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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. Create speed and transparency.
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.
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!
Join us as we delve into the world of GTF2025, where resilience meets innovation, and the sky is no longer the limit. Heading 1: Advancing Global SupplyChainResilience Through GTF2025 Initiative In the pursuit of advancing global supplychainresilience,the GTF2025 initiative is poised to revolutionize the aviation industry.
To help safeguard their supplychains against future unpredictable events, organizations can implement a master data management (MDM) strategy as a foundation for strong risk mitigation during times of crisis.
Many businesses go to market for solution support within supplier management with ESG/Corporate sustainability as a primary compelling event, or driving factor. Customer requirements on more sustainable products/services, and/or requests for supplychain transparency/due diligence.
In our recap, we’ll dive into the key takeaways from the event and what they mean for the industry. We hope you had a fantastic time and look forward to hosting more events and expert panels throughout the year. Thank you to all our amazing guests who joined us on this incredible voyage along the stunning waters.
Automated Assessments: Automate information gathering and actions with the ability to auto-trigger supplier assessments and/or schedule them based on events, business rules or a specific time period to engage suppliers effortlessly and in a timely fashion. Other notable highlights include: Supplier Risk & Performance Management .
Yet despite the availability of new platforms and analytics tools, supplychain risk management strategies remain in their infancy post-pandemic. The study also found that suppliers will be vital for successfully ensuring supply continuity. Markus Leutert, Senior Director, Corporate Communications. media@ivalua.com.
They come primarily from a cyber perspective, from an anti-bribery and corruption (ABAC) perspective, from an ESG and a supplychainresiliency perspective and, of course, data privacy. These highly newsworthy events serve to highlight why businesses are nervous about this risk.
From 16th– 18th July, I had the privilege of taking part in the virtual SupplyChain Summit 2020 from the comfort of my own home. Industry professionals from all over…
According to Geraint John , Vice President Analyst with the Gartner SupplyChain practice, “Supplychain executives overwhelmingly recognize the necessity to make their networks more resilient and agile.” In this blog, let’s explore best practices that drive supplychainresiliency with this definition at the core.
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 supplychainresilience.
In 2020 several disruptive events shifted strategic supplychain priorities. An end-to-end approach for supplychainresiliency is imperative to tackle future industry challenges and disruptive events.
We are quickly becoming familiar with a landscape of political, economic, social and climate unrest, plus unpredictable global events. There were incredible displays of innovation, ESG & supplychainresilience in abundance. Our world is tumultuous to put it mildly, so challenging the status quo can seem scary.
From the sessions and keynotes to the electrifying nighttime events–we want to extend a heartfelt thanks to all our customers, sponsors, partners, attendees, and team for making Ivalua NOW “Breaking New Ground” a huge success. Events, content, exciting product updates, and so much more! We could not have done it without you.
Procurement Agility: According to Sawchcuk, agility defines your capability as an organization to react to any event. From a risk standpoint, you must be able to react in a way that prevents the event from having a material impact on the business,” he said. But there’s also a need for predictive capabilities.
Below is a ranking from highest to lowest focus on procurement and supplychain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis. While supplychain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools.
In response to these challenges, the leaders must rethink their supplychain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on SupplyChainResilience!
20202024: Procurement as a Strategic Business Partner Accelerated Evolution During the COVID-19 Pandemic : The pandemic underscored procurement’s role in ensuring supplychainresilience , managing disruptions, and navigating shortages. Professionals became more involved in ensuring supplychainresilience and continuity.
In response to these challenges, the leaders must rethink their supplychain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on SupplyChainResilience!
The caveat is that the black swan event of 2020 was not only a catalyst for disruption but also an indication of future pain points within the supplychain itself.
We are quickly approaching JAGGAER’s flagship event REV2025 in Miami , and I am thrilled that so many of you have registered and plan to attend. This year’s event promises to be our best yet, with exceptional speakers, networking opportunities, and of course, these newly announced customer awards.
Click here to enquire and check for their upcoming events, especially the 6th Annual Chief Procurement Officers Summit 2023. If you wish to go to this forum, then click here to enquire about the event. However, the pre-event begins in the afternoon of February 6. . SupplyChain USA 2023. Do not miss it!
However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supplychainresilience, and modernizing outdated operating models. Maintaining revenue and profitability depends on a resilient and adaptable supplychain.
Key Takeaways from the Institute for Supply Management news Amidst the latest developments in the world of supplychain, one significant event that caught the attention of many was the resolution of the Boeing machinists’ strike.
NMSDC’s economic output and job figures are astounding and their corporate members, sponsors, event attendees, and award recipients show a broad and rich representation across a wide swath of commercial industries. Organizations like NMSDC have shown how far the U.S.
Enhancing supplychainresilience as well as supplychain visibility is crucial in today’s interconnected world. SupplyChainResilience refers to a supplychain’s ability to withstand and recover from unexpected events.
In a world where geopolitical uncertainty is becoming commonplace, and retailers must stay resilient, leaders would be wise to apply a lesson from the past: make visibility an absolute priority. When Covid-19 first hit five years ago, retailers experienced the need for supplychainresilience.
This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.
Demand Surges and Cycles: Events like the end of Windows 10 support (2025), the post-pandemic PC refresh cycle, and spikes in demand for AI-enabled devices all create waves of buying that drive prices up, sometimes by double digits in a matter of weeks or months 6. Prime Day, Black Friday), only to rebound sharply afterward 3.
The complexity of today’s supplychain 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 supplychainresilience as a top priority.
The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supplychainresilience and continuity, reduce costs and protect the bottom line. Smart software shifts from drilling down on existing data to alerting up, so managers can respond to events or trends in real time. .
The global supplychain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supplychainresilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. .
Shoring up staff is a good way to increase supplychainresiliency, which companies are trying to do more of today to ensure theirs has what it takes to stay together when it's taxed in the future.
Many procurement teams are being asked to deliver value beyond savings alone , strengthening supplychainresilience, reducing compliance risk, and advancing ESG and sustainability goals, at greater speed and without headcount increases. On the demand side, there is pressure to do more with less.
These healthcare industry supplychain issues are equally urgent, and each require immediate attention. The good news is, it’s possible to alleviate these perilous pain points by building healthcare supplychainresilience.
In fact, 89% of businesses encountered a supplier risk event in the last five years. That’s where supplychain risk management software comes in. Nearly 53% of executives reported that the cost of these events had increased over the previous three years, with 13% claiming a significant increase.
Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. Tools like PLANERGY enhance supplychainresilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.
We were delighted to see an overwhelming show of support for the event, with a record-breaking turnout! Our speakers covered: Scope 3 emissions, Invoicing, SupplyChainResilience, Contract Management, Supplier Management, and the Procure-to-Pay Roadmap.
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