article thumbnail

See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. The powerful concept of Supply Chain Visibility lies at the core of resilience.

article thumbnail

Everstream Analytics: Vendor Analysis — Supply chain risk management solution overview, competitors, tech selection tips, analyst summary

Spend Matters

The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supplier Relationship Management Software — Everything You Should Know

Procurement Tactics

Additionally, it helps companies to streamline supplier selection, supplier onboarding, supplier performance assessment, supplier document management, and other important supplier-related processes. ProcureWare is an e-procurement system that offers sourcing, contract management, and supplier management functionalities.

article thumbnail

371: Going Beyond Visibility – From Risk to Resilience: How Technology Is Transforming Global Supply chains

Let's Talk Supply Chain

04.04] How the pandemic exposed vulnerabilities in supply chains worldwide, bringing the topic of risk to the fore; and the most significant lessons we learned. “No-one You’ve got to have a risk management plan, but if you don’t test it, how do you know it works?” No-one was prepared!

e2e 52
article thumbnail

The future of AI-enhanced third-party management

Spend Matters

Compliance and risk management is a growing and interesting use case of GenAI for procurement, finance and, of course, legal operations. Its uptake is only going to grow as organizations begin to rely on its power to tackle big business issues, such as third-party risk management (TPRM).

article thumbnail

4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. In addition to enhanced decision-making, flexibility and visibility, analytics engines paired with AI can help manage supplier risk.

article thumbnail

CPO Crunch: The 1% Club

Procurement Leaders

Just 1% of respondents to a poll Procurement Leaders conducted at the World Procurement Congress said they have “excellent” multi-tier visibility of the supply base. Which leaves 28% of those who responded admitting that the visibility they have is “not great” and, at best, goes as far as Tier-1. This is surprising.

e2e 100