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

Procurement Templates

APRIL 15, 2024

Networking: Attend industry events and join procurement networks to stay updated on best practices and industry trends. Stage 6: Risk Management Days 51-60 Risk Assessment: Conduct a comprehensive risk assessment to identify potential risks related to suppliers, contracts, and operations.

Procurement team 130

Procurement team Contract management Innovation Suppliers 130

Procurement Heads

FEBRUARY 9, 2023

Increased focus on risk management Procurement professionals are also responsible for managing risk in the supply chain. With global events such as natural disasters, political instability, and trade tensions, the importance of risk management in procurement is becoming increasingly clear.

Procurement 130

Procurement Strategic sourcing Strategic sourcing supply chain budgeting 130

The Network Effect

JANUARY 13, 2017

The post Best Practices in Supply Chain Risk Management (SCRM) appeared first on The Network Effect. by Matt Kunkel, co-founder LogicGate It’s not something we like to think about, but supply chain disruption and disasters are.

Risk management 41

Risk management Risk Supply chain Management 41

Spend Matters

JANUARY 5, 2024

Navigating the Nexus: Supply chain risk and Scope 3 carbon emissions assessments Traditionally, the aim of managing supply chain risk was to increase the efficiency and cost-effectiveness of logistics networks. This makes it easier for enterprises to integrate Scope 3 data into their supply chain risk management solution.

Procurement solutions 94

Procurement solutions Supply Chain Efficiency Procurement Raw materials 94

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 83

Supply chain resilience Supply Chain Efficiency Risk management Risk 83

Procurement Templates

APRIL 15, 2024

The upside is that the work may be near perfect, the downside is that they lose the stakeholders on the way because it’s too lengthy or too technical Extraversion: Relationship Building: Extraverted individuals excel in social interactions and networking.

Influencing 130

Influencing Negotiation Risk Innovation 130

ivalua

NOVEMBER 26, 2020

Supply Chain Risk Management on the World Stage – Lessons Learned. While this strategy appears to be a viable solution, as there will be some shortening of supply chains moving forward, it is not realistic to expect that a vast global supply chain network will not continue to exist.

Agile and Lean Supply Chain 264

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy 264

Procurement Tactics

JUNE 5, 2023

Defining Global Supply Chain Global supply chain refers to the network of companies and resources involved in the production, distribution, and delivery of goods and services around the world. Organizations may also refer to them as global production networks or global value chains.

supply chain budgeting 192

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

Spend Matters

JUNE 20, 2023

This content does not express the views or opinions of Spend Matters In our previous installment on Spend Matters, we discussed the rapid evolution of Supply Chain Risk Management happening within procurement organizations. And so it should.

Risk 75

Risk supply chain software solutions Risk management Real-time Visibility 75

Spend Matters

AUGUST 29, 2022

Categories: Sponsored Article , Supplier Management , supplier networks , Supply Chain Management Tags: Sponsored Article In the modern world of business, outsourcing has become increasingly popular due to its multitude of benefits; from cost-saving to accessing specialized skill sets and resources. Read more. ).

Supply chain 122

Supply chain Supply chain management Supply chain management Supply 122

ivalua

APRIL 12, 2022

Procurement plays a key organizational role by ensuring compliance with Third Party Risk Management (TPRM) requirements, optimizing spend value, and leveraging a network of innovative suppliers.

Procurement 130

Procurement Procurement team Risk management Risk 130

Spend Matters

MARCH 28, 2023

Fortunately, predictive supply chain risk management solutions offer the next best thing: clear visibility and predictive insights to help procurement leaders avoid disruption, navigate regulatory compliance and save their company millions. Read more. )

Risk 95

Risk Supply chain Supply Risk management 95

Spend Matters

JANUARY 25, 2024

With the huge number of data and transactions running through our systems and business network , SAP is uniquely positioned to help organizations access the data they need, visualize it and take decisive action to drive their success.

Procurement solutions 73

Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 73

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.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

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. There seems to be a drive within procurement teams to understand their suppliers and the network of suppliers under their tier one suppliers.

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

SCMDOJO

OCTOBER 14, 2023

It comprises all elements from the origin (the raw material) to the consumption networks (end users). Initially, these were managed manually, but the intrusion of digital technologies revolutionized it. In contrast to other public blockchains, supply chain management blockchain is private and authorization-based.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 87

ivalua

NOVEMBER 12, 2019

“The integration of EcoVadis Sustainability Ratings with Ivalua Risk Center brings our mutual customers a powerful combination of insights to optimize procurement decisions, improve supply chain performance and create value.” The post Ivalua Launches Enhanced Third-Party Risk Management Capabilities appeared first on Ivalua.

Risk management 20

Risk management Risk Management Real-time Visibility 20

IBM Supply Chain Blog

APRIL 12, 2024

The first post of this series addressed the challenges of the energy transition with holistic grid asset management. The second post in this series addressed the integrated asset management platform and data exchange that unite business disciplines in different domains in one network.

Budget 79

Budget Risk Risk management Management 79

Supply Chain Collaborator

JUNE 25, 2020

-China trade war made supply chain leaders aware of the weaknesses of their globalized supply chains and question the logic of heavily outsourced, concentrated and interdependent networks. As a result, a new focus on network resilience and the idea of more regional manufacturing emerged.”. This strategy is not without its risks though.

supply chain software solutions 142

supply chain software solutions Supply chain Logistics Networking 142

Procurement Heads

AUGUST 4, 2022

Over the last three months I’ve seen a real spike in demand for Third Party Risk Managers and wider digital optimisation specialists, largely because of a sharp focus on Supply Assurity and Supplier Resilience; a need to drive performance, improve governance and interpret supplier data to drive value creation. “As

Data 130

Data Risk management Suppliers Supply chain 130

IBM Supply Chain Blog

SEPTEMBER 6, 2023

Modern enterprise networks are vast systems of remote and on-premises endpoints, locally installed software, cloud apps , and third-party services. Organizations rely on the vulnerability management process to head off these cyberthreats before they strike. The vulnerability management lifecycle Corporate networks are not static.

Management 102

Management Networking Risk Strategy 102

Procurement Heads

APRIL 26, 2023

In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers. I believe procurement’s focus will still be to protect margin, limit cost escalation and supply disruption, and provide proactive risk management solutions.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

In this really challenging environment, more emphasis has to be put on supplier risk management and building strong relationships with critical and strategic suppliers. I believe procurement’s focus will still be to protect margin, limit cost escalation and supply disruption, and provide proactive risk management solutions.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. For instance, one company is using a network of trusted suppliers built on IBM Blockchain® to provide product provenance for sustainably sourced shrimp.

Sourcing 99

Sourcing Strategy Supply Chain Efficiency e2e 99

Spend Matters

MARCH 18, 2024

Day one — which Spend Matters did not attend as it was for customers and partners only — consisted of solution-focused sessions covering various topics: AI and generative AI, risk management, external workforce management, etc. Regarding sustainability, the last customer presentation on the main stage was delivered by Northvolt.

Procurement 93

Procurement Raw materials Sustainability Risk 93

IBM Supply Chain Blog

MARCH 20, 2024

This is evident from emerging regulatory requirements and expectations in UK (Bank of England’s Critical Third-Party regime), Europe (Digital Operational Resilience Act)), Australia (APRA CPS-230 Operational Risk Management) and Canada (OSFI – Operational Resilience and Operational Risk Management), etc.

Risk management 76

Risk management Risk Data Import 76

NLPA (Next Level Purchasing Association)

NOVEMBER 16, 2022

NLPA designed the Supply Risk Ecosystem Framework to conceptualize supply landscapes regarding supply risks. The Supply Risks Ecosystem™ puts supply risks and the need for supply risk management into perspective. It is easy to fall victim to a siloed view of supply chain risks. Recommended Reading.

supply chain budgeting 52

supply chain budgeting Supply Risk management Risk 52

SCMDOJO

NOVEMBER 30, 2023

While not everyone may be capable of providing same-day or same-hour delivery like some of the big players in the delivery networks, ponder on other ways you can please your customers and distinguish your service. Hence, risk management is always a paramount concern.

supply chain software solutions 74

supply chain software solutions Supply Chain Efficiency Supply chain management Supply chain management 74

Procurement Leaders

MARCH 22, 2023

We’ve invested resources in specialist risk-management capability – which is a legacy of Covid, when we realised we needed a more systematic approach to mitigation planning. Finally, our transactional efficiency programme has been boosted by the appointment of a manager with a passion for automation and systems-thinking capability.

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Supply chain Suppliers 130

Spend Matters

NOVEMBER 9, 2022

As companies rush to address these disruptions, they look to supplier diversification as a risk management strategy in addition to its pre-established role in tackling social responsibility. To customers — Its customers benefit from its experience serving its network of 1.7 Here’s why Supplier.io

Suppliers 75

Suppliers Risk management Supply chain Buyers 75

Zycus Cognitive Procurement

MAY 31, 2022

According to their findings, only 20% of organizations continuously monitor risk activity. This is a major concern, especially in the manufacturing domain where risk management has detrimental effects on their end customers. Need for Supply Chain Risk. 4) Comprehensive view of supplier risk profiles.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Risk Supply chain 52

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? It should be considered an essential part of an organization’s wider risk management strategy. What are the benefits of supplier risk management?

Risk management 52

Risk management Risk Suppliers Management 52

Supply Chain Game Changer

AUGUST 11, 2021

According to Sangfor Technologies , a network security solutions company, “response and recovery” should not be exclusive to internal technological installations. Thus, IT departments should not allow employee-owned devices to access the corporate data network unless routed through a virtual private network (VPN).

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain software solutions Supply chain Supply 98

Art of Procurement

APRIL 6, 2023

In August of 2022, the relationship between FedEx Ground and their network of delivery contractors looked like it was about. The post [Pod] Case Dismissed: Spencer Patton Prevails Over FedEx appeared first on Art of Procurement.

Networking 136

Networking Procurement Risk management Contract 136

Spend Matters

SEPTEMBER 19, 2023

As natural disasters are increasing in frequency and magnitude, the implications for supply chain risk management can be overwhelming. communications network, and access to modern healthcare services.

Supply chain 100

Supply chain Supply chain resilience Supply Risk 100

IBM Supply Chain Blog

DECEMBER 4, 2023

AI Ethics Focal Points: business unit representatives trained in AI ethics, who act as points of first contact to identify concerns, mitigate related risks for each use case and escalate issues to the AI Ethics Board where required. It helps accelerate responsible, transparent and explainable AI workflows.

Ethics 78

Ethics Risk Networking Risk management 78