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Kodiak Community

Supplier Relationship Management is the heart of Sustainable Procurement

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Sustainable Procurement is only as impactful as the adoption level that exists in a buying organization and its supplier network

SRM provides a framework where initial buy-in and understanding for consistent compliance, governance, and mutual improvement of buyer-supplier collaborations breeds better opportunities for savings & revenue growth during the course of the collaboration. SRM programs that work well aren’t perceived by suppliers as reactionary governance or necessary-evils, but opportunities for creating shared stakeholder value.

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Finding your Procurement team’s North Star Metric

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Kodiak Community

5 ways Supplier Ratings can help Procurement to Buy Smarter!

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Your life as a procurement, sourcing, or supply chain practitioner is complex. Navigating a global supply chain is complex. Managing supplier relationships and performance is complex. Building deeper supply chain visibility and transparency is complex. Unfortunately, these areas of your work aren’t getting any easier, they’re only becoming more complex. Supplier Ratings offer simplicity.

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Procurement and Sustainability: your company’s Yin and Yang

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Procurement and Sustainability are your business’ Yin and Yang.The question is; are you harnessing the natural power they create together?

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The Secret Recipe for smooth Supplier Management

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Kodiak Rating team shares our secret recipe for smooth supplier management including strategy, process & solutions. Bon Appétit!

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Supplier Diversity: one small step for Procurement, one giant leap for the world.

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Procurement needs to be the champion of change if the adoption of supplier diversity will ever surpass the status quo. If you are committed to diversity, you can make a difference.

Supplier diversity is not just a business decision, it’s a human decision.

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7 common Signs of excellent Procurement Teams

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Procurement is a function that has long been at cross-roads; dare to transform within people, process & technology, or keep doing what has always worked just fine.

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Best-of-Breed isn’t the end of End-to-End in Procurement Technology

By Kodiak Rating on

February 17, 2021

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Kodiak Community

Procurement’s Most Valuable Players

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January 11, 2021

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Look to your left, and now your right, and maybe even in the mirror. You can likely spot the MVPs in your procurement organization.

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A New Age of Negotiation: What’s in it for We?

By Kodiak Rating on

November 26, 2020

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It’s a natural emotion to desire a favorable outcome within negotiations. But, there are two sides to every negotiation table. This means that your feeling of ‘winning’ a negotiation shouldn’t come at the expense of another’s ‘loss’.

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Procurement: Drowning in Data, starved for Intelligence.

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November 2, 2020

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Global Trade has grown to a value of 25.3 Trillion USD, reported in 2018 (wto.org 2019). At the same time, the global availability of information & data has grown at 4x the speed of global trade (hbr.org 2019).

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Kodiak Community

ProcureTech: The Fast-Growing Software Category no one is talking about.

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August 19, 2020

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The ProcureTech domain offers various solutions for purchasing automation, maintenance of supplier data, risk management, supply chain visibility, spend analysis, supply management, and many other benefits, which have become increasingly important in today’s business landscape, and could subsequently support an expansion of the market during the coming years.

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Kodiak Community

Do you know your best Supplier?

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Who is your best supplier? If you don’t know, chances are you need a new framework for supplier performance evaluation.

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COVID19: Is This the Death of Global Supply Chains?

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Will COVID19 create a Death of Global Supply Chains and a rebirth of Local Supply Chains? Or, have we just begun ‘Going Global’?

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Kodiak Community

What if your Supplier had a Yelp Review?

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What if supplier evaluations were as simple as looking up a restaurant on Yelp? This is why we rate!

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Procurement Teams want Pretty Simple Solutions.

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Procurement practitioners are challenging ProcureTech vendors to solve complex problems with easy-to-use, easy-on-the-eye, solutions.

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An open letter to the Coronavirus

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All that media coverage you’ve been so proud of… That’s the exact same coverage that’s going to be your downfall. The team at Kodiak Rating – alongside partners like Meltwater/Fairhair.ai – are committed to ensuring a future filled with identifying & managing supply chain risks, before they become an issue.

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How to Buy a ProcureTech solution, and actually use it!

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February 14, 2020

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As digitalization continues in various business disciplines, organizations are on a conveyer belt of change, alongside a smorgasbord of new technology & solutions to try and digest.

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The Hitchhiker’s Guide to Digital Procurement

By Kodiak Rating on

December 4, 2019

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To help those survivalists out there who might feel a bit lost at the moment, Kodiak Rating has prepared a list of a few things you can’t leave the house without, or without knowing, before braving the journey into the galaxy of digital transformation.

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AI + Data = Supply Chain Risk Management

By Kodiak Rating on

November 13, 2019

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Procurement teams are combating complexity in multiple dimensions, one of which is a digital complexity; figuring out how in the world they’re going to leverage data, digital platforms, and emerging technologies to become more intelligent – more data-driven – in their strategies and operations.

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9 Big Takeaways from one Digital Procurement Event.

By Kodiak Rating on

October 18, 2019

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About a month’s time has passed since Kodiak Rating had the opportunity to attend DPW 2019 as one of the 20 digital procurement growth ventures selected to participate in the RiSE program. These are our 9 Big Takeaways!

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Procurement is suffering from Paralysis by Analysis.

By Kodiak Rating on

September 26, 2019

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Digitalization in procurement has taken a lot longer than in other industries. But, why? What is it about procurement organizations that makes them so reluctant to change? Sometimes, waiting for the perfect solution, or the next best thing can leave you lightyears behind…

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Kodiak Community

Suppliers are friends, not food!

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Whoever said that business needs to be a carnivorous affair? We don’t need to be chewing up our suppliers and spitting them out like fishbones!

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How to Build a Digital Procurement Ecosystem in 8 minutes.

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Instigating the mapping/implementation of a digital procurement ecosystem requires a definition of the elements in the process you’d like to digitalize.

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Responsible Sourcing: How to make Sustainability happen, for real.

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Responsible Sourcing is a business-critical activity, in which participating actors are equally accountable for the ethical, social, environmental and financial impact during the trading of goods or services. This means your entire value chain needs to be committed to the cause.

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Turning your Procurement Team’s Flywheel.

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The flywheel then serves as a model to be mirrored in the everyday operations of an organization or team. With persistence and will, continuing to push forward a flywheel, that works, ultimately results in catapulting an organization or function towards greatness, and an utterly unstoppable forward momentum.

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Procurement Terminology is a Mess

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Not everyone in the organization always knows what we’re talking about because sometimes we don’t even know what we’re about. So, this is a wake-up call to those of us who have been floating around on clouds of jargon.

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