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How the importance of risk management has changed for procurement – and what to do about it

Spend Matters

A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. Today, just the combination of the words risk, environment and supply chain make the practitioner sit up and think differently. And Stephen is not alone.

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Types of Supply Chain Reports: Definition and Benefits

SCMDOJO

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs.

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Overcoming Visibility Challenges to Kick-Start Sustainability Initiatives 

ivalua

Yet it’s important that in the coming months and years, businesses return their focus to improving sustainability and contributing to global efforts to reduce our impact on the environment. . Lack of visibility hindering sustainability progress. This is understandable, with many focusing on keeping the lights on. View infographic.

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Achieving Supply Chain Resilience: Strengthen and Adapt Your Operations

Skill Dynamics

Global markets are facing significant uncertainty and negativity, with instability and continued risk expected to impact businesses for the next decade, according to the World Economic Forum. Companies often struggle to plan for such challenges, which is why developing a strong and resilient supply chain team is so important.

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Is Your Supply Chain Recession Proof? A Guide for Building a Resilient Supply Chain

SCMDOJO

In this blog post, well explore the importance of robust supply chains, the key risks they face during economic downturns, and practical strategies. Recession-proofing a supply chain doesn’t mean eliminating all risks. In an environment of economic uncertainty, the importance of a robust supply chain cannot be overstated.

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Supply Chain Visibility – An Overcomplicated Challenge!

Supply Chain Game Changer

Supply Chain Visibility Has Never Been More Important! Supply Chain visibility article and permission to publish here provided by Adam Miglio. Even the most robust ERP systems seem to lack the visibility that organizations are desperate to acquire, and in real-time. Shipment to customer. “C”

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The Power Of “What If” or “Mock” RFPs

Procurement Insights

There should be internal guidelines in place outlining when to RFP vs not (based on spend, criticality, risk, outcomes expected, etc).” Enhanced Visibility into Procurement Data Challenge: Lack of a unified view across departments (purchasing, logistics, quality control). Here’s how: 1.