TYA Suite

NOVEMBER 15, 2024

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.

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Risk management Risk Suppliers Strategy 40

ivalua

JUNE 10, 2020

From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. With that in mind, let’s take a look at how supplier risk management can benefit your business and prevent the disruption of services. Understanding Supplier Risk Management. Consider this.

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Procurement Templates

NOVEMBER 21, 2024

Risk Management Actionable Steps: Identify Risks: Develop a checklist of potential procurement risks, such as supply chain disruptions or quality issues. Monitor Continuously: Use procurement dashboards to track risk indicators. Resources: Risk management certifications (e.g., PMI-RMP, ISO 31000).

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Supply Chain Dive

SEPTEMBER 16, 2024

Prepare for the next black swan event with strategic risk management—because the unexpected is inevitable.

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Risk management Risk Management 108

Spend Matters

OCTOBER 3, 2024

The appetite for third-party risk management (TPRM) within procurement and the supply chain 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.)

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Risk Risk management Supply Chain Efficiency supply chain software solutions 113

ivalua

SEPTEMBER 19, 2022

If recent shocks were caused by a black swan event or transitory conditions, the lessons and required actions could be considered limited and incremental. Supplier risk management too often focuses on evaluating the risk level of each supplier and selecting lower risk ones when possible.

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Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

Spend Matters

MARCH 18, 2024

This Spend Matters Vendor Analysis provides an overview of Halo Ai and its solution for third party risk management. Third-party risk management (TPRM) is often an afterthought for organizations or a measure only taken after a risk event occurs. This content is for members only.

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Spend Matters

OCTOBER 30, 2024

Man-made risk categories can overlap with other risk categories (for example, cyber and reputational) because man-made focuses more on the cause than the consequences. Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes man-made risk?

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Supply Chain Brain

AUGUST 31, 2021

Risk is everywhere. Adverse events can and will happen at any time, and when events hit your supply chain, disruption and financial, operational, and reputational damage are not far behind. .

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Supply Chain Game Changer

NOVEMBER 2, 2022

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! In fact, 89% of businesses encountered a supplier risk event in the last five years. But not all companies are prepared for this level of risk and complexity. That’s where supply chain risk management software comes in. Automotive.

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Risk management supply chain software solutions Risk Management 96

ivalua

NOVEMBER 12, 2019

“The integration of EcoVadis Sustainability Ratings with Ivalua Risk Center brings our mutual customers a powerful combination of insights to optimize procurement decisions, improve supply chain performance and create value.” The post Ivalua Launches Enhanced Third-Party Risk Management Capabilities appeared first on Ivalua.

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Una

OCTOBER 13, 2022

Current Events Impacting Procurement. Procurement and supply chain management would be a lot easier if the function existed in a bubble, but it would also be a lot less exciting. In other words, procurement is at significant risk of disruption, but this risk can be mitigated through a combination of strategies. .

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ivalua

APRIL 23, 2020

Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. Ivalua’s events have been consistently strong for several years now.

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supply chain software solutions Supply chain Procurement Supply 46

Spend Matters

AUGUST 8, 2023

Everyone is well aware of the cause of this attention amplification: scarcely any business escaped the repercussions of pandemic, but as our research analyst Abigail Ommen puts it: “Prior to the Covid 19 pandemic, only a small subset of people was acutely aware of risk management.

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Risk management Risk Management supply chain budgeting 98

Supply Chain Brain

MARCH 17, 2024

When it comes to assessing supply chain risks, planners generally don’t place natural disasters at the top of the list. But with the growing number of extreme weather events, that could change in the coming years.

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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. Markus Leutert, Senior Director, Corporate Communications. media@ivalua.com.

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Agile and Lean Supply Chain Supply chain Supply chain resilience Spend management 130

Supply Chain Brain

MAY 7, 2024

Managing a global supply chain has never been more challenging, with complex, ever-evolving regulations, increasingly frequent extreme weather events, volatile geopolitical crises, and sophisticated cybercrime.

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Risk management Management Risk Strategy 110

IBM Supply Chain Blog

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

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Risk management Risk Real-time Visibility Management 76

Supply Chain Brain

OCTOBER 9, 2020

Vendor risk management, also called supplier risk management or third party risk management, describes the efforts of managing the risks posed by the companies who sell you products and services. The data offers an excellent foundation for building a vendor risk profile - but it is not enough.

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Spend Matters

NOVEMBER 18, 2024

This Vendor Analysis provides an overview of smartKYC, a look at the competitive landscape, user considerations and an analyst summary.

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Spend Matters

JANUARY 23, 2025

A new way Machine learning models like Arkestros, leverage data from thousands of sourcing events, analyzing item attributes (like past prices and should cost) and competitive factors (e.g., supplier count, event size). Thus, while cost structures offer insights, they rarely reflect the actual prices suppliers quote.

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Price Negotiation supply chain software solutions Supply Chain Optimization 107

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? It should be considered an essential part of an organization’s wider risk management strategy. What are the benefits of supplier risk management?

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Procurement Heads

FEBRUARY 9, 2023

Increased focus on risk management Procurement professionals are also responsible for managing risk in the supply chain. With global events such as natural disasters, political instability, and trade tensions, the importance of risk management in procurement is becoming increasingly clear.

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Spend Matters

APRIL 15, 2025

Leading firms are using AI to model extended value chains, linking them with AI-assisted supplier intelligence to anticipate risks before they become problems. Supply chain disruptions whether from geopolitical shifts, weather events or logistical breakdowns are nearly impossible for humans to predict alone.

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Real-time Visibility Procurement e2e Supply Chain Efficiency 73

ivalua

AUGUST 10, 2015

Quite a few of our customers are located in the Detroit area where we recently hosted a networking event featuring Nexteer Automotive. The audience was extremely engaged as many of them continue to look for better ways to generate the most value from the supplier selection process and ongoing supplier management.

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Spend Matters

MARCH 18, 2024

Like every year (except during the peak of Covid when the event was 100% virtual), Ivalua selected a prestigious location: Versailles. The event was held at the Palais des Congrès in Versailles, just a few meters from the Palace of Versailles. Until the event, the add-on store was only used internally by Ivalua’s teams.

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Procurement Insights

JANUARY 3, 2025

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. Analytics and insights from procurement data were minimal.

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Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 18, 2023

The last decade has yielded many events, forces, and elements in which a greater concern and scrutiny of the concept of Vendor or Supplier Risk Management has risen. At the forefront are driven for Cost Reduction, Top Line Growth, and Competitive Advantage.

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Risk management Risk Management Purchasing 40

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Flexibility: Another way to reduce risk is to build flexibility into your supply contracts.

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Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Spend Matters

MAY 23, 2024

Each unexpected event serves as a reminder to stakeholders across the supply chain that disruption is inevitable — but it doesn’t have to be unpredictable. There are three key gaps that organizations and governments need to bridge to modernize their risk posture.

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Strategic Sourceror

JUNE 21, 2022

How to create a strong risk management strategy. Train your team in risk awareness and build organizational habits around it Risk management is built from the ground up. Building the aforementioned organizational habits of risk management is just the start.

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Spend Matters

JANUARY 2, 2024

After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems.

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Spend Matters

MAY 29, 2024

Located at the Faena Forum, the two-day event featured keynotes, breakout sessions, solution demonstrations, partner/sponsor booths and more. Overview of Ivalua NOW Americas 2024 The event followed a similar structure to that of the EMEA Ivalua NOW conference.

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supply chain software solutions Procurement Supply Chain Optimization Contract 119

Bonfire

MARCH 17, 2023

We recently chatted with seasoned procurement pros at our OntarioTalk event, and they had some great compliance advice that applies to all jurisdictions. Keep reading for a checklist to help you optimize procurement compliance and internal risk management. Do you have a checklist of document requirements to use in your review?

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Risk management Risk Management Procurement 52

ivalua

SEPTEMBER 26, 2019

Despite the general consensus that risk management is important, recent studies have found that many companies still have a long way to go and a lot of work to do…. Many countries have also introduced new regulations on sustainability (modern slavery, conflict minerals), or diversity, which add new risk factors in terms of compliance.

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Arkestro

NOVEMBER 12, 2024

Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets. Arkestro introduces a templatized, embedded approach to sourcing events. Today’s procurement challenges go far beyond cost negotiations and sourcing.

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Procurement Bidding Procurement team Supply Chain Efficiency 52

Spend Matters

JUNE 20, 2023

This content does not express the views or opinions of Spend Matters In our previous installment on Spend Matters, we discussed the rapid evolution of Supply Chain Risk Management happening within procurement organizations. And so it should.

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