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Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChainResilience 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.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychainresilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react.
Customer requirements on more sustainable products/services, and/or requests for supplychain transparency/due diligence. Consult TechMatch our tech selection tool that helps procurement and finance technology buyers quickly explore the market and identify best-fit solutions.
As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react. There are many supplychain management 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.
Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC
Since 2020, procurement and supplychain professionals have faced an unprecedented set of challenges. The pandemic was just the start. Time will tell, but it is unlikely to be a return to the pre-pandemic normal.
Maja Tepeh , Senior Brand Manager at supplychain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment. On an environmental level, progress toward targets needs to be measurable: not just at the customers company, but across their entire supplychain.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? 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. The verdict?
Financial SupplyChain — The Ultimate Guide of 2023. Supplychain collaboration is definitely new to many newcomers in the supplychain industry. It may be an overused term in the supplychain but still confuses a lot of people. . Defining SupplyChain Collaboration.
Customers can now ensure greater supplychainresilience through improved supplier discovery and collaboration, increase efficiency across each step of the source-to-pay process and better understand and optimize cost drivers for goods and services purchased. About Ivalua. Learn more at www.ivalua.com. Media Contact.
Nearshoring and ally-shoring arent just buzzwords anymore; theyve shot to the top of the agenda for anyone trying to keep supplychainsresilient and businesses competitive. And one way to do that is to rethink where organizations source from.
In the hyper-connected global economy of the present day, supplychains traverse continents, cultures, and myriad communication barriers. Having access to an audio translator can be the difference between quick resolution of issues and ballooning interruptions throughout the supplychain.
For years, supplychain professionals have measured success by how well they have been able to drive down costs and drive up efficiency. Then, 2020 sent shockwaves through many JIT strategies; the disruption was just too big to absorb and supplychain ecosystems had not been built to flex.
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 supplychain management in the coming year.
Download Free Copy SupplyChain Disruptions in Schools: Challenges and Solutions Category Inventory Written by Keith Murphy 17 min read Tags Education Risk Management SupplyChain Management Last edited March 18, 2025 Download PDF KEY TAKEAWAYS Efficient school supplychains are critical for maintaining consistent educational services.
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.
This Spend Matters Vendor Analysis gives an updated overview of Sphera’s SCRM solution, a solution built to improve supplychainresilience 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).
Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supplychains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. What is supplier collaboration?
Collaborative efforts between buyers and suppliers, along with better tools, education, and incentives, can help overcome these barriers and foster a more sustainable supplychain. STAKEHOLDER (AGENT) 4 What are the main concerns that affect consumer decision-making regarding ESG goals?
Choosing the best source for procurement and supplychain information and practical guidance depends on your organization’s needs, the type of advice you seek, and the stage of your procurement transformation. Downsides : Heavy focus on technology; less coverage on broader supplychain challenges.
However, third party risk management should be implemented in every procurement department, as regulations and the uncertainties of the post-pandemic era are making these issues around compliance, data security, supplychainresilience and business continuity increasingly important.
When Covid-19 first hit five years ago, retailers experienced the need for supplychainresilience. If the pandemic taught retailers anything, its that supplychain issues can bring business to a halt. A key flaw to emerge was that supplychains were murky. Nothing moved.
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?
In this Spend Matters Vendor Analysis, we provide an overview of Supply Risk Solutions and its solution for supplier (chain) risk management. First and foremost, it helps organizations identify and mitigate potential disruptions in their supplychain. Supplier risk management is crucial for a variety of reasons.
“A 2023 survey by KPMG highlights this transition, revealing that procurement leaders are now focusing on supplychainresiliency (68%), introducing new products or expanding into new markets (65%), and improving margins through cost reduction (71%). Its less about control and more about agility. What is your take?
Today, we are seeing significant digital disruption in the business of trade and supplychain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.
Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supplychain. Regular collaboration between buyers and suppliers helps align their goals and strategies, making sure that every interaction benefits both parties.
Subscribe to SupplyChain Game Changer. Defining the New Normal in SupplyChain! Resilience article and permission to publish here provided by Sam White at Argentus. As everyone in SupplyChain Management knows today, the field has come a long way. Subscribe Here! Email Address. Get Our EBOOK HERE.
Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supplychain disruptions. Decision-makers must plan supplychainresilience strategies for a wide range of risk scenarios.
Our flagship product, Onventis Buyer cloud software, stands as a comprehensive procurement system designed to empower organizations across all aspects of procurement. Onventis Buyer represents a powerful solution that streamlines and automates the entire procurement journey, from the initial sourcing to the final payment to spend analysis.
As we are coming to the end of the year, procurement and supplychain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supplychain leaders and practitioners to build a strategic blueprint for 2023 and beyond.
Public procurement departments are navigating a complex landscape of challenges, including regulatory shifts, inefficiencies, difficulty building resilientsupplychains, and an increasing demand for sustainability and transparency.
Subscribe to SupplyChain Game Changer. The Digital SupplyChain Road is Full of Potholes, Construction and Accidents! SpendMatters SupplyChain Dive SupplyChain Digital Art of Procurement (Podcast). Procurious Procurement Leaders Chartered Institute for Procurement & Supply (CIPS).
The appetite for third-party risk management (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. So you have to consider the role of your buyer and the problem they want to solve.
Supplychain managers and inventory management professionals face a constant barrage of supplychain crises, with one always waiting around the corner. With every crisis comes the potential for supplychain disruption that can cause chaos for stock-holding businesses. Global supplychains.
The fluctuating economic landscape has forced many procurement departments to reassess and diversify their sourcing strategies to maintain supplychainresilience. While the hurdles appear formidable, this report outlines what well-prepared procurement teams stand to benefit in this environment. After years of focusing on cost.
On September 21 & 22, over 5,000 people from numerous leading global corporations came together for DPW Amsterdam 2022 to share their experiences about a wide range of topics in Procurement and SupplyChain. He gives an example in the area of supplychainresilience.
buyers, suppliers) interacting based on real-world commodity traits (e.g., Hansens Context and the Absence of a Learning Loopback Process Metaprise Model Overview: Hansens Agent-based Metaprise model (2007 post) uses autonomous agents to represent stakeholders (e.g., cosmetics luxury inputs, coffees farm-gate prices).
I have been negotiating as either a buyer or a seller for most of my life. Like supplychainresiliency, negotiations must also have a certain fluidity to address the volatility we have experienced over the past few years. If you are balking at the idea that a negotiated contract is final, consider the following.
Geopolitics becomes a procurement issue Supplychainresilience will assume new meaning, with geopolitical tension presenting a complex puzzle for any global business. Chief Procurement Officers will come under mounting pressure to accelerate supplychain reconfiguration efforts started during the pandemic.
I was recently delighted to be joined in webinar discussion by Iain Prince, Operational Transformation & SupplyChain Partner at KPMG. From resilience to agility As Iain was quick to point out, there is no shortage of people offering advice on supplychainresilience. What’s the answer?
Such programs add more reporting requirements, costs on imported parts, and other considerations to an already complex supplychain. Overall, procurement has seen more requirements around tracking raw materials and origin throughout the supplychain. It’s anything but easy to manage.
Teams can easily diversify suppliers and mitigate risks, supplychain disruptions, and compliance issues. Stronger Supplier Relationships: With intelligent counteroffers and transparent feedback loops, suppliers and buyers align more effectively, creating long-term value for both sides.
Over 90% of business buyers say a company’s customer experience is as important as what it sells. To avoid this, it’s crucial for businesses to carefully plan and design intelligent automation initiatives that prioritize the needs and preferences of their customers, whether they are consumers or B2B buyers.
Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Conduct supplychain audits and due diligence on high-risk categories. Buyer/Purchasing Agent - Executes purchase orders and transactions. Dual sourcing and supplychain digitization can help.
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