Supply Chain Brain

FEBRUARY 10, 2023

And as waves of disruption continue to crash down on supply chains, supply chain risk management has never been more important. Disruption has become a constant.

Risk management 52

Risk management Risk Supply chain Management 52

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. The post In the Middle East, the Need for Risk Management Guides the Transformation Journey to Procurement 4.0

Risk management 130

Risk management Risk Supply Chain Efficiency Management 130

Bonfire

MARCH 17, 2023

Keep reading for a checklist to help you optimize procurement compliance and internal risk management. Internal client education Educating internal clients on procurement compliance is incredibly important—which all our panelists echoed. Find the summary of their advice in this article or watch the full conversation here.

Risk management 52

Risk management Risk Management Procurement 52

Spend Matters

FEBRUARY 13, 2023

Therefore, creating a digital twin of a supply chain to identify, mitigate and monitor risks at all times is of ever-increasing importance for organizations that want to risk-adjust their supply chain. Also, the performance of the fulfillment process is a critical input to the continuous optimization of the supply/supplier base.

Risk management 74

Risk management Supply Chain Optimization Risk Supply chain 74

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. Regular training programs on risks for your company and fast-response drills are integral to being ready when something goes wrong.

Risk management 52

Risk management Risk Strategy Supply chain 52

Supply Chain Game Changer

JANUARY 30, 2020

Around a decade ago, the main risks were component shortages, supplier failures and commodity price volatility, though by 2017, these had evolved into three distinct groups including: IT security incidents Supplier facility destruction due to natural disaster Geopolitical concerns such as war and terrorism. Case Building for Risk Management.

Risk management 71

Risk management Supply Chain Efficiency Risk Supply chain 71

Zycus Cognitive Procurement

AUGUST 29, 2022

With government organizations using entire suites with AI incorporated, it is a process that is being digitized to achieve ease of operations as well as better compliance and risk management. As a government organization, it is all the more important to contract with suppliers that can hold up to regulations and other statutory rules.

Risk management 52

Risk management Risk Suppliers Management 52

The Procuretech Podcast

JULY 25, 2023

In this episode of the Procuretech Podcast, host James Meads is joined once more by Ward Karson, Chief Operating Officer of Raindrop – an enterprise spend management suite based in California. Today they discuss the pros and cons of tackling supplier risk management from within an S2P Suite. Introducing Raindrop. The letter 'P'.

Risk management 40

Risk management Risk Suppliers Management 40

Supply Chain Game Changer

FEBRUARY 5, 2020

AI + Data = Supply Chain Risk Management. It will have specific attributes that render it searchable for a reader interested in learning more about the topic of focus; in this case AI, Data, and Supply Chain Risk Management. The post AI + Data = Supply Chain Risk Management! not so scary after all, huh? #AI

Risk management 73

Risk management supply chain software solutions Supply Chain Efficiency Data 73

Art of Procurement

FEBRUARY 14, 2023

The post Revisiting the Importance of Supplier Watchlists appeared first on Art of Procurement. When the Chinese surveillance balloon was finally ‘removed’ from the sky over the Atlantic Ocean on February 4th, we all.

Import 96

Import Suppliers Procurement Risk management 96

Zycus Cognitive Procurement

DECEMBER 9, 2020

The pandemic has taught us supply chain professionals a precious lesson in supply chain risk management. The increased complexity of supply chains and global nature has expanded the scope of supply chain risk management. The expanded scope of risks. Pitfalls of Legacy Supplier Risk Management Tools.

Risk management 52

Risk management Risk Suppliers Management 52

Value Match

JUNE 13, 2022

Agriculture ministers from the G7 have criticised the decision stating “If everyone starts to impose export restrictions or to close markets, that would worsen the crisis” More countries are banning exports of essential ingredients and supply chain risk management and food safety is a critical and growing concern in today’s environment.

Risk management 52

Risk management Supply Chain Efficiency Risk Supply chain 52

Supply Chain Brain

APRIL 25, 2024

Risk-management initiatives are so important that the C-suite must reassess and rebuild agile, resilient supply chains, says Lisa Morales-Hellebo, founder and managing general partner of Refashiond Ventures.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Risk Supply chain Risk management 59

NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply Risk Checklist Vendor Risk Management Your Business Strategy Is Foolproof, Right? 10 Strategies for Improving Supplier Relationship Management SRM You Do Have A Late-Stage Negotiation Strategy, Don’t You? Visit NLPA Learning , the new home to all our certifications and online courses.

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility supply chain budgeting Supply Chain Optimization 52

SCMDOJO

JUNE 6, 2023

Continuous Improvement & Risk Management Analytics helps make continuous improvement easier by providing businesses with data-driven insights. By analyzing supply chain data, businesses can detect anomalies, potential risks, and deviations from their standard operating procedures. Download from the below link.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Supply Chain Game Changer

FEBRUARY 25, 2022

The post 9 Important Elements of Business Planning! Elements of business planning article and permission to publish here provided by Marlene Coleman. Originally written for Supply Chain Game Changer and published on February 25, 2022. appeared first on Supply Chain Game Changer™.

Import 107

Import supply chain budgeting Budget Supply chain 107

ProcurePort

JANUARY 5, 2022

Procurement plays an important function when organizations are trying to buy goods and services in the most efficient manner. Procurement risk management is the mitigation of any foreseen or unforeseen problems in the acquisition of goods and services for the organization.

Risk 130

Risk Procurement Risk management Import 130

Procurement Leaders

JANUARY 16, 2023

So, how we manage risk is what keeps me up at night… We try to be robust as a procurement organisation because, as a commodities company, risk is a part of our everyday life: we can have a crop failure, we can have a delivery failure, we can have a quality failure, so how do we handle that?”

Risk 246

Risk Management Risk management Strategic planning 246

The Procuretech Podcast

OCTOBER 12, 2021

Hot Digital Procurement and Supply Chain Startups in the ESG and Risk Management Space. On this episode, we’re looking at startups whose mission is solving problems in the rapidly growing and increasingly important ESG and Risk Management area. Next up is Harald Nitschinger, CEO of risk management solution Prewave.

Risk management 40

Risk management Risk Supply Chain Efficiency Management 40

Barkers Procurement

MAY 25, 2023

The importance is to look at Tail Spend in a collective manner. View more Let Barkers support your tail spend management Contact Us The post Tail Spend Management and Why It Is So Important For Your Business appeared first on Barkers.

Spend management 52

Spend management Import Management Eprocurement 52

Empowering CPO

JUNE 16, 2023

Importance of Spend Analysis in Procurement In the context of procurement, spend analysis is an invaluable tool. The Importance of Spend Analysis in Procurement In today’s competitive business landscape, the strategic significance of procurement can’t be overstated.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

ivalua

MARCH 16, 2022

Not surprisingly, risk management and cost reduction are considered the most important priorities for Procurement professionals (see image 1). . Risk Management is Top of Mind. On the increased importance of managing risk. CEO Risk Management Priorities. Main Corporate Risks.

Procurement 130

Procurement Risk management Procurement team Risk 130

Spend Matters

JANUARY 31, 2024

It offers a comprehensive risk assessment product that encompasses various risk dimensions, including operational risks (business continuity) and sustainability. to get fast implementation and ROI while not adding even more tasks on the shoulders of already very busy teams.

Risk management 93

Risk management Risk Sustainability Supply chain 93

Procurement Leaders

MARCH 10, 2023

Risk has become an increasingly important focus for Stockholm-headquartered consumer goods giant Electrolux, which has thousands of Tier-1 suppliers. For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function.

Collaboration 147

Collaboration Supply chain Management Risk management 147

Procurement Heads

FEBRUARY 9, 2023

Importance of strategic sourcing As businesses become more focused on sustainability and ethical sourcing, the importance of strategic sourcing will only continue to grow. Increased focus on risk management Procurement professionals are also responsible for managing risk in the supply chain.

Procurement 130

Procurement Strategic sourcing Strategic sourcing supply chain budgeting 130

Procurement Tactics

APRIL 5, 2023

Additionally, we will tell you the growing importance of sustainability and the drivers behind why many businesses embrace it. Additionally, you will be able to know how important it is to integrate sustainability into your procurement processes. Sustainability is also an important factor in corporate social responsibility.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Procurement Leaders

FEBRUARY 3, 2023

And the most important thing is the cultural change, the mindset change we have been making for the last few years is we should be business people, not procurement people. Price is important, but during the last two years price was the last of our concerns. It was security of supply, risk management, understanding our supply chain.

Risk 130

Risk Risk management Import Price 130

Spend Matters

JANUARY 29, 2024

Although Sphera (the company, not the SCRM module) is a few years younger than riskmethods, it acquired riskmethods in 2022 to complete its ESG-focused offering with risk management capabilities. Sphera SCRM is the new name of riskmethods, an SCRM specialist that was founded in 2013 and has been extensively covered by Spend Matters.

Supply chain resilience 82

Supply chain resilience Supply Chain Efficiency Risk management Risk 82

Procurement Tactics

JUNE 5, 2023

We will discuss why it is important and the benefits you can gain from the global supply chain. The use of advanced technologies and logistics strategies is often necessary to manage the complexity and risks associated with a global supply chain. Why is it Important? However, What is it?

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Procurement Tactics

JUNE 6, 2023

However, how important is it in the supply chain? We will tell you its importance in the supply chain and how the blockage severely impacts the supply chain. Once you are done reading this article, you will know how important the Suez Canal is in international trade. In this article, we will discuss what the Suez Canal is.

Supply chain 204

Supply chain Supply Negotiation Import 204

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. Why is visibility so important? Be proactive to mitigate supply chain risk by understanding your suppliers.

Supply chain resilience 242

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

ivalua

JANUARY 29, 2021

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. The feedback from the survey was that process adaption and change management are the most important factors.

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

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.

Risk 79

Risk Suppliers Raw materials Risk management 79

Spend Matters

AUGUST 29, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the development of dark web monitoring as a tool in cyber supply chain risk management. This is despite the years of examples for why procurement needs a more proactive cyber supply chain risk management (C-SCRM) strategy.

supply chain software solutions 93

supply chain software solutions Risk management Risk Supply chain 93

Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Risk Management Through Commodity Trading, producers and consumers can be exposed to the price volatility of commodities. What is the Significance of Commodity Trading?

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Spend Matters

MARCH 17, 2023

Indeed, procurement should no longer just look at its “part-time” job in risk management from the vantage point of only “supply risk," i.e., physical or labor supply risk. The other two key factors that procurement MUST manage from a risk perspective with its suppliers include the financial supply chain (i.e.,

Suppliers 77

Suppliers Management Procurement Risk management 77

Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. However, to have robust contract risk management, you must know the risk posed by the contract.

Contract 156

Contract Sourcing Purchase orders Bidding 156