ivalua

MAY 7, 2020

We had a good understanding of risk and how to mitigate it , whether it be political, financial, environmental, strategic, operational, etc. We also had access to mature technologies to manage the risk and apply the scientific methods. . 84% of “Beginner” procurement organizations did not proactively monitor for risk.

Supply Chain Optimization 130

Supply Chain Optimization Supplier relationship management Supply chain Risk 130

ivalua

JANUARY 31, 2022

in October 2021*, the highest in more than three decades, as measured by the Consumer Price Index (CPI). Disruptions in global supply chains, labor market shortages, strong consumer demand. Teams also need to to mitigate supply chain risk by prioritizing digital transformation and adopting procurement technology. #4.

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

Procurement Templates

AUGUST 28, 2024

Similarly, the EU’s push for greater economic independence from China has led to supply chain disruptions in industries ranging from automotive to consumer electronics. These geopolitical maneuvers have forced companies to diversify their supplier bases, often at a higher cost and with increased risk of supply chain fragmentation.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130

Procurement Leaders

DECEMBER 22, 2024

CPOs relying on centralised, ivory-tower approaches will face significant headwinds as local nuances in terms of approach and consumer demand gain traction. Growing protectionism, tariffs and national hostilities all play into this narrative but, at a micro level, the trend toward more local outcomes is also top of mind.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Chief Procurement Officer Consumer demands Procurement strategies 130

Supply Chain Game Changer

AUGUST 12, 2021

On the other hand, consumers’ demand for goods and services in the market declined, leading to the downfall of economic activity. At the same time, consumers demanded many products that have fallen sharply. As a result, fragile systems were affected by huge fluctuations in demand.

Innovation 98

Innovation supply chain software solutions Supply chain Raw materials 98

Procurement Tactics

MAY 8, 2023

Improved customer service Improved forecasting accuracy provides a better way to predict consumer demand along the supply chain, enabling businesses to plan production capacity more efficiently.

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

Skill Dynamics

FEBRUARY 13, 2025

Increased globalization, constant digital transformation, and ever-evolving consumer demands have led to a situation where traditional supply chain skills are simply no longer enough for success. Without investing in continuous professional development, youre risking your competitors passing you out.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 52

ivalua

DECEMBER 14, 2020

In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

SCMDOJO

MAY 2, 2024

Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumer demand, disruptions in the supply chain, and volatile global trade relationships. Managing Operational Risk: Supply chain disruptions pose significant operational risks to businesses.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

MAY 2, 2024

Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumer demand, disruptions in the supply chain, and volatile global trade relationships. Managing Operational Risk: Supply chain disruptions pose significant operational risks to businesses.

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 93

Una

FEBRUARY 13, 2023

Activate your supply chain backup plan First, risk management 101 in procurement involves having a network of backup suppliers for when disruption occurs. You’ll then be able to work with them to mitigate those risks or identify alternate suppliers. You can be sure the supplier will be checking the contract at their end, as well.

Supply chain 98

Supply chain Supply Contract Suppliers 98

Let's Talk Supply Chain

SEPTEMBER 15, 2022

Exporters now find themselves in a difficult position where they must balance gambling on increased credit risk from buyers, navigating slower logistics and remaining one step ahead of their competition by offering favorable payment terms. This drastically reduces the risk of fraud in thde transaction because MODIFI owns the invoice.

Export 89

Export Buyers Management supply chain software solutions 89

Planergy

MARCH 12, 2025

Not only did they create 80 to 100 new jobs in the area, but they also met consumer demand for Made in America products. Simpler Logistics and Supply Chain Management With operations overseas, you run the risk of becoming too reliant on global supply chains. What makes sense for one company may not make sense for another.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

Strategic Sourceror

FEBRUARY 10, 2023

From drive shafts and semiconductors to a number of other essential parts, the component crunch that's played out over the past several years has exacerbated motor carriers' inability to keep up with the pace of consumer demand. Jerry Revich, head of U.S.

Supply Chain Efficiency 90

Supply Chain Efficiency Consumer demands Strategic sourcing Strategic sourcing 90

Supply Chain Brain

FEBRUARY 4, 2024

An understanding of ESG risk will become essential in light of investor and consumer demands, the financial impact of regulatory penalties, and carbon taxes

Supply Chain Visibility 45

Supply Chain Visibility Consumer demands Supply chain Demand 45

SCMDOJO

JANUARY 19, 2025

“They allow us to meet increasing consumer demand without sacrificing a lot of high quality or speed. “It can increase revenues, but it also builds more complexity and risk. ” Risks of Trusting the Loans Too Much While loans cause growth, relying too heavily on borrowed capital is an inherent risk.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 52

Supply Chain Collaborator

JANUARY 23, 2019

Today’s global economy and the complex supply chains supporting healthy commerce are always at risk of disruption. The current partial US Government shutdown demonstrates the risk of unexpected events roiling supply chains beyond the more commonly experienced disruptors such as weather, war, labor issues, trade disputes, etc.

supply chain software solutions 78

supply chain software solutions Management Supply Chain Optimization Export 78

The Network Effect

JANUARY 12, 2015

This seems obvious if you’re a retailer, but even manufacturers and logistics providers are realizing that to succeed in the coming years they’ll need to be able to see and respond more quickly to actual end-consumer demand. 3 Measure and mitigate risk outside of the enterprise. Conclusion.

Supply chain 57

Supply chain Supply Consumer demands Real-time Visibility 57

SCMDOJO

AUGUST 4, 2023

From improving cash flow and reducing carrying costs to increasing product turnover and minimizing the risk of obsolescence, there are plenty of advantages to be gained. Furthermore, reducing inventory can help mitigate the risk of stockouts. They were also considered to provide a buffer against quality issues.

Inventory 98

Inventory Supply Chain Efficiency Supply Chain Optimization Raw materials 98

IBM Supply Chain Blog

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. In fact, in a 2022 survey , 73% of consumers said that traceability is important to them. Strategic sourcing can help mitigate some of that stress by reducing potential risks associated with supplier relationships.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

SCMDOJO

NOVEMBER 9, 2023

By employing the right Inventory Control Techniques, you can ensure that your business maintains a sufficient stock level to meet consumer demand. For items beset by diminishing consumer demand, a convincing response is to mark them for closer inspection within the system.

Inventory control 105

Inventory control Inventory supply chain budgeting Supply Chain Optimization 105

Strategic Sourceror

JANUARY 20, 2023

Department of Labor, the Consumer Price Index in November 2022 had increased 7.1% Resurgent consumer demand, business closures, transportation disruptions and port congestion have all conspired to put pressure on suppliers and raise the cost of doing business. According to the U.S. over the previous 12 months. These include: 1.

supply chain budgeting 62

supply chain budgeting Raw materials Supply chain Supply 62

IBM Supply Chain Blog

FEBRUARY 7, 2024

Sustainable supply chains : Driven by increasing consumer demand for sustainable products and heightened awareness of the environmental impact of producing and shipping goods, more businesses are looking to make their supply chain operations more sustainable. Join the IBM Sustainability Community 1 Green transition creates $10.3T

Sustainability 88

Sustainability supply chain software solutions Supply Chain Efficiency Supply Chain Optimization 88

Una

NOVEMBER 14, 2022

Now, CPOs and their procurement teams look to invest in more secure supply chains, addressing increased volatility in consumer demand and responding to the changing ways people work (i.e., Soon, the public will demand to know (and reward) companies that “walk the talk” of sustainable practices. What’s changed? Is that all?

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

SCMDOJO

APRIL 24, 2024

Ignoring industry trends poses the risk of being left behind by more agile competitors. The amplified visibility lets companies verify the authenticity and provenance of products, reduces the risk of counterfeiting, and helps ensure regulatory compliance. billion by 2026.

Supply Chain Efficiency 90

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 90

SCMDOJO

AUGUST 15, 2024

This attention to compliance not only mitigates legal risks but also helps build trust with customers and partners. This not only increases productivity but also mitigates the risk of technical issues disrupting business operations. These features are vital for maintaining the integrity of information shared across the supply chain.

Retail Supply Chain 98

Retail Supply Chain Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 98

Spend Matters

OCTOBER 12, 2023

It’s no longer just procurement that touches the supplier or supply chain, and the challenges of ESG, risk, quality and all the other areas that procurement is now taking on do not sit in procurement’s wheelhouse alone. With ESG now a top priority, whether brought about by regulation or consumer demand, c suites need supplier data more.

Procurement 114

Procurement Suppliers Supply chain Consumer demands 114

Una

FEBRUARY 10, 2025

Often, the problem lies with an inability to adapt or a failure to recognize risk. Profit Protection Strategies Lets dive into some key strategies that can help safeguard your profits, including business insurance, risk management, compliance, employee retention, staying agile in the market, and explore ways your GPO can help.

Agile and Lean Supply Chain 45

Agile and Lean Supply Chain Supply Chain Efficiency Strategy Supply chain 45

TYA Suite

DECEMBER 16, 2022

In this term, it can be explained that if unexpectedly demand increases, then the manufacturer may not be able to fulfill that properly due to limited inventory. Therefore, it will damage the reputation of that organization as it will be unable to meet consumer demand spikes. It is also known as safety stock.

Inventory 64

Inventory Import Management Inventory planning 64

Supply Chain Game Changer

NOVEMBER 26, 2018

Consumer demands and expectations are rising, and up to 25 percent of consumers are willing to pay extra for same-day delivery. These include the following: Who assumes the burden of risk for merchandise that has not been paid for? What happens if consumers wish to return merchandise purchased from drivers?

Logistics 88

Logistics Supply chain Consumer demands Purchasing 88

SCMDOJO

FEBRUARY 13, 2023

A strong procurement department not only secures the best deals but also cultivates lasting relationships with suppliers, maintains open communication about changes in material needs, and plans for seasonal demands. Risk mitigation: The department works to identify and mitigate risks to ensure success.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

The Network Effect

JULY 17, 2015

We go to great lengths in protecting our relationships with both our customers and suppliers in order to be sure we can satisfy the actual demand at the right time in the right location. But what are the hidden costs of providing these higher levels of customer service? This is where MDM comes in.

Data 54

Data Management Networking Consumer demands 54

SCMDOJO

APRIL 11, 2025

These disruptions can occur due to decreased consumer demand, supplier instability, or logistical challenges. An adaptable supply chain can quickly adjust to changes in demand, supply, or other external conditions. Recession-proofing a supply chain doesn’t mean eliminating all risks.

52

52

Finale Inventory

JULY 24, 2024

This can happen due to various reasons such as shifts in consumer demand, inaccurate demand forecasting, or overstocking. Potential obsolescence: If not managed effectively, excess inventory risks becoming obsolete due to changes in trends, technological advancements, or expiry dates.

Inventory 52

Inventory Quantity Real-time Visibility Demand 52

Let's Talk Supply Chain

FEBRUARY 18, 2025

one key advantage of 3D printing in supply chain operations is the ability to create on-demand, customized parts and products, reducing lead times and inventory costs. Data-Driven Forecasts: Utilizing advanced analytics and real-time data to enhance forecast accuracy and optimize supply chain operations.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 52

Strategic Sourceror

JULY 24, 2022

In addition, the shortages experienced within the supply chain in the last two years are likely to be dealt with in the near future, albeit that consumer demand for certain goods and services has also slowed, the news source said.

Supply chain resilience 57

Supply chain resilience Supply chain Supply Consumer demands 57