Supply Chain Brain

MAY 7, 2024

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

Risk management 122

Risk management Risk Suppliers Management 122

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 14, 2024

The annual State of Flux global supplier relationship (SRM) management study made its appearance in London last week at the 2024 Supplier Management Summit in its 16th rendition, this time themed ‘Return on Relationships (RoR). Those organizations also supported the suppliers that needed it. when others were not.

Suppliers 114

Suppliers Raw materials Collaboration Management 114

Supply Chain Brain

NOVEMBER 5, 2024

To improve resilience and business continuity in the face of pandemics, wars, natural disasters and other supply chain vulnerabilities, businesses are adopting comprehensive supplier risk-management initiatives.

Risk management 105

Risk management Risk Suppliers Management 105

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

DECEMBER 10, 2024

In todays interconnected business landscape, companies rely on suppliers and service providers for core procure-to-pay (P2P) activities, including order processing, invoicing and payments. The post Navigating the top 5 third-party risks in procure-to-pay processes appeared first on Spend Matters. This content is for members only.

Risk 110

Risk Risk management Procurement Supply chain 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 Supply chain 111

Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Workshops on negotiation and supplier relationship management.

Agile and Lean Supply Chain 130

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

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

Spend Matters

SEPTEMBER 26, 2024

ERM vs GRC Two key frameworks for managing risk are Enterprise Risk Management (ERM) and Governance, Risk and Compliance (GRC). Risk management (R) to identify, assess and mitigate risks that could hinder the organization’s ability to achieve its objectives.

Risk management 114

Risk management Risk Management Sustainability 114

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

SEPTEMBER 26, 2024

For this year’s Spend Matters Fall 2024 SolutionMap release – our comprehensive methodology designed to help organizations evaluate and select procurement solutions – we launched a new module: third-party (and supply chain) risk management (TPRM and SCRM).

Risk management 117

Risk management Risk Management Procurement 117

ivalua

DECEMBER 1, 2022

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.

Risk management 130

Risk management Risk Management Contract 130

Spend Matters

OCTOBER 23, 2024

As part of our third-party/supply chain risk management (TPRM/SCRM) series, today we address the ROI of risk management. As we inferred in our exploration of the types and sources of risk, risk management done well can reap rewards, just as risk management ignored can reap chaos.

Risk management 117

Risk management Risk Management Supply chain 117

Spend Matters

NOVEMBER 6, 2024

As part of our third-party/supply chain risk management (TPRM/SCRM) series, today we address the risk management landscape. Many solutions exist to manage risk in its broadest definition. However, they don’t necessarily all have the same focus and capabilities. Visit the site and log in/register to read.

Risk 114

Risk Risk management Contract Supply chain 114

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 post Will 2021 be about Cost Reduction or Strategic Supplier Relationships? Interested in learning more?

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

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

Spend Matters

FEBRUARY 12, 2024

In this Spend Matters Vendor Analysis, we provide an overview of Supply Risk Solutions and its solution for supplier (chain) risk management. Supplier risk management is crucial for a variety of reasons. It tracks geopolitical risk, natural disaster risk and financial risk.

Risk management 111

Risk management Risk Suppliers Management 111

ivalua

SEPTEMBER 19, 2022

Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. For example, nearly half (43.9%) of CPOs responding to a recent survey by Ardent Partners indicated that they do not know what percent of their suppliers are high risk. Few knew until impacted.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

SCMDOJO

JANUARY 9, 2025

Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. Click here!

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

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

Procurement Tactics

OCTOBER 18, 2022

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software?

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

ivalua

NOVEMBER 26, 2020

Supply Chain Risk Management on the World Stage – Lessons Learned. We are now redefining the concept and levels of safety stock and strategic inventory within warehouses and at suppliers to ensure a bulwark against future disruptions. . Managing Risk Across the Supply Chain Remains Challenging.

Agile and Lean Supply Chain 264

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy 264

Spend Matters

OCTOBER 30, 2024

These issues can affect direct suppliers, but they can also occur anywhere throughout the supply chain, e.g., sub-tier suppliers, shipping and other logistics service providers. 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 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

Spend Matters

SEPTEMBER 18, 2023

The post Resilinc: Vendor Analysis Update — Supply (chain) risk management solution overview, competitors, tech selection tips, analyst summary appeared first on Spend Matters. This Vendor Analysis Update provides an overview of Resilinc, looks at the competitive landscape, provides selection tips and closes with an analyst summary.

Risk management 120

Risk management Risk Supply chain Management 120

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

Planergy

MARCH 19, 2025

How AP can improve relationships with your key suppliers. How better management in AP can give you better flexibility for cash flow management. Effective supplier management is essential for educational institutions. What is Supplier Management? Never make decisions based on price alone.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Jaggaer

OCTOBER 24, 2024

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. Growth Strategic supplier relationships are vital for supporting business growth.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

SCMDOJO

OCTOBER 28, 2024

By understanding the S&OP process, procurement teams can make more informed decisions, improve supplier relationships, and support overall business growth. They can get involved in the Demand Review of S&OP and see the NPI pipeline and also any changes in product design changes and communicate with suppliers proactively.

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

Spend Matters

NOVEMBER 20, 2023

It offers a comprehensive risk assessment product encompassing various risk dimensions, such as ownership control, operational, financial health, ESG, cyber, reputational, criminal, regulatory and product risk within the supply chain. This content is for members only. Visit the site and log in/register to read.

Risk management 112

Risk management Risk Supply chain Management 112

Spend Matters

JANUARY 2, 2024

After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems.

Risk 109

Risk Suppliers Raw materials Risk management 109

Procurement Insights

OCTOBER 31, 2024

In the meantime, here are a few insights from my 40-plus years in high-tech and procurement regarding one of the previously mentioned four points: Collaborative Supplier Networks: How do you achieve the flexibility and adaptability to respond to “unpredictable markets?” What are collaborative supplier networks?

Supply Chain Optimization 75

Supply Chain Optimization Risk management Collaboration Networking 75

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management.

Supply Chain Efficiency 95

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

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. Additionally, procurement technology can help organizations improve compliance with regulations and reduce risk.

Supply chain resilience 242

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