article thumbnail

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain 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. Create speed and transparency.

article thumbnail

Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

ivalua

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Supply Chain Resilience Strategy: Everything You Need to Know

ProcurePort

For a long while, businesses have sought to minimize their fixed costs in sourcing. The post Supply Chain Resilience Strategy: Everything You Need to Know appeared first on ProcurePort Blog. The impact of unexpected disruptions should not result in wholesome halting and devastating losses to the affected businesses.

article thumbnail

Driving Supply Chain Resilience with Rolls Royce and Ivalua

ivalua

The past 18 months has shined a light on the criticality of an effective supply chain and procurement management. COVID-19 had an almost immediate impact on supply chains, as factories closed down and transport was restricted and organizations tried to pivot to remote work. View Full Replay.

article thumbnail

How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. The result was a year-over-year savings of more than 3%.

article thumbnail

Nearshoring on the Rise: Navigating the Shift in EU Sourcing Trends

Supply Chain Brain

A shift to shorter supply chains not only helps manage the unpredictability of costs, but also strengthens supply chain resilience by reducing dependency on distant suppliers.

article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.

Price 264