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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. Access to this data is especially important when there are supply chain disruptions , such as those caused by the global pandemic.

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Risk Management in Procurement: Strategies and Tools for Success

Empowering CPO

Types of Procurement Risks Supply Risks – Supply risks involve factors that can disrupt the availability, quality, or timely delivery of goods and services. Some examples include supplier capacity constraints, raw material shortages, transportation disruptions, and natural disasters.