Iteanz Technologies’ Post

🚀 Procurement's role in risk management is on the rise! The latest Economist Impact report, "Across the procurement-verse: Changing trends in the procurement function", sponsored by SAP, reveals a boost in confidence for procurement’s ability to meet risk-mitigation goals. Confidence in managing internal risks, particularly in stakeholder management and strategic alignment, has surged to 83%, up from 64% last year. This shift shows procurement is becoming more aligned with key stakeholders across organizations. Explore the full insights in this article by Gordon Donovan, Vice President of Research at SAP: https://lnkd.in/eHYcw88n 💬 What’s your opinion on procurement’s evolving role? Let us know in the comments! 👇 #procurement #riskmanagement #sustainability

2024 Updates: How SAP Ariba Supplier Risk drives efficiency with Risk-Aware Procurement This article explores the exciting enhancements in Ariba Supplier Risk for 2024 that can help procurement teams make informed decisions and increase efficiency. Discover: • Powerful features for streamlined compliance & improved suppliers risk management functionalities. • Enhanced user experience with User permissions for specific administrative activities Read the full article - https://lnkd.in/dUcuvwM7 #AribaSupplierRisk #ProcurementInnovation #SupplyChain2024 #ManagingSupplierRisks 

A recent Deloitte study highlights the impact of market unpredictability on profitability for 𝟖𝟗% of trading firms, emphasizing the benefits of unified oversight in trading contracts, risk, logistics, inventory, and financial performance.   Explore our latest blog to discover how commodity-driven firms can enhance profitability and mitigate risks to streamline operations and capitalize on market opportunities efficiently. 𝐑𝐞𝐚𝐝 𝐍𝐨𝐰: https://lnkd.in/gbbCFcRz #CommodityTrading #MarketVolatility #ImpactQA #ETRM #CTRM #RiskManagement #SAP

Unlocking SAP Solutions for Risk Management & Data Warehousing: We’re thrilled to share insights from our recent event with MDSap, where SAP’s innovative solutions took center stage. Highlights from the Event: 📈 Enhanced Risk Visibility: Discover and address risk factors with greater clarity. 🚀 Boosted Data Precision: Improve the accuracy and reliability of your data. 🔒 Advanced Risk Strategies: Implement more effective and streamlined risk management practices. Explore more at www.mdsaptech.com Tony Achkar Yves Khoneisser Karim Alayli Ugur Naciterhan #SAP #DataWarehousing #RiskManagement #MDSap #EventRecap

#Supplychain risks will always be there, the trick is to learn how to manage them. Integrate risk management, automation, and data-driven decision-making: https://lnkd.in/eYAHHSea via @sdcexec #Supplychain #ERP #CloudERP #Management #Software Acumatica D&A Business Management Solutions

SAP can integrate all aspects of your business. But it can be a great tool to deal with unexpected disruptions (& all other business risks) How? It's simpler than you think: - Giving you a complete picture of potential risks before they strike. - Identifying vulnerabilities in your supply chain, operations, finances. - Reducing errors, ensuring compliance, and freeing up your team to focus on real problems. With SAP,  you can mitigate the financial impact of risks before they escalate. *** Ready to safeguard your business’ future? Let's talk about how SAP can revamp your risk management strategy. . . . #RiskManagement #BusinessContinuity #SAP #AIS #Abhiyanta

I have just completed Essentials of SAP Governance, Risk, and Compliance (GRC) course on Alison!

🌟 Excited to share that I've successfully completed the SAP Global Risk Management Policy eLearning course! 🎓 Risk management is at the core of sound business strategy, and this training has equipped me with the tools to better identify, assess, and mitigate potential risks. I'm looking forward to applying this knowledge to help ensure robust, resilient practices in any organization I work with. A big thank you to SAP for this insightful program. Ready to take on new challenges with enhanced risk management expertise! 🚀 #RiskManagement #SAP #ProfessionalGrowth #BusinessStrategy #Compliance #RiskMitigation

Let's talk about risk management. Procurement teams face numerous risk factors, from geopolitical instability to natural disasters and market volatility. Navigating these uncertain times is no easy task; let's look at some of the ways procurement may look to minimise the risk in their supply chain: 1. Diversify Suppliers Pros: 🔹 This strategy reduces dependency on a single supplier 🔹 Mitigates risk of supply disruption 🔹 May increase competitive pricing 🔹 With the right software solution in place, teams can access tools enabling supplier evaluation, onboarding and performance tracking Cons: 🔹 Manually managing multiple suppliers can put pressure on a team 2. Insourcing Pros: 🔹 May allow for greater control over production processes 🔹 Potentially improve quality assurance 🔹 Reduce reliance on external suppliers Cons: 🔹 Can require significant investment in infrastructure 🔹 May reduce flexibility 3. Increase Stock Holding Pros: 🔹 Can act as a buffer against supply chain disruptions 🔹 May ensure continuous production 🔹 Can allow teams to meet demand spikes Cons: 🔹 Increased carrying costs 🔹 Potential for purchased stock to become obsolete if demand dips 🔹 Requires more storage space Managing these strategies effectively requires a procurement software partner that can provide the necessary insights and support. If you're ready to discuss a tailored platform that can help your team tackle the multitude of challenges faced in 2024 procurement management, get in touch today. #procurement #supplychainrisk #riskmanagement #supplierdiversity #Insourcing #inventorymanagement #procurementsoftware