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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.

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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

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Digital Procurement Tools: How much do they cost?

Procurement Software

Likely will have supplier onboarding module with some basic due diligence features or document repository. Enterprise-level spend analytics software can easily be purchased within this price bracket. This will typically offer supplier audit, supplier onboarding and supplier due diligence modules.

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The Key Benefits of Outsourcing to Managed Procurement Services

Empowering CPO

These experts don’t just handle the purchasing, but they also bring in their knowledge, skills, and technology to streamline the process, manage risks, and ultimately, unlock greater value for the business. Our contract management and supplier relationship management services help manage the risks associated with procurement.

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Predictive Procurement: Overcoming Challenges in Health and Pharma

Arkestro

Predictive Procurement Supports Supply Chain Resilience and Visibility. Arkestro’s Predictive Procurement Orchestration platform manages all aspects of the procurement process, from real-time conversations with stakeholders and suppliers to supplier relationship management.

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Friends not Foes, Supplier Relationships Made to Last

ivalua

Conversely, some Procurement departments have discovered that non-strategic suppliers, or even tier two suppliers, offer them innovative solutions to alleviate the shortage. Learning from Supplier Relationships. Do you really know what your Suppliers do? Why is Supplier Information so important?

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

Common models include the ‘three-bid and buy’, where the company seeks quotes from three suppliers and then selects one based on price and other factors; and the ‘preferred supplier’ model, where the company forms long-term relationships with certain suppliers.