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Re-establishing the Enterprise’s Risk Appetite

All Things Supply Chain

Since risk is a reality in business, and ‘certainty’ is an extremely expensive proposition, an enterprise’s appetite for risk has always been measured on a sliding scale. Companies with a…

Risk 362
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Risk Management in the Procurement of Innovation

ProcurePort

This is the origin of risk in any procurement process. The challenge for managers is to identify the risk for all parties involved and quantify it. The post Risk Management in the Procurement of Innovation appeared first on ProcurePort Blog. They must then move on and assess the necessary mitigating actions to be […].

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Managing risks, priorities and talent: Nestlé’s approach to the polycrisis

Procurement Leaders

But they all come, to me, under the category of risk. “The last couple of years have really shown businesses the value of procurement – and not just as a purchasing function/PO function, but the strategy of procurement and the value we bring in managing risk,” she says. “Risk is part of our DNA,” she says.

Risk 246
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Autonomous vehicles in logistics part 1: Opportunities and risks

All Things Supply Chain

Higher reliability, improved performance, and reduced costs: the expected benefits of automation have made it one of the most important industrial trends. Automation in production is so widespread now that…

Logistics 291
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From Concepts to Actionable Insights: Powering Digital Transformation Success

Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management

How to reduce digital transformation execution risks? During this webinar, you will learn the following: What is digitization, digitalization, and digital transformation? What are the digital transformation challenges?

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Risk is complex — The different types and sources of risk

Spend Matters

Continuing our series on third-party/supply chain risk management (TPRM/SCRM), here we illustrate the breadth and complexity of risk that organizations today must navigate and manage. The post Risk is complex — The different types and sources of risk appeared first on Spend Matters. This content is for members only.

Risk 103
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Introducing the Craft Supplier Risk Management Platform

Supply Chain Brain

Craft is launching a user-friendly, configurable supplier risk management (SRM) platform designed for team collaboration and proactive risk mitigation.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

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GEP Spend Category Outlook 2023 Report

What are the risks for procurement in 2023? What should leaders do to deliver value amid uncertainties? Read the GEP Spend Category Outlook 2023 report now to build successful spend management strategies across 22 indirect & direct categories.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

The paper highlights real-world examples and use cases that demonstrate generative AI's transformative effects on operational efficiency, risk management, and cost reduction.

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The Current and Future Use of Gen-AI in Supply Chains

From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*.

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GEP Spend Category Outlook 2024

This must-read annual report informs procurement and supply chain leaders of the types of risks to expect and their levels of impact. GEP experts in nearly two dozen critical categories guide you in the right direction in our annual comprehensive resource — GEP Spend Category Outlook 2024.

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Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another.

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Five Best Practices for Balancing Costs, Risks, and Sustainability

What’s Inside: How organizations can most effectively focus on long-term value creation, not just short-term cost savings The impact that embracing innovation and new technologies such as artificial intelligence (AI) can have The essential elements every organization needs to balance cost, risk, and sustainability