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Manufacturers Must Seek Better Supply Chain Visibility

ivalua

Unfortunately for manufacturers, there are many areas in need of improved visibility such as customer demand, inventory, total cost, and supplier risk. There are two initiatives that we believe manufacturers should elevate to the top of the priority list for their company: tracing the upstream supply chain and supplier capacity management.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

“As you add tools and technologies to try to solve these challenges, the landscape becomes very complex, creating data silos that limit stakeholders’ access to the data they need to understand supplier capacities and forecast effectively.” Nurture Supplier Relationships to Support Agility and Resilience.

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Risk Management in Procurement: Strategies and Tools for Success

Empowering CPO

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Some examples include supplier capacity constraints, raw material shortages, transportation disruptions, and natural disasters.

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Why Procurement Pros need to understand Contracts

World of Procurement blog

However, to keep this simple, it is usually the exchange of the Buyer's finances for goods or services by the Supplier. Capacity isn’t about whether or not the Supplier can fulfil the order. That is a question you should be asking your Suppliers especially in a Competitive Tender/Request for Proposal.