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Risk management Suppliers Supply Chain Visibility 
Spend Matters
NOVEMBER 19, 2024
To round off that perspective, we’d like to engage the thoughts of the solution providers themselves, particularly in terms of how they believe their customers perceive risk and what they want from today’s solutions. Visit our In-Depth Guide to Risk Management for an explanation of this complex environment.
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Spend Matters
OCTOBER 31, 2024
To round off that perspective we’d like to engage the thoughts of the solution providers themselves, particularly in terms of how they believe their customers perceive risk and what they want from today’s solutions. Visit our In-Depth Guide to Risk Management for an explanation of this complex environment.
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Spend Matters
NOVEMBER 20, 2024
In today’s interconnected global business environment, supply chain risk management (SCRM) has emerged as a critical discipline for organizations striving to maintain operational continuity and a competitive advantage.
ivalua
MAY 29, 2025
Key Takeaways Procurement and supply chain management serve different functions, but when misaligned, they create costly inefficiencies and delays. Lack of shared data, visibility, and KPIs leads to disconnects, including poor supplier performance tracking and missed savings.
ivalua
MAY 10, 2025
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. It should also strengthen supply chain collaboration across global supply chains, multi-tier supplier networks, and high-value contracts.
SCMDOJO
MAY 7, 2024
However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events.
TYA Suite
MAY 23, 2025
Managing a successful supply chain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Supplier collaboration is essential for optimizing supply chain performance and achieving long-term business success.
ivalua
FEBRUARY 8, 2023
As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.
Spend Matters
SEPTEMBER 1, 2022
Over the coming weeks, our risk series will cover vendors within the following risk categories: Financial Risk & Supplier Risk. Supply Chain Risk. Supplier Management Non-Suites. Supplier Management Suites. Contract Risk Management.
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SCMDOJO
FEBRUARY 16, 2025
The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting. Agentic AI takes this a step further by enabling autonomous supply chain systems.
Jaggaer
FEBRUARY 28, 2025
Generating More Value: The Relentless Pursuit of Spend Cost Reduction For the second year running, reducing supplier spend remains a top priority for procurement organizations in this years Hackett Group Report. This involves analyzing spend data, identifying for consolidation, and negotiating better contracts with key suppliers.
Spend Matters
JUNE 3, 2025
Another CPO pointed to the urgent internal push for greater transparency at the supplier-level mapping and for granular understanding of sub-tier suppliers, component origins and even HS-code-level exposure. Others turn to last-minute supplier switches or price renegotiations. It is not just about knowing your suppliers.
Spend Matters
APRIL 15, 2025
With raw materials, equipment and maintenance making up the bulk of their expenditures, procurement professionals in manufacturing are turning to AI to gain deeper insights and stronger control over their supplier networks. Supply network modeling, now integrating large language models (LLMs), allows for precise tracking and material tracing.
ivalua
JULY 22, 2015
This week’s signs deal with supplier relationships. You Have Imbedded a Cost Management Mindset into Every Supplier Relationship. Instead, today’s sourcing pros must facilitate cost improvements through a more sophisticated and complete understanding of cost management strategies involving: Materials. alternatives.
NLPA (Next Level Purchasing Association)
MAY 8, 2023
Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them.
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. The use of advanced technologies and logistics strategies is often necessary to manage the complexity and risks associated with a global supply chain.
SCMDOJO
JANUARY 29, 2025
However, implementing inventory management techniques such as ABC analysis and safety stock to optimize stock levels and minimize the risk of stockouts. Moreover, i dentifying and mitigating potential risks associated with supplier performance, such as disruptions to the supply chain or quality issues.
ivalua
FEBRUARY 25, 2021
Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?
Skill Dynamics
JANUARY 7, 2025
In fact, supply chain resilience plays a crucial role in controlling general business costs through minimizing such disruptions and optimizing operational expenses. Technology is increasingly vital in increasing supply chain visibility, enabling quicker and more informed decision-making.
ivalua
JUNE 1, 2022
Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis.
ivalua
MARCH 16, 2021
Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis.
ivalua
JUNE 16, 2021
In fact, a survey conducted by the Economist Intelligence Unit (EIU) found that 96% of respondents from the Middle East region were reconfiguring their supply chains in October 2020 — much higher than the global average of 83%. What’s more, PwC found that the average investment in risk management among MENA companies was $1.5
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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 Information Systems (SCIS): Explore how technology can be leveraged to improve data visibility, automate processes, and optimize supply chain performance.
Procurement Insights
MAY 22, 2025
is a leading AI-powered platform specializing in third-party risk management, compliance, and supplier lifecycle automation. Leadership Founder & CEO: Jag Lamba, former McKinsey consultant, leads the company with a focus on operational agility, risk management, and AI innovation. Everything about Certa.ai
Procurement Software
JANUARY 26, 2025
Or, maybe youre suffering from Cinderella complex: not bold enough to demand an upgrade to the outdated, clunky, legacy Source-to-Pay suite interfaces that suppliers and stakeholders havent really adopted. In addition, this will vastly reduce the amount of unnecessary email and reactive work performed by Procurement Managers.
Supply Chain Game Changer
NOVEMBER 16, 2022
It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Instead of forcing suppliers to seek a means of getting in touch with the company employees, they may use a self-service portal. Benefits of Procurement Automation.
Procurement Software
MAY 9, 2022
Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.
Procurement Software
MAY 9, 2022
Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.
SCMDOJO
JUNE 17, 2024
Supplier Reliability and Risk: Dependence on a limited pool of suppliers raises the risk of issues with them, such as erratic cash flow, changing laws, or natural disasters. The existing supply constraints in the industry make it evident that supplier diversification is required to reduce these risks.
Procurement Insights
AUGUST 14, 2024
Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, risk management, and flexibility in sourcing and logistics. Comprehensive Supplier Network 2. Supply Chain Visibility and Risk Management 3.
Supply Chain Game Changer
OCTOBER 28, 2021
According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases. And, only 15% had visibility into tier 2 or beyond.
Let's Talk Supply Chain
DECEMBER 4, 2023
Today I’m joined by SDI , a digital supply chain brand whose people, processes, and technology have enabled the world’s most efficient supply chains for over 50 years.
Let's Talk Supply Chain
AUGUST 12, 2024
Altana is the world’s first Value Chain Management System – a unified, comprehensive approach that goes far beyond supply chain risk management, with unprecedented visibility, contextualized netrt across business areas, and a collaborative network with end-to-end workflows to get jobs done.
Supply Chain Opz
NOVEMBER 9, 2014
The list is presented in the order the responses were received in: 1) Andreas Wieland , Assistant Professor at Copenhagen Business School Successful supply chain management means that organizations are well-orchestrated in an end-to-end value network. delivery reliability”), but is that really “supply chain thinking”?
SCMDOJO
APRIL 29, 2024
Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. It encompasses activities such as procurement, supplier selection, and evaluation. This involves supplier selection, negotiation, and contract management to ensure timely and cost-effective procurement.
TYA Suite
SEPTEMBER 25, 2024
However, the is fraught with risks that can impact a company’s bottom line and operational efficiency. Effective procurement risk management is essential to ensure smooth operations and safeguard the organization’s interests. Understanding these risks is the first step toward effective procurement risk management.
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Jaggaer
OCTOBER 3, 2024
However, it’s fair to say that procurement is really in the pressure cooker right now, with all kinds of new and conflicting demands such as ESG, diversity, compliance and risk management. Next, supplier benchmarking is a really important lever: our customers see significant savings if they continuously review pricing.
Supply Chain Game Changer
NOVEMBER 27, 2019
A manager should be able to tell when an inefficiency arises and needs to deal with it accordingly. A big part of your supply chain process is to increase transparency. End-to-end supply chain visibility makes it much simpler to absorb and collect information. Locate was the issue is an clean up the mess.
Procurement Insights
OCTOBER 8, 2024
Here are the top 3 concerns likely to dominate the agenda for CPOs in 2025: Supply Chain Resilience and Risk Management Sustainability and ESG Compliance Supply Chain Visibility Conclusion: CPOs in 2025 will need to navigate a complex, fast-changing landscape shaped by technology, sustainability, and global uncertainty.
NLPA (Next Level Purchasing Association)
JANUARY 17, 2023
Risk Management : Provisions must be made to manage the following types of risks: Supply Risk: The possibility of production line shutdown, failure to meet customer requirements, and/or other catastrophes due to the non-availability of certain goods or services at a particular time.
Skill Dynamics
OCTOBER 19, 2023
Sourcing managers play a vital role in a business’s procurement process by identifying, evaluating, and selecting suppliers. Sourcing managers have other remits, too, such as needing the ability to assess current market trends – together with a comprehensive understanding of supply and demand dynamics.
SupplyShift
APRIL 20, 2018
When it comes to supply chain data collection and for achieving responsible sourcing goals, most companies start with an Excel-based assessment that is sent out via email to a few key, strategic suppliers. Why ensure transparency and supplier engagement in the supply chain?
Una
APRIL 23, 2024
Why Do We Need Supply Chain Visibility? Tips for Building an Effective Procurement Data Strategy Robots in Procurement Supplier selection & risk management Think of machine learning as your trusted advisor when it comes to choosing and monitoring suppliers.
World of Procurement blog
APRIL 23, 2024
Challenges in Construction Procurement The complexity of construction projects often brings with it a set of challenges including: Supply Chain Complexity: The vast number of suppliers, logistics required, and the necessity for timing precision make the supply chain highly complex.
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