Spend Matters

NOVEMBER 14, 2024

The risk events of 2020 and their impact on business/supply continuity showed how organizations with strong relationships with their strategic suppliers can perform better than those without. They were often given access to resources (manpower, inventory, raw materials, etc.) when others were not.

Suppliers 117

Suppliers Raw materials Collaboration Management 117

SCMDOJO

FEBRUARY 15, 2025

How to Apply the Principles to Supply Chain Risk Mitigation Identify and Assess Risks Risk management is a fundamental aspect of supply chain operations and is essential for minimizing disruptions. Businesses can use risk modeling software to test various scenarios and evaluate their impact on their operations.

Project management 84

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 84

Spend Matters

APRIL 15, 2025

Manufacturing and industrials: Strengthening the supply chain backbone In the manufacturing world, procurement is about much more than just tracking spend its the heartbeat of supply chain management.

Real-time Visibility 72

Real-time Visibility Procurement e2e Supply Chain Efficiency 72

Procurement Insights

APRIL 27, 2025

Tariffs) ESG Compliance Supplier Relationships AI Solution Selection Energy & Utilities Supply Chain Resilience ESG Compliance Infrastructure Constraints Supplier Relationships AI Solution Selection Pharmaceutical Supply Chain Resilience Regulatory/ESG Compliance Supplier Relationships AI Solution Selection Tariffs Food & Beverage Mfg.

Supply chain resilience 52

Supply chain resilience Supply chain Raw materials Procurement 52

Procurement Insights

FEBRUARY 18, 2025

Fragmented Supplier Networks & Lack of Standardization Why It’s a Challenge: Packaging companies work with diverse suppliers , including raw material providers (paper, plastics, metals), logistics partners, and contract manufacturers. However, several challenges hinder progress in this area.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Spend Matters

JANUARY 2, 2024

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.

Risk 111

Risk Suppliers Raw materials Risk management 111

Spend Matters

APRIL 4, 2024

As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management. Halo Ai addresses third-party risk management problems by consolidating supplier data into one platform with the goal of becoming a one-stop-shop for TPRM.

Procurement 113

Procurement Raw materials Risk management supply chain software solutions 113

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 113

Procurement solutions Supply Chain Efficiency Procurement Raw materials 113

Procurement Templates

JUNE 18, 2023

It can be due to factors such as rising wages, higher raw material prices, or increased taxes. Cost modeling: Develop cost models that consider various cost drivers, such as labor, raw materials, and energy. Risk management: Implement robust risk management practices that address inflation-related risks.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Tactics

JUNE 5, 2023

For instance, if an organization in Europe sources raw materials from India, manufactures the product in China, and sells it to customers in its country, then its supply chain is global. Successfully managing these complexities requires robust strategies and effective risk management measures.

supply chain budgeting 192

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

Spend Matters

OCTOBER 16, 2024

Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes financial risk? Financial risk is inherent to the business uncertainties every company faces. Specific risks pertain to certain markets and industries. And see our definitions of risk here.

Risk 117

Risk Risk management Suppliers Raw materials 117

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

TYA Suite

MAY 13, 2025

These are typically routine or recurring purchasessuch as office supplies, raw materials, tools, or maintenance servicesthat support the companys ongoing operations. This step often begins with employees or departments noticing a shortfall, whether its raw materials for production, office supplies, or maintenance equipment.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

Jaggaer

APRIL 9, 2025

The Manufacturing Supply Chain Journey through AI and Automation Manufacturing Supply Chains Explained The manufacturing supply chain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

Procurement Leaders

DECEMBER 9, 2022

We are proactively communicating with top management to provide a heads-up in terms of financial target planning and support for action planning – both in terms of macro updates and raw-material price impacts.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Value Match

JUNE 13, 2022

Agriculture ministers from the G7 have criticised the decision stating “If everyone starts to impose export restrictions or to close markets, that would worsen the crisis” More countries are banning exports of essential ingredients and supply chain risk management and food safety is a critical and growing concern in today’s environment.

Risk management 52

Risk management Supply Chain Efficiency Risk Supply chain 52

SCMDOJO

JUNE 14, 2024

Supply Chain Visibility: Gain insights into the real-time status of your supply chain, from raw materials to finished goods delivery. Supply Chain Risk Management: Identify and mitigate potential risks that can disrupt your supply chain, including natural disasters, political instability, and supplier disruptions.

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 105

Procurement Insights

APRIL 18, 2025

This underscores the need for different procurement strategies, risk management, and technology solutions for indirect MRO spend versus direct materials 3 5. “The scarcity of spare parts, including new, repaired, and used serviceable materials (USM)” is affecting these critical systems.

Price 75

Price Demand Supply chain Real-time Visibility 75

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 119

Procurement Raw materials Sustainability Risk 119

Supply Chain Game Changer

FEBRUARY 25, 2022

With the increasing number and frequency of potential causes of disruption, it has become necessary to get third-party liability insurance to protect your business from unpredictable risk. As part of a company’s overall risk management strategy, it would be wise to consider getting insurance against disruptive events and activities.

Supply chain 94

Supply chain Raw materials Supply Risk 94

Skill Dynamics

FEBRUARY 13, 2025

Upskilling in more strategic skills , such as risk management or sustainable sourcing, will lead to improved efficiency and innovation within your supply chain, while also providing your staff with career advancement opportunities increasing the likelihood of employee retention. What Is an End-to-End Supply Chain?

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 52

Procurement Leaders

DECEMBER 9, 2022

In the pharmaceutical world, it is very difficult and effort-consuming to change the supplier base of raw materials, meaning that supplier relationships are paramount. How important are supplier relationships to you in achieving your goals, especially during times of crisis? Why are they so important?

Suppliers 147

Suppliers Bill of materials Raw materials Supplier relationship management 147

Procurement Tactics

SEPTEMBER 19, 2022

Commonly, sustainability initiatives include identifying the source of raw materials, ensuring a safe workplace for employees, and reducing carbon emissions. . It offers a sustainable procurement impact assessment to identify spend categories with the most opportunity and risk. .

Sustainability 130

Sustainability supply chain software solutions Supply chain Supply 130

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. It manages pre-designed events for managing financial issues or transactions securely.

Supply Chain Efficiency 105

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 105

Procurement Leaders

JUNE 10, 2024

Visibility is only the raw material, the platform on which to build resilience-based strategies. A recent call with Procurement Leaders’ Risk and Sustainability Strategy Cohort provided a good example of the type of work required to build resiliency in supply chains.

e2e 100

e2e Real-time Visibility Supply Chain Efficiency Raw materials 100

Procurement Templates

SEPTEMBER 14, 2023

Life cycle assessments (LCAs) evaluate the environmental effects of a product from raw material extraction to disposal. Resource Conservation : Assess how suppliers manage and reduce resource consumption, including water, energy, and raw materials.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Supply Chain Game Changer

SEPTEMBER 14, 2021

Investopedia succinctly describes JIT as “a management strategy that aligns raw-material orders from suppliers directly with production schedules. ” As the name states, raw materials are introduced to the production process just as they are needed, and not before. How Just In Time Works.

Raw materials 81

Raw materials Real-time Visibility Supply Chain Efficiency Supply Chain Optimization 81

SCMDOJO

JUNE 17, 2024

Building Resilience in the Supply Chain Risk Assessment and Mitigation To build resilience, start with comprehensive risk assessments to identify potential vulnerabilities. Maintain an updated risk inventory that includes historical data, current threats, and emerging risks.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

SCMDOJO

APRIL 24, 2024

The end customers can open detailed information about a product’s journey, so they can find everything about its carbon footprint, labor conditions, and even raw material sourcing. For example, you can scan a QR code on a product and instantly access its entire journey from raw materials to the store shelf.

Supply Chain Efficiency 82

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 82

Procurement Heads

JUNE 28, 2022

This is particularly the case where businesses are looking for answers across the organisation to some of the challenges they have – whether those be inflation, supply security, availability of raw materials etc, the organisation is asking, ‘Who can help us explain what the situation is to our customers and consumers?’ ‘Who

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

Procurement Insights

APRIL 9, 2025

Predictive Risk Mitigation Challenge : Reactive risk management leads to costly supply chain failures. Agent-Based Solution : AI agents analyze historical and real-time data to predict risks (e.g., Example : Agents optimize raw material sourcing based on fluctuating commodity prices, achieving 1015% cost savings annually.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Agile and Lean Supply Chain 52

Planergy

MAY 8, 2025

This has helped boost transformation success by 42% , as workflows become easier to manage and adopt across departments.[7] 9] Risk mitigation is another driver. Predictive tools help teams flag supplier vulnerabilities early and make smarter sourcing decisionsleading to a 20% improvement in risk management outcomes.[7]

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

Supply Chain Game Changer

MAY 19, 2022

There’s a rising demand for raw materials and products and inadequate drivers to ship products. Either option creates opportunities for better consistency, improved risk management, and better professional relationships. These challenges have a detrimental impact on timely deliveries.

supply chain budgeting 95

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 95

SCMDOJO

SEPTEMBER 24, 2024

Risk Management : Outsourcing exposes companies to risks such as supply chain interruptions, price fluctuations, or geopolitical issues. Internal production mitigates these risks but requires more resources and limits the company’s ability to scale rapidly.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

ivalua

APRIL 11, 2019

He also outlined the road map for the next two years, and it’s clear Ivalua is seeking to be right up there at the leading edge of capability across the whole platform, from risk management to advanced sourcing options. The Future of Procurement” is not a wholly original title, but the next session from Natacha Tréhan was excellent.

Bill of materials 100

Bill of materials Raw materials Suppliers Procurement 100

SCMDOJO

APRIL 22, 2024

Supply Chain Risk Management, or (SCRM for short), is an already expanding industry, and with artificial intelligence becoming more intelligent by the day, it’s going to be an integral part of any supply chain analysis. From natural disasters to cyberattacks and pandemics, the risks are varied and significant.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 98