TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations.

Risk management 40

Risk management Risk Suppliers Strategy 40

Spend Matters

NOVEMBER 19, 2024

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways.

Risk 111

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 111

Spend Matters

DECEMBER 16, 2024

In part 3 we look at the tech that can support Procurement in tariff management. Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Design-for-Supply part 1, part 2, part 3 and part 4.

Agile and Lean Supply Chain 110

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 110

Spend Matters

NOVEMBER 7, 2024

What is Halo Ai HaloAi is a third-party risk management (TPRM) solution that aims to be a one-stop shop for third-party risk so that organizations do not need multiple point solutions. Halo Ai uses AI models to connect, correlate and contextualize real-time data points to bring customers the full risk story.

Risk management 111

Risk management Risk Suppliers Vendor management 111

Supply Chain Game Changer

SEPTEMBER 18, 2022

This is why crypto risk management is important to take your wealth off of exchanges and into your own hands. Risks of Crypto Exchanges. No matter which storage option you choose, it’s important to keep your private keys safe. No matter which storage option you choose, it’s important to keep your private keys safe.

Risk management 109

Risk management Risk Management supply chain software solutions 109

Procurement Templates

NOVEMBER 21, 2024

Stay Updated on Regulations: Regularly review trade agreements, import/export rules, and labor laws. Risk Management Actionable Steps: Identify Risks: Develop a checklist of potential procurement risks, such as supply chain disruptions or quality issues. Resources: Risk management certifications (e.g.,

Agile and Lean Supply Chain 130

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

Spend Matters

JANUARY 7, 2025

Maja Tepeh , Senior Brand Manager at supply chain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment. However, the cost avoidance from mitigating ESG-related supply chain risks, such as regulatory fines or disruptions, is equally important.

supply chain software solutions 114

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 114

Supply Chain Game Changer

NOVEMBER 2, 2022

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! In today’s world, supply chains are more important than ever. In fact, 89% of businesses encountered a supplier risk event in the last five years. But not all companies are prepared for this level of risk and complexity. Subscribe Here!

Risk management 96

Risk management supply chain software solutions Risk Management 96

Spend Matters

MARCH 18, 2024

This Spend Matters Vendor Analysis provides an overview of Halo Ai and its solution for third party risk management. Third-party risk management (TPRM) is often an afterthought for organizations or a measure only taken after a risk event occurs. This content is for members only.

Risk management 114

Risk management Risk Supply chain resilience Management 114

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. The post In the Middle East, the Need for Risk Management Guides the Transformation Journey to Procurement 4.0

Risk management 130

Risk management Risk Supply Chain Efficiency Management 130

Spend Matters

AUGUST 8, 2023

Everyone is well aware of the cause of this attention amplification: scarcely any business escaped the repercussions of pandemic, but as our research analyst Abigail Ommen puts it: “Prior to the Covid 19 pandemic, only a small subset of people was acutely aware of risk management.

Risk management 98

Risk management Risk Management supply chain budgeting 98

Procurement Insights

FEBRUARY 14, 2025

Supply chain risk management is proactive and data-driven. The Future: Procurement as a Living Network Liquid networks are pushing procurement towards real-time, AI-driven, and automated ecosystems where: Supplier discovery is instant and dynamic. Procurement workflows are automated using AI & smart contracts.

Networking 59

Networking Import Procurement Buyers 59

Spend Matters

FEBRUARY 13, 2023

Therefore, creating a digital twin of a supply chain to identify, mitigate and monitor risks at all times is of ever-increasing importance for organizations that want to risk-adjust their supply chain. Also, the performance of the fulfillment process is a critical input to the continuous optimization of the supply/supplier base.

Risk management 98

Risk management Supply Chain Optimization Risk Supply chain 98

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Learn More About Evolution Of Supply Chain Management And Logistics 6.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Procurement Leaders

JANUARY 16, 2023

So, how we manage risk is what keeps me up at night… We try to be robust as a procurement organisation because, as a commodities company, risk is a part of our everyday life: we can have a crop failure, we can have a delivery failure, we can have a quality failure, so how do we handle that?”

Risk 246

Risk Management Risk management Strategic planning 246

IBM Supply Chain Blog

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk management 76

Risk management Risk Real-time Visibility Management 76

SCMDOJO

JANUARY 9, 2025

Risk Mitigation and Resilience Building Strategic sourcing identifies potential risks in the supply chainwhether from geopolitical issues, natural disasters, or supplier insolvencyand proactively mitigates them. The recent semiconductor shortage highlighted the importance of sourcing diversification.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Spend Matters

OCTOBER 30, 2024

Man-made risk categories can overlap with other risk categories (for example, cyber and reputational) because man-made focuses more on the cause than the consequences. Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes man-made risk?

Risk 109

Risk Buyers Suppliers Supply chain 109

Supply Chain Game Changer

SEPTEMBER 30, 2022

This will also go a long way in improving information transparency – favoring regulatory compliance, collaboration among all parties in the supply chain management department, and risk management in B2B procurement management. Cloud-Based vs. Localized Supply Chain Management Solutions.

Supply Chain Efficiency 112

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 112

ivalua

JANUARY 29, 2021

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. The feedback from the survey was that process adaption and change management are the most important factors.

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Why is visibility so important? Be proactive to mitigate supply chain risk by understanding your suppliers.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Art of Procurement

FEBRUARY 14, 2023

The post Revisiting the Importance of Supplier Watchlists appeared first on Art of Procurement. When the Chinese surveillance balloon was finally ‘removed’ from the sky over the Atlantic Ocean on February 4th, we all.

Import 96

Import Suppliers Procurement Risk management 96

ivalua

APRIL 23, 2020

The overall theme is the “Journey to Procurement Excellence”, focusing on how Procurement can deliver value through supplier collaboration, supplier risk management and more advanced strategies and capabilities to deal with Procurement and supply chain management risks and challenges – while not forgetting cost and operational perspectives.

supply chain software solutions 46

supply chain software solutions Supply chain Procurement Supply 46

Spend Matters

DECEMBER 11, 2024

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

Spend Matters

MARCH 25, 2025

One of the most effective ways to achieve this is by using data-driven storytelling to showcase procurements role in cost savings, efficiency gains and risk management. When procurement functions implement technologies without meaningful engagement, their initiative risks failing to gain traction or delivering tangible value.

Stakeholder engagement 94

Stakeholder engagement Management Procurement Influencing 94

Supply Chain Game Changer

FEBRUARY 25, 2022

The post 9 Important Elements of Business Planning! Elements of business planning article and permission to publish here provided by Marlene Coleman. Originally written for Supply Chain Game Changer and published on February 25, 2022. appeared first on Supply Chain Game Changer™.

Import 107

Import supply chain budgeting Budget Supply chain 107

ProcurePort

JANUARY 5, 2022

Procurement plays an important function when organizations are trying to buy goods and services in the most efficient manner. Procurement risk management is the mitigation of any foreseen or unforeseen problems in the acquisition of goods and services for the organization.

Risk 130

Risk Procurement Risk management Import 130

Procurement Templates

DECEMBER 11, 2024

Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies. Your team may be the most important asset for your own personal development.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Tactics

APRIL 5, 2023

Additionally, we will tell you the growing importance of sustainability and the drivers behind why many businesses embrace it. Additionally, you will be able to know how important it is to integrate sustainability into your procurement processes. Sustainability is also an important factor in corporate social responsibility.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Procurement Leaders

MARCH 10, 2025

As Ive said previously, keeping calm is an important mindset to maintain through times like these, but its equally important to build adaptive, agile and even predictive capabilities to help navigate the coming years.

Chief Procurement Officer 130

Chief Procurement Officer Management Supply market Procurement 130

Procurement Leaders

DECEMBER 9, 2022

Our challenges are linked to digitalisation, risk management and inflation. With risk management, we are revising our buying policies and introducing a digital risk management suite that covers all our risk dimensions – supply, financial, quality, ethical, and so on. Why are they so important?

Risk 130

Risk Suppliers Risk management Buyers 130

ivalua

MARCH 16, 2022

Not surprisingly, risk management and cost reduction are considered the most important priorities for Procurement professionals (see image 1). . Risk Management is Top of Mind. On the increased importance of managing risk. CEO Risk Management Priorities. Main Corporate Risks.

Procurement 130

Procurement Risk management Procurement team Risk 130

Procurement Tactics

JUNE 6, 2023

However, how important is it in the supply chain? We will tell you its importance in the supply chain and how the blockage severely impacts the supply chain. Once you are done reading this article, you will know how important the Suez Canal is in international trade. In this article, we will discuss what the Suez Canal is.

Supply chain 204

Supply chain Supply Negotiation Import 204

Procurement Tactics

JUNE 5, 2023

We will discuss why it is important and the benefits you can gain from the global supply chain. The use of advanced technologies and logistics strategies is often necessary to manage the complexity and risks associated with a global supply chain. Why is it Important? However, What is it?

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Procurement Leaders

MARCH 10, 2023

Risk has become an increasingly important focus for Stockholm-headquartered consumer goods giant Electrolux, which has thousands of Tier-1 suppliers. For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function.

Collaboration 147

Collaboration Supply chain Management Risk management 147

Spend Matters

OCTOBER 3, 2024

The appetite for third-party risk management (TPRM) within procurement and the supply chain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. Read our analysis: Risk is complex — The different types and sources of risk.)

Risk 111

Risk Risk management Supply Chain Efficiency supply chain software solutions 111