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How Risk Management Software is Transforming 3 Industries!

Supply Chain Game Changer

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. Subscribe Here!

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It’s Time to Rethink Supply Chain Risk Management

ivalua

Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks. Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. Stockpiling inventory has been the most common response. Improving Supplier Collaboration.

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Inventory Pressures, Visibility Improvements Among Issues Challenging Supply Chain Managers

SCMR (Supply Chain Management Review)

Companies are facing the desire to increase inventory risk management strategies while balancing cash flow needs according to a new McKinsey survey.

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Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

That’s why companies are always looking for new ways to streamline and increase efficiencies while also mitigating the risk within their supply chain. From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. Understanding Supplier Risk Management.

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Treasure Hunting with TJX

Art of Procurement

Inventory misalignment has dragged down revenue and working capital. The last few years have not been kind to retailers. The post Treasure Hunting with TJX appeared first on Art of Procurement.

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Supply Chain Department – A Typical Structure

SCMDOJO

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Risk Management The department can proactively identify and address potential risks in the supply chain, such as material shortages, natural disasters, or political instability.

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Procurement’s New Year resolutions for tackling supplier risk

Spend Matters

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. The list goes on.

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