ivalua

JUNE 10, 2020

From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. With that in mind, let’s take a look at how supplier risk management can benefit your business and prevent the disruption of services. Understanding Supplier Risk Management. Consider this.

Risk management 147

Risk management Risk Suppliers Management 147

Spend Matters

SEPTEMBER 26, 2024

Broadly speaking, the variety of possibilities for risk is covered by the acronym VUCA: V for rapid volatility, U for uncertainty, C for the complexity of interconnected systems and A for ambiguity. Risks are identified, assessed and prioritized based on their likelihood and potential impact.

Risk management 114

Risk management Risk Management Sustainability 114

ProcurePort

NOVEMBER 10, 2023

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.

Risk management 130

Risk management Risk Import Management 130

Procurement Templates

NOVEMBER 21, 2024

Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Detailed strategies for improving procurement skills Improving procurement skills involves a mix of education, practice, mentorship, and exposure to new tools and methodologies. Coursera, LinkedIn Learning).

Agile and Lean Supply Chain 130

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

ivalua

SEPTEMBER 19, 2022

The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. More robust contingency plans that complement current strategies might suffice. . Shifting Category Strategies. The same applies to supply chains.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

Supply Chain Brain

JUNE 19, 2024

When vetting potential suppliers and customers, it's vital to assess their risk-management profiles and strategies, says Danny Thompson, chief product officer at apexanalytix.

Risk management 110

Risk management Risk Management Supply chain 110

Spend Matters

NOVEMBER 7, 2024

This realization planted the seed for a solution that would later become Halo Ai — a system designed to create comprehensive risk profiles for third parties, enabling organizations to operationalize their risk management strategies more effectively. What is the road ahead for Halo Ai?

Supply Chain Efficiency 111

Supply Chain Efficiency Risk management Real-time Visibility Ethics 111

SCMDOJO

JANUARY 9, 2025

This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

All Things Supply Chain

DECEMBER 11, 2024

Resilience in supply chain management is essential for keeping businesses steady amid global disruptions like natural disasters, geopolitical shifts and economic shocks. Companies that build resilient supply chains are better…

Supply chain 232

Supply chain Strategy Supply chain management Supply chain management 232

Supply Chain Brain

MAY 7, 2024

Managing a global supply chain has never been more challenging, with complex, ever-evolving regulations, increasingly frequent extreme weather events, volatile geopolitical crises, and sophisticated cybercrime.

Risk management 110

Risk management Management Risk Strategy 110

Supply Chain Game Changer

NOVEMBER 2, 2022

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! 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. That’s where supply chain risk management software comes in. Subscribe Here!

Risk management 96

Risk management supply chain software solutions Risk Management 96

Supply Chain Brain

OCTOBER 19, 2022

Where OEMs in the past could concentrate on securing supply of expensive components, now they have to think about everything that goes into production, including raw materials, too.

Raw materials 116

Raw materials Risk management Risk Strategy 116

Supply Chain Brain

DECEMBER 13, 2023

It’s impossible to put a price on safety at manufacturing and logistics facilities. World-class organizations know it’s directly tied to their ability to succeed.

Risk management 105

Risk management Risk Strategy Management 105

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. finance, operations, and legal teams) to align procurement strategies with business goals.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Jaggaer

FEBRUARY 5, 2025

Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy. Supplier Risk Assessment – In an increasingly large number of cases, a detailed supplier risk assessment might be required to determine whether the lowest bidder is the best overall choice.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

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

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

Spend Matters

JUNE 20, 2024

Image courtesy of Corcentric Understanding and preventing invoice fraud The first step in combating payment fraud and dealing with supplier risk management is understanding its various forms. The increasing complexity of the digital economy demands robust strategies to combat payment fraud.

Strategy 114

Strategy Risk Suppliers Risk management 114

Procurement Leaders

SEPTEMBER 9, 2024

But one of those present, representing a US-based speciality chemicals business, raised one issue, in particular, which is going to be fundamental to both boardroom discussions and CPO strategies over the coming years: single-source. Procurement, again, is fundamental to much of this thinking.

Strategy 130

Strategy Chief Procurement Officer Supply Chain Efficiency Supply chain 130

Supply Chain Game Changer

JULY 27, 2021

The Parallel Supply Chain … A Twilight Zone Strategy? For that reason we wonder whether the resilient Supply Chain is a passing fad or a sustainable strategy? You need the vision, the leadership, the strategy, and the resources to implement this capability. .” Passing Fad or Long Term Strategy? Email Address.

Agile and Lean Supply Chain 119

Agile and Lean Supply Chain Supply chain Strategy Real-time Visibility 119

Procurement Leaders

JANUARY 16, 2023

. “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. ” Leveraging long-standing risk management expertise.

Risk 246

Risk Management Risk management Strategic planning 246

IBM Supply Chain Blog

OCTOBER 23, 2023

71% of executives think it’s difficult to realize the full potential of a digital transformation without having a solid hybrid cloud strategy in place. [1] But what does such a strategy entail? There are three keys to developing a successful hybrid cloud risk management strategy : security, compliance and resiliency.

Risk 84

Risk Strategy Risk management Innovation 84

Spend Matters

FEBRUARY 5, 2025

Real transformation demands a mix of creativity, strategy and much patience. Change management isnt a sidekick in this story; its the star of the show. Designing and implementing the transformation : addressing the gaps (people, process, technology); designing the organization; rollout options and strategies; skills allocation.

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

Spend Matters

MARCH 25, 2025

How procurement can effectively manage stakeholders To drive digital transformation, procurement leaders must take a structured approach to identifying, engaging and collaborating with stakeholders. Conclusion Stakeholder management is the linchpin of procurements digital transformation efforts.

Stakeholder engagement 70

Stakeholder engagement Management Procurement Influencing 70

Supply Chain Brain

MARCH 12, 2025

A successful supplier risk framework will only be successful if a well thought out strategy is supported by a governing body and aligned resources.

Risk management 52

Risk management Risk Strategy Suppliers 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. In sourcing strategy, blockchain technology helps track orders, payments, accounts and more. Blockchain Information is an invaluable business asset.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

All Things Supply Chain

MARCH 22, 2021

The recent worldwide turmoil due to the pandemic has forced organizations to rethink their supply chain strategy. Particularly, right now there is no room for supply chain managers to let…

Supply chain management 313

Supply chain management Supply chain management Supply Chain Optimization Supply chain 313

Skill Dynamics

JULY 19, 2024

Let’s take a look at how you can develop and implement your procurement strategy roadmap from start to finish and address key challenges you may face along the way, as well as save costs and mitigate risk. While this is a welcome shift in global procurement strategy, it’s forcing companies to adapt their procurement strategy roadmaps.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

SCMDOJO

FEBRUARY 15, 2025

One of the most effective strategies for building resilience is integrating project management into supply chain operations. Structured methodologies, risk assessment tools, and agile frameworks allow companies to improve coordination, enhance decision-making, and ensure they remain adaptable to disruptions.

Project management 91

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 91

SCMDOJO

FEBRUARY 16, 2025

From rule-based systems to predictive analytics and the generative AI boom, businesses have leveraged these technologies to optimize operations, forecast trends, and create data-driven strategies. Symphony AI Symphony AI provides AI-driven enterprise supply chain management, offering real-time insights and risk management solutions.

Supply Chain Efficiency 73

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 73

SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Want to future-proof your procurement function?

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

Spend Matters

JANUARY 23, 2025

The core assumption of should-cost analysis is flawed Should-cost models assume cost-plus pricing, but most companies, especially in competitive industries, use value-based, dynamic, or competitive pricing strategies to optimize profits by focusing on customer value rather than production costs.

Price 104

Price Negotiation supply chain software solutions Supply Chain Optimization 104

SCMDOJO

APRIL 22, 2024

Supply Chain Risk Management, or (SCRM for short), is an already expanding industry, and with artificial intelligence becoming more intelligent by the day, it’s going to be an integral part of any supply chain analysis. Conclusion The complexities of global supply chains demand proactive strategies to navigate disruptions effectively.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 98

Supply Chain Brain

SEPTEMBER 25, 2024

Traditional supply chain risk-management strategies are based on limited and static sources of insight, and often fail to support cross-functional collaboration

Risk 115

Risk Supply chain Risk management Supply 115

Spend Matters

MARCH 11, 2024

So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week. Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software.

Procurement strategies 111

Procurement strategies Innovation Strategy Procurement 111

ivalua

MARCH 31, 2020

Key findings include: 97% of advanced procurement departments say procurement strategy is well aligned with overall business strategy versus only 14% of beginners. 51% of advanced procurement departments measure performance weekly or biweekly, versus only 26% of beginners.

Procurement team 47

Procurement team Procurement supply chain software solutions Spend management 47

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. For example, below are 5 reasons why procurement folks should attend S&OP Reviews.

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97