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Risk Management in the Procurement of Innovation

ProcurePort

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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3 Supply Chain Risk Management Lessons to Use During Coronavirus Crisis

All Things Supply Chain

Supply chains around the world are struggling as they face major shifts to production, the movement of goods, modes of transport, and the people who keep everything running. The coronavirus…

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How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist

ProcurePort

In fact, the right risks, made with calculations and well-founded information, yield some of the best rewards. The post How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist appeared first on ProcurePort Blog. That being said, there are certain times and places that we want to […].

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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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What is the importance of risk management to procurement?

ProcurePort

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. appeared first on ProcurePort Blog.

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How Supply Chain Organizations are Leveraging Data Analytics to Improve Risk Management

Supply Chain Brain

Supply chain organizations that prioritize safety and risk management through data analytics, telematics, and newer equipment position themselves as competitive leaders.

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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.