ProcurePort

OCTOBER 6, 2021

The post Supply Chain Resilience Strategy: Everything You Need to Know appeared first on ProcurePort Blog. The impact of unexpected disruptions should not result in wholesome halting and devastating losses to the affected businesses. For a long while, businesses have sought to minimize their fixed costs in sourcing.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Supply chain Strategy 130

All Things Supply Chain

NOVEMBER 6, 2024

The Association for Supply Chain Management (ASCM) has launched a new supplier Relationship Management certificate designed to help supply chain professionalsbuild strong supplier relationships. Strong supplier relationships help mitigate risk…

Supplier relationship management 211

Supplier relationship management Suppliers Management Supply chain management 211

ivalua

MARCH 16, 2021

They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supply chain management activities that can help Procurement teams build and maintain supply chain resilience now and in the years to come. Why is visibility so important? Create speed and transparency.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

JULY 8, 2020

Many of these organizations are already using Source-to-Pay technology and are now realizing more than ever that technology is a “must have” to ensure their supply chain remains resilient and agile throughout a crisis. Supplier Data Quality & Management in Decision Making. Risk & Performance Management.

Agile and Lean Supply Chain 26

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 26

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 264

Price Strategy Sourcing Real-time Visibility 264

ivalua

FEBRUARY 24, 2021

The release includes a broad set of innovations to help organizations better manage their spend and suppliers. in “ The Forrester Wave : Supplier Risk And Performance Management (SRPM) Platforms, Q3 2020.” Specific release highlights include: Supplier Management Innovations: . Sourcing Innovations: .

Supply chain resilience 100

Supply chain resilience Supply Chain Efficiency Supply Chain Optimization Innovation 100

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Supply Chain Dive

MAY 6, 2024

Investors have started to question what supply chains will do if the November elections usher in another era of high import taxes.

Supply chain resilience 95

Supply chain resilience Supply chain Suppliers Supply 95

Supply Chain Dive

MAY 7, 2024

The adhesive materials maker leveraged supplier diversification and enhanced inventory strategy to avoid disruptions.

Supply chain resilience 122

Supply chain resilience Supply chain Inventory Strategy 122

ivalua

JUNE 29, 2021

Supplier diversity programs are something many procurement professionals in the United States (U.S.) But since its inception more than 50 years ago, supplier diversity programs have spread beyond public procurements and now many privately held U.S. businesses proudly maintain robust supplier diversity programs.

Business strategy 162

Business strategy Suppliers Strategy Ethics 162

Skill Dynamics

JANUARY 7, 2025

Mastering resilience enables businesses to uphold efficiency, reduce costs, and improve overall performance even when dealing with disruptions. This article will explore key strategies for building supply chain resilience, and how Skill Dynamics can help support your business throughout this transformation.

Supply chain resilience 59

Supply chain resilience Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency 59

ivalua

MARCH 24, 2022

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. In today’s dynamic and uncertain environment, strong supplier relationships are a key competitive advantage. About Ivalua. 212-239-8594.

Suppliers 130

Suppliers Management Supply Chain Efficiency Supply chain resilience 130

ivalua

NOVEMBER 26, 2020

Supply Chain Resilience vs Low-Cost Supply Chain. With the prospect of reshoring or nearshoring limited in scope, many organizations are pivoting their supply strategies to mitigate the impact of another disruption. 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

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Supply Chain Brain

DECEMBER 29, 2024

Conventional metrics, like cost and annual spend, have historically guided supplier performance evaluations, but they miss the true operational risks posed by potential disruptions.

Supply chain resilience 98

Supply chain resilience Supply chain Management Risk 98

ivalua

MAY 30, 2023

However, implementing category strategies for successful sourcing and supplier management can be challenging without the right tools. When businesses start working with local suppliers, they become part of a growing cycle of economic development. The Saudi 2030 Vision invests in the community to drive local business growth!

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Supply Chain Dive

AUGUST 29, 2024

The announcement could lead to blowback from suppliers, financial woes, and ultimately hamper supply chain resilience, writes Rich Weissman.

Supply chain resilience 122

Supply chain resilience Procurement Supply chain Suppliers 122

Supply Chain Brain

MAY 20, 2024

A shift to shorter supply chains not only helps manage the unpredictability of costs, but also strengthens supply chain resilience by reducing dependency on distant suppliers.

Supply chain resilience 122

Supply chain resilience Sourcing Supply chain Suppliers 122

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. First and foremost, it helps organizations identify and mitigate potential disruptions in their supply chain.

Risk management 97

Risk management Risk Suppliers Management 97

IBM Supply Chain Blog

SEPTEMBER 20, 2021

According to Geraint John , Vice President Analyst with the Gartner Supply Chain practice, “Supply chain executives overwhelmingly recognize the necessity to make their networks more resilient and agile.” In this blog, let’s explore best practices that drive supply chain resiliency with this definition at the core.

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Supply Chain Game Changer

JUNE 2, 2021

Subscribe to Supply Chain Game Changer. Resilience is the New Critical Supply Chain Strategy! Supply Chain resilience article and permission to publish here provided by James Liang from Power RFP. Our world lives in a hyper-global supply chain environment. Subscribe Here!

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Supply chain Supply 52

ivalua

JUNE 17, 2022

Taking Steps to Increase Resiliency. Procurement leaders are under increased pressure to improve supply chain resilience. In this regard, monitoring supplier performance, compliance, and the flow of materials from the lowest tier of supply to the end consumer is key to promoting end-to-end visibility.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Risk Supply chain resilience 130

Jaggaer

MARCH 2, 2020

Research reveals a rise in disruptive incidents deep in the supply chain. What is the optimal way to categorize your suppliers so that you can manage them better and maximize business continuity? of organizations experienced supply chain disruption in 2019 compared to 56.5% Tier Suppliers. Supplier Risk.

Risk 103

Risk Suppliers Management Supply Chain Optimization 103

IBM Supply Chain Blog

JUNE 30, 2023

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. Purpose matters to consumers and drives profitability.

Supply chain resilience 67

Supply chain resilience Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 67

SCMDOJO

MAY 2, 2024

Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience! Importance of Supply Chain Resilience Resilient supply chains are better equipped to absorb shocks, respond swiftly to disruptions, and recover more efficiently.

Agile and Lean Supply Chain 97

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 97

ivalua

SEPTEMBER 14, 2022

With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. The study also found that suppliers will be vital for successfully ensuring supply continuity.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply chain Supply chain resilience Collaboration 130

Supply Chain Brain

NOVEMBER 30, 2021

Supply chain resiliency is top of mind. Many executives are working to make their supply chains a competitive advantage.

Supply chain 98

Supply chain Supply Chain Visibility Supply chain resilience Collaboration 98

SCMDOJO

MAY 2, 2024

In response to these challenges, the leaders must rethink their supply chain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience!

Agile and Lean Supply Chain 87

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 87

All Things Supply Chain

JULY 20, 2020

Due to the enormous impact of the coronavirus pandemic on global supply chains, many companies are struggling to keep themselves ticking over. Many suppliers are no longer reliable because they…

Supply chain 279

Supply chain Supply Suppliers Supply chain resilience 279

SCMDOJO

MAY 7, 2024

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.

Supply Chain Visibility 98

Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 98

ivalua

FEBRUARY 24, 2021

The impact of all of that is that organizations are actively creating geographical supplier diversity within their supply chains, to strike a better balance between cost reduction and agility,” he said. The post 10 Key Issues The Hackett Group Says Will Impact Supply Chain Transformation in 2021 appeared first on Ivalua.

Agile and Lean Supply Chain 162

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply chain resilience 162

Procurement Tactics

DECEMBER 21, 2022

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority. Benefits of Supply Chain Collaboration. Enhanced ethical standards.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Let’s explore further.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Implementation is challenging: Healthcare organizations tend to underestimate what’s involved with successful implementation.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Spend Matters

SEPTEMBER 19, 2023

As natural disasters are increasing in frequency and magnitude, the implications for supply chain risk management can be overwhelming. Given that catastrophic events lead to deadly and costly supply chain disruptions, catastrophic risk is at the forefront of operational and supply chain resilience.

Supply chain 99

Supply chain Supply chain resilience Supply Risk 99

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. Done well, it can become a key driver of competitive advantage.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

ivalua

MAY 17, 2023

This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. After catching up with colleagues and acquainting ourselves with some new faces, we dove into solution breakout sessions.

Supply chain resilience 130

Supply chain resilience Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 130