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As part of our theme this quarter on Procurement’s role and value in supplychain 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. And we must remember that one cannot escape supplychain risks.
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g.,
Global trade is complex, and supplychains are intertwined and interconnected. Supplychain leaders must adapt and use smart strategies to remain competitive. This article explains how to understand US tariffs and lessen their impact on supplychains. This builds resilience during uncertain times.
Consider this your business suddenly faces a major supplychain disruption. But the truth is, a fragile supplychain can make or break your companys success in today’s world. But the truth is, a fragile supplychain can make or break your companys success in today’s world.
Even global manufacturers –– companies across industrial, automotive, chemical, and energy industries –– are scrambling to mitigate the impacts of labor, material and energy shortages, delays, inflation, and unexpected events. Yet, progress is slow and often reactionary, and a reactionary mindset fails to address the underlying causes.
The global supplychain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Developing Analytical Skills Data analysis is at the heart of effective supplychainmanagement.
The Disintermediation of the SupplyChain! Collaborate with Suppliers and Partners Successful supplychainmanagement relies heavily on collaboration. By working together efficiently, the supplychain can be streamlined, improving overall performance and customer satisfaction.
Skip to main content Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. To remain competitive, organizations must fundamentally rethink their approach to supplychainmanagement. You can unsubscribe at anytime.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. By Max Garland • Feb.
Skip to main content Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. Tariffs have become one of the most disruptive variables in global supplychains. You can unsubscribe at anytime. From the U.S.-China
In today’s interconnected global business environment, supplychain risk management (SCRM) has emerged as a critical discipline for organizations striving to maintain operational continuity and a competitive advantage. Supplychains are increasingly susceptible to disruptions caused by both predictable and unforeseen events.
The Resilient SupplyChain! Supplychains are believed to be the backbone of your business operations. Supplychain disruptions are unpredictable but can be controlled. There’s no supplychain immune to the disruptions. Technology advocates for automation of the supplychain processes.
Key metrics were tied to cost reduction and spend under management. 20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management.
Ivalua NOW AMER 2025 in New Orleans was an event that exceeded all expectations, delivering an unforgettable experience for our thriving procurement community. ” Hosting the event at the renowned home of the New Orleans Saints amplified the energy and excitement. We came, we connected, and we conquered!
The SupplyChain Renaissance Has Begun! In the complex world of business, the supplychain serves as the backbone, connecting the dots between production and customer satisfaction. Cost Reduction A streamlined supplychain is a powerful tool for cost management.
Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supplychains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supplychain visibility and monitoring solutions a top priority.
It’s Event Season 2025! It’s Event Season 2025! Spring and summer mark a season of innovation, connection, and momentum in procurement, as well as some of the industry’s biggest annual events. Here are four of 2025’s past events where Arkestro was a major presence. Resources / Blog / Where in the World is Arkestro?
Supplychain reports offer a comprehensive view of your entire supplychain operation. What are SupplyChain Reports? However, implementing inventory management techniques such as ABC analysis and safety stock to optimize stock levels and minimize the risk of stockouts.
The most recent Hackett Group Report highlights key priorities reshaping procurement in 2025, including technology adoption, the rise of Generative AI, and managing emerging risks. However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management.
Breaking Down Business Silos Supplychains don’t exist in isolation. To truly build resilience across the entire organization — including supplychain and logistics — businesses need to remove the internal silos that can lead to restricted data flow and collaboration.
In today’s fast-evolving business landscape, procurement and supplychain professionals are confronted with a staggering complexity of risk management (link to complexity piece) that requires a nuanced understanding of various dimensions of risk. Recent events have illustrated how interconnected and fragile supplychains can be.
Subscribe The SupplyChain Renaissance Has Begun! Efficient supplychainmanagement is the key. All of this is possible thanks to an optimized supplychain. This requires everyone in the supply network to share accurate and timely information to identify problems and streamline processes.
Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets. Supply network modeling, now integrating large language models (LLMs), allows for precise tracking and material tracing.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
Supplychain and procurement have undergone a seismic change in recent years. Increased globalization, constant digital transformation, and ever-evolving consumer demands have led to a situation where traditional supplychain skills are simply no longer enough for success.
Skip to main content Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. Companies are coming under increased scrutiny to report and manage these emissions in addition to those under the organization’s direct control.
By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. That makes agility a foundational part of your manufacturing strategy.
In today’s competitive market, every drop of efficiency in extraction and logistics fuels innovation across supplychains, ensuring that products reach consumers faster and at lower costs. How does oil and gas production drive global supplychain innovation?
In fact, year after year, this one post continues to rank #1 among all posts in terms of reads: ManagingSupplyChain Risk: The Nokia and Ericsson Case Study Case Study Recap Nearly a decade ago, lighting struck a Philips microchip plant in New Mexico, causing a fire that contaminated millions of mobile phone chips.
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. This process is known as supplier risk management.
In the YouTube video titled “tackling SupplyChain Challenges in Creative Ways ”, Sarah Barnes Humphrey delves into the world of supplychain collaboration and technology with Frasier from Beacon Technologies.as
Yet the complex supplychains behind those therapies are increasingly vulnerable. A System Under Strain The fragility of the medication supplychain isn’t theoretical; it’s happening in real time. Alarmingly, 7% attributed at least one medication safety event to a shortage-related issue. drug spending reached $37.1
This is especially true as many manufacturing procurement departments struggle with exactitude, efficiency, and unforeseen events that keep them from meeting their goals. This process ultimately leads to faster delivery times, more significant cost savings, and improved supplychain resilience.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. You can unsubscribe at anytime. That builds on a 40% cut in fishing category SKUs and 30% YoY decrease in vendors in Q4 2023. By Edwin Lopez • Jan.
We’ve seen AI take over everyday tools and search engines; AI in Sourcing and Procurement is becoming a strategic tool in our kit, At Ivalua, we are helping global procurement teams integrate AI across the Source-to-Pay process, bringing automation, insight, and agility to every step. Decision-making suffers, as well.
SupplyChain Disruption in 2025: Navigating SupplyChain Issues Supplychain issues have become the defining challenge for multichannel merchants in 2025. When supplychains falter, customer satisfaction plummets and competitors gain ground. What Are SupplyChain Issues in Plain Language?
Instead, it spreads out supply needs across multiple vendors and regions to avoid disruptions when unexpected events occur. Procurement managers must also consider supplier stability. Tools such as supplychain visualisation software can support this process, offering more control and less guesswork.
MODEL #2 An agent-based model within a metaprise framework outperforms traditional equation-based intake and orchestration models in procurement because it better addresses the complexity, unpredictability, and multi-stakeholder nature of modern supplychains. Complex, multi-tiered supplychains Superior (e.g.,
The Manufacturing SupplyChain Journey through AI and Automation Manufacturing SupplyChains Explained The manufacturing supplychain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.
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. Ensuring that your suppliers understand your commitment to customer satisfaction will help build a more responsive and reliable supplychain.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. Clorox expects productivity gains in its supplychain to start in fiscal 2027, Bellet said. You can unsubscribe at anytime.
The US administrations announcement of reciprocal tariffs in early April sent a jolt through global supplychains. Building internal alignment across procurement, supplychain, legal and finance to tie sourcing decisions to tariff cost modeling and compliance. Remaining agile by embedding reassessment mechanisms.
Photo: iStock/South_agency July 2, 2025 Helen Atkinson, Managing Editor How does a retailer stay ahead of the dizzying number of factors that go into whether it can sell what it puts on the shelves at a profit? And certainly there are more frequent, large events affecting companies, that had previously been spaced out.” AI can help.
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