Supply Chain Game Changer
JANUARY 30, 2020
Around a decade ago, the main risks were component shortages, supplier failures and commodity price volatility, though by 2017, these had evolved into three distinct groups including: IT security incidents Supplier facility destruction due to natural disaster Geopolitical concerns such as war and terrorism. Case Building for Risk Management.
Value Match
JUNE 13, 2022
Agriculture ministers from the G7 have criticised the decision stating “If everyone starts to impose export restrictions or to close markets, that would worsen the crisis” More countries are banning exports of essential ingredients and supply chain risk management and food safety is a critical and growing concern in today’s environment.
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Procurement Insights
DECEMBER 6, 2024
This acquisition combined the expertise of both companies to offer customers an extensive portfolio of AgTech software, risk management resources, services, and market intelligence offerings. Prior to founding Zip, Zaparde co-founded **FlightCar**, a car-sharing company that was later acquired by Mercedes-Benz in 2016.
ivalua
JUNE 2, 2016
CPO’s are now being asked to manage not only the transactional piece of the supply chain, but to also create partnerships with suppliers who are beginning to become more deeply vested in the entire product lifecycle. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Are You Ready?
Jaggaer
MARCH 2, 2020
Organizations, it seems, are getting better at managing their immediate (tier 1) suppliers. Incidents involving tier 1 suppliers fell below 50% for the first time since 2016 (48.9%). Those that did suffer disruptions tended to suffer fewer overall. Unplanned IT or telecommunications outage (44.1%). Adverse weather (35.1%).
Procurement Insights
JUNE 8, 2024
10 During times of volatility, it is helpful to have a strong business plan in place, with attention to capacity and reserves, and develop a comprehensive risk management program and a current business continuity plan. These strategies can help to secure operations amid business changes and help companies adjust to a cyclical market.
Procurement Leaders
JUNE 9, 2022
In 2016, Philip Morris International (PMI) first announced its commitment to a ‘smoke-free future’. Technology: Further integration of contract lifecycle management with PMI’s sourcing management application, implementing a risk management solution and addressing cost modelling with a modern digital solution.
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