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In 2025, the world of supplychainmanagement continues to evolve, with technology playing an increasingly vital role in risk mitigation. As businesses face growing complexities in logistics, compliance, and…
To round off that perspective we’d like to engage the thoughts of the solution providers themselves, particularly in terms of how they believe their customers perceive risk and what they want from today’s solutions. Visit our In-Depth Guide to RiskManagement for an explanation of this complex environment.
To round off that perspective, we’d like to engage the thoughts of the solution providers themselves, particularly in terms of how they believe their customers perceive risk and what they want from today’s solutions. Visit our In-Depth Guide to RiskManagement for an explanation of this complex environment.
A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. Today, just the combination of the words risk, environment and supplychain make the practitioner sit up and think differently.
Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and riskmanagement. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supplychain disruptions and geopolitical tensions.
As part of our series on all aspects of riskmanagement, we are taking a look at the digital capabilities of risk solutions (supplier riskmanagement, TPRM and SCRM). Risk governance: Risk identification and sensing; Risk analysis and evaluation; Risk treatment and mitigation; Risk monitoring; Incident management.
Supplychains around the world are struggling as they face major shifts to production, the movement of goods, modes of transport, and the people who keep everything running. The coronavirus…
In part 3 we look at the tech that can support Procurement in tariff management. Effective and efficient tariff management is rooted in robust direct materials and supplychainriskmanagement.
The recent worldwide turmoil due to the pandemic has forced organizations to rethink their supplychain strategy. Particularly, right now there is no room for supplychainmanagers to let…
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g.,
As part of our third-party/supplychainriskmanagement (TPRM/SCRM) series, today we address the ROI of riskmanagement. As we inferred in our exploration of the types and sources of risk, riskmanagement done well can reap rewards, just as riskmanagement ignored can reap chaos.
Supplychain organizations that prioritize safety and riskmanagement through data analytics, telematics, and newer equipment position themselves as competitive leaders.
As part of our theme this quarter on Procurement’s role and value in supplychainriskmanagement, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways.
In the vast sea of supplychain information, which SCMDOJO supplychain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supplychain knowledge and give you a competitive edge. Read In Detail About Procurement Department Here 2.
This dependency, while essential, introduces potential risks that can lead to operational delays, regulatory penalties and financial instability if not effectively managed. This content is for members only.
Best-in-Class for Healthcare SupplyChainManagement? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
However, even a dip into the risks procurement professionals face can leave readers drowning in a sea of terms, definitions and acronyms. To help those still orienting themselves to the landscape of risk, we’ve broken down the main terms used to describe the various aspects of managingrisk. What is a risk?
Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.
For this year’s Spend Matters Fall 2024 SolutionMap release – our comprehensive methodology designed to help organizations evaluate and select procurement solutions – we launched a new module: third-party (and supplychain) riskmanagement (TPRM and SCRM).
Holistic RiskManagement Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supplychain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. appeared first on ProcurePort Blog.
Global conflicts, macroeconomic shocks, and shifting global trade routes are all combining to provide real challenges to modern supplychains, and are driving the uncertainty that organizations feel. Companies often struggle to plan for such challenges, which is why developing a strong and resilient supplychain team is so important.
The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supplychain.
Supplychains are the backbone of global trade that ensure the smooth movement of goods and materials across industries. One of the most effective strategies for building resilience is integrating project management into supplychain operations. Enhance visibility across the supplychain through structured reports.
This introduction to supplier riskmanagement outlines the importance of effectively identifying and managingrisks that may arise from suppliers. Supplier riskmanagement is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations.
As part of our third-party/supplychainriskmanagement (TPRM/SCRM) series, today we address the riskmanagement landscape. Many solutions exist to managerisk in its broadest definition. However, they don’t necessarily all have the same focus and capabilities.
First Name Email Download 51 Prompts → Or receive our famous weekly newsletter Global SupplyChain — Everything About SupplyChain Global supplychain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.
Resilience in supplychainmanagement is essential for keeping businesses steady amid global disruptions like natural disasters, geopolitical shifts and economic shocks. Companies that build resilient supplychains are better…
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience 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. Work to achieve 100% supplychain visibility.
To improve resilience and business continuity in the face of pandemics, wars, natural disasters and other supplychain vulnerabilities, businesses are adopting comprehensive supplier risk-management initiatives.
What is Halo Ai HaloAi is a third-party riskmanagement (TPRM) solution that aims to be a one-stop shop for third-party risk so that organizations do not need multiple point solutions. Halo Ai uses AI models to connect, correlate and contextualize real-time data points to bring customers the full risk story.
In this Spend Matters Vendor Analysis, we give an overview of Exiger, a solution built to reduce risks in supplychains. Exiger enables customers to cover a range of use cases, from risk detection and mitigation to multi-tier supplychain mapping, material price benchmarking, reporting and compliance with legal regulations.
In this Spend Matters Insider Vendor Analysis Update, we give an updated and more complete overview of Resilinc (originally briefly covered in 2022), a solution built to reduce risks in supplychains to make them more resilient. Supplychains have been the focus of much news in the last few years.
Industries around the globe are reaping the benefits, including the construction supplychain. AI technology continues to take the world by storm with its innovative tools and revolutionary systems. AI…
Maja Tepeh , Senior Brand Manager at supplychainriskmanagement solution Prewave , shares what their customers are looking for from their digital procurement investment. However, the cost avoidance from mitigating ESG-related supplychainrisks, such as regulatory fines or disruptions, is equally important.
When we talk about reputational risk, we refer to damage to a company’s name or brand resulting from the negative actions (inadvertent or not) of a top-tier supplier or sub-tier part of the supplychain. Find our in-depth guide to third-party and supplychainriskmanagement with accompanying free download here.
Supplychain reports offer a comprehensive view of your entire supplychain operation. What are SupplyChain Reports? However, implementing inventory management techniques such as ABC analysis and safety stock to optimize stock levels and minimize the risk of stockouts.
Like every industry Procurement & SupplyChain 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. Do you remember the days when we used to attend these things called “conferences”? Crazy, wasn’t it! .
Sourcing consultants now… The post RiskManagement Strategies From Leading Sourcing Consultants first appeared on Procurement Blog | Procurement & SupplyChain News. Market uncertainties across the globe have transformed how businesses approach procurement practices.
When vetting potential suppliers and customers, it's vital to assess their risk-management profiles and strategies, says Danny Thompson, chief product officer at apexanalytix.
“Geopolitical crises, supplychain disruption, inflation – all of those, of course, are a problem. But they all come, to me, under the category of risk. “The executive team has acknowledged the procurement team’s work in keeping product on the shelf, managing cost and managing inflation.
“Despite my team’s tireless efforts to resolve outstanding issues and improve vendor partnerships, it became evident that a more holistic, integrated approach to risk profiling was essential to manage third-party risk effectively. What are Halo Ai’s greatest strengths? What is the road ahead for Halo Ai?
This Spend Matters Vendor Analysis provides an overview of Halo Ai and its solution for third party riskmanagement. Third-party riskmanagement (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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