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Introducing the Craft Supplier Risk Management Platform

Supply Chain Brain

Craft is launching a user-friendly, configurable supplier risk management (SRM) platform designed for team collaboration and proactive risk mitigation.

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What is the importance of risk management to procurement?

ProcurePort

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. appeared first on ProcurePort Blog.

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Risk Management in the Procurement of Innovation

ProcurePort

The challenge for managers is to identify the risk for all parties involved and quantify it. The post Risk Management in the Procurement of Innovation appeared first on ProcurePort Blog. They must then move on and assess the necessary mitigating actions to be […].

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Meet AI in Risk Management

Spend Matters

Today we cover the Risk Management market. Providers that provided input on AI in risk management are: Airbase, apexanalytix, Arkestro, CategoryAI Inc., The post Meet AI in Risk Management appeared first on Spend Matters. Coupa, ebidtopay, Forestreet, GEP, Interos, Prevalent, Inc.,

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

The paper highlights real-world examples and use cases that demonstrate generative AI's transformative effects on operational efficiency, risk management, and cost reduction.

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How Supply Chain Organizations are Leveraging Data Analytics to Improve Risk Management

Supply Chain Brain

Supply chain organizations that prioritize safety and risk management through data analytics, telematics, and newer equipment position themselves as competitive leaders.

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Three Ways to Enhance Procurement Value Through Risk Management

Supply Chain Brain

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.