buying organization’s suppliers, its suppliers’ suppliers (and so on) or other third parties. In an extreme case, the supplier or third party may go out of business, causing a short- or longer-term interruption to supply. But even if matters don’t go that far, what […] The post Zoom in on Financial Risk appeared first on Spend Matters.

We are thrilled to announce the release of our annual 50/50/5 report—a curated list highlighting the top 50 providers to know, 50 providers to watch, and 5 innovators shaping the future of procurement. This year, we’re introducing a new feature: the Hall of Fame, recognizing vendors who have consistently made the list for 10+ years. Congratulations to all the practitioners who made this year’s list—your hard work is truly commendable! If you’re a provider, practitioner, or involved in procurement, this list is an invaluable resource for you. Check it out here:

ICYMI: Spend Matters reveals the ‘50 Providers to Know,’ ‘50 Providers to Watch,’ ‘Future 5’ start-ups and ‘Hall of Fame’ lists for 2024: We are delighted to announce the 2024 Spend Matters 50 Providers to Know and 50 Providers to Watch lists that represent the best technology providers that serve procurement, finance and supply chain organizations. Here we outline our methodology behind the decision-making process. The post Spend Matters reveals the ‘50 Providers to Know,’ ‘50 Providers to Watch,’ ‘Future 5’ start-ups and ‘Hall of Fame’ lists for 2024 appeared first on Spend Matters.

ICYMI: Webinar — Unmasking the tricks behind the 50/50 lists: Join the Spend Matters Analyst Team on October 31 at 10:30 EST as they host “Unmasking Procurement Excellence: A look at the 2024 Spend Matters 50/50 Lists,” a webinar covering this year’s 50 to Watch, 50 to Know and Future 5 lists. Each year, the Spend Matters analysts spend months whittling down the hundreds of […] The post Webinar — Unmasking the tricks behind the 50/50 lists appeared first on Spend Matters.