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In the vast sea of supplychain information, which SCMDOJO supplychain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supplychain knowledge and give you a competitive edge. Read In Detail About Procurement Department Here 2.
When we talk about reputational risk, we refer to damage to a company’s name or brand resulting from the negative actions (inadvertent or not) of a top-tier supplier or sub-tier part of the supplychain. Find our in-depth guide to third-party and supplychainriskmanagement with accompanying free download here.
The past few years have highlighted serious deficiencies in prevalent supplychain strategies and the major risk that disruptions pose to corporate success. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supplychain disruptions. Assessing Risk across the SupplyChain.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
These issues can affect direct suppliers, but they can also occur anywhere throughout the supplychain, e.g., sub-tier suppliers, shipping and other logistics service providers. Find our in-depth guide to third-party and supplychainriskmanagement with accompanying free download here.
Maja Tepeh , Senior Brand Manager at supplychainriskmanagement solution Prewave , shares what their customers are looking for from their digital procurement investment. However, the cost avoidance from mitigating ESG-related supplychainrisks, such as regulatory fines or disruptions, is equally important.
In this Spend Matters Insider Vendor Analysis Update, we give an updated and more complete overview of Resilinc (originally briefly covered in 2022), a solution built to reduce risks in supplychains to make them more resilient. Supplychains have been the focus of much news in the last few years.
Best-in-Class for Healthcare SupplyChainManagement? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — Halo Ai’s founder has a background in procurement and has built the tool with procurement in mind and to replace current TPRM and GRC point solutions.
Subscribe to SupplyChain Game Changer. Small Business Risks in Accepting Cryptocurrencies! This is why crypto riskmanagement is important to take your wealth off of exchanges and into your own hands. Risks of Crypto Exchanges. Once you’ve found a buyer, you will need to send them your cryptocurrency.
Categories: Category Management , Procurement Systems & Architecture , SupplyChain , SupplyChainManagement , SupplyRiskManagement Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Interos, a supplychainriskmanagement (SCRM) solution built to map and model a live global view of a company’s business ecosystem.
This Spend Matters Vendor Analysis gives an overview of smartKYC, a risk (supplier due diligence) solution built to ensure that organizations stay on top of reputational and compliance risks. smartKYC is a solution that helps address such challenges.
This Spend Matters Vendor Analysis provides an overview of Halo Ai and its solution for third party riskmanagement. Third-party riskmanagement (TPRM) is often an afterthought for organizations or a measure only taken after a risk event occurs. This content is for members only.
The last few years have put the word “supplychain” in the headlines as so-called supplychain disruptions and shortages have impacted everybody. Even now, supplychains are far from being “back to normal.” Read more. )
In this Spend Matters Vendor Analysis, we provide an overview of SupplyRisk Solutions and its solution for supplier (chain) riskmanagement. Supplier riskmanagement is crucial for a variety of reasons. This content is for members only. Visit the site and log in/register to read.
The recent Deloitte Global Chief Procurement Officer Survey tells us, “CPOs have definitively indicated that risk is here to stay, as evidenced by the greater than 70% in our survey who indicated that procurement-related risk/supplychain disruption has increased in the past 12 months on top of an already elevated baseline.”
Procurements most valuable players Jesus Campos , CEO CorporateLATAM, once wrote on Spend Matters that procurement functions must address two key areas to navigate the uncertainty of global markets: riskmanagement and organizational structure the latter being relevant to our discussion on procurement transformation. The RiskManager.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react.
With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three. For Mirela Boldu, senior programme manager – supplier riskmanagement, managing these threats is crucial to the function.
As pressure to improve supplychain cost performance increases for many companies, the evaluation and selection of competent suppliers becomes a key concern. In this article, Professor Burcu Keskin from University of Alabama will share 7 trends that procurement and supplychainmanagement professionals should watch.
Categories: risk-compliance-management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Prevalent and its third-party riskmanagement (TPRM) solution. Prevalent allows users to continuously monitor third-party vendors for security, privacy, compliance and supply-chain-related risks.
That said, the biggest challenge remains going deep into your supplychain. UCB’s changing supplychain We have a categorisation beyond whether a supplier is strategic or not. It’s understanding the potential trade-offs that we might make from redesigning our supplychain.
Manufacturing and industrials: Strengthening the supplychain backbone In the manufacturing world, procurement is about much more than just tracking spend its the heartbeat of supplychainmanagement. This means better compliance, fewer disruptions and greater efficiency in managing supplier relationships.
For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what Zurich is doing with regard to sustainability in the supplychain. The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich.
Categories: Procurement Systems & Architecture , risk-compliance-management Tags: PRO In this Spend Matters PRO Vendor Analysis we provide an overview of ProcessUnity and its solution for third-party riskmanagement.
Heres why RapidRatings matters: To the market RapidRatings provides a financial risk analysis solution that evaluates suppliers’ financial health through detailed analysis of their financial statements, enabling procurement teams to assess and mitigate supplier financial risk effectively. This content is for members only.
How Private Equity Shapes Modern SupplyChains Money from private equity doesnt just change ownership. For supplychain leaders , this isnt theory; its happening across the industry every quarter. Private equity buyers sometimes miss hidden liabilities tied to prior supply contracts or revenue booked offshore.
Subscribe to SupplyChain Game Changer. Businesses face all sorts of risks in almost all aspects of their business operations. Perils in the supplychain are some of the risks that can potentially cause severe and lasting damage to the capability of a business to operate and its reputation with clients and customers.
As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react. There are many supplychainmanagement lessons to learn from the Covid-19 crisis. These challenges in the direct material supplychain pose a real threat, especially in a time of crisis.
How better management in AP can give you better flexibility for cash flow management. Tools like PLANERGY enhance supplychain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers. Efficient supplychains play a major role in keeping schools running smoothly.
This Spend Matters Vendor Analysis gives an updated overview of Sphera’s SCRM solution, a solution built to improve supplychain resilience by tackling both predictable and unpredictable risks. The integration of the riskmethods application is a work in progress. GHG, human rights and PFAS). GHG, human rights and PFAS).
This Spend Matters Vendor Analysis gives an overview of Prewave, a solution built to reduce risks in supplychains. It offers a comprehensive risk assessment product that encompasses various risk dimensions, including operational risks (business continuity) and sustainability.
In today’s fast-paced business landscape, having an efficient supplychain department is more important than ever. A streamlined supplychain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.
The most high-profile risk events come from wars and revolutions, but even the less obvious ones, such as social unrest, political demonstrations and activism, can cause serious consequences for businesses and have major knock-on effects for customers. The disruption may also be caused by supplier issues further down the supplychain.
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. While it may seem straightforward, many issues can arise, some of them entirely unseen if the process isnt carefully managed.
Subscribe to SupplyChain Game Changer. On the Argentus Blog, we’re always looking to shine the light on various aspects of the talent picture within the SupplyChainManagement field – whether it’s hiring trends , intelligence about important skills, or the industry’s response to emerging issues related to the COVID-19 pandemic.
As the procurement industry and supplychains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supplychainmanagement in the coming year.
Here is an article that provides a good explanation of the difference between the two commodity characteristics: Dangerous SupplyChain Myths (Part7) You can also access the paper through the following link: Acres Of Diamonds (White Paper) How Do The 2004 Acres Paper’s Findings Hold Up In 2025?
Supplychainriskmanagement is proactive and data-driven. To do this effectively, the buyer must simultaneously engage critical stakeholders such as suppliers, courier companies and customs brokers, e.g., the Metaprise. Procurement workflows are automated using AI & smart contracts.
BeNeering addresses fragmented processes, low user adoption and ERP integration complexities with a unified solution for catalog management, requisitioning, ordering and receiving. Core) Spendkey provides a still fairly young turnkey solution with solid data management.
The interconnected nature of business networks, their systems and their data leaves suppliers and the primary organization open to threats and attacks that broadly fall under the category of supplychain cyber risk. Find our in-depth guide to third-party and supplychainriskmanagement with accompanying free download here.
Subscribe to SupplyChain Game Changer. Supplychain breakdown is a serious problem that can lead to significant losses for any business. To reduce supplychain breakdown, you have to use preventative information technology (IT) that will enable you to identify risks that might disrupt your operations.
The appetite for third-party riskmanagement (TPRM) within procurement and the supplychain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. Read our analysis: Risk is complex — The different types and sources of risk.)
China’s role in the global supplychain is changing right before our eyes, leaving foreign buyers to feel the discomfort. The post Even with +1, China is still #1 appeared first on Art of Procurement.
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