ivalua

DECEMBER 1, 2022

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.

Risk management 130

Risk management Risk Management Suppliers 130

Spend Matters

SEPTEMBER 18, 2023

In this Spend Matters Insider Vendor Analysis Update, we give an updated and more complete overview of Resilinc (originally briefly covered in 2022), a solution built to reduce risks in supply chains to make them more resilient. Supply chains have been the focus of much news in the last few years. This is exactly the purpose of Resilinc.

Supply chain 95

Supply chain Risk management Supply Risk 95

ivalua

SEPTEMBER 19, 2022

The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. Are the supplier’s 3rd party risk ratings acceptable?

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Risk management 130

Supply Chain Brain

JUNE 30, 2023

Data drives every supply-chain risk management decision. Which begs the question, “How do I know whether I’m getting an accurate read on my risk exposure from the solution I’m using?” So, the data and the modeling need to be exceptional. But not all data and modeling are equal.

Risk 98

Risk Supply chain Risk management Supply 98

Una

APRIL 18, 2023

EPISODE 111 Taking Intelligent Risks with Mark Trowbridge By Kelly Barner | April 19, 2023 We’ve all been mired in years of paralyzing risk and disruption… but could risk taking be just what this moment calls for? Yes – as long as the risks are “intelligent risks.”

Risk 133

Risk Supplier relationship management Procurement Suppliers 133

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Contact Sales The post A Balancing Act: Drive Sustainability while Managing Cost and Risk appeared first on Ivalua.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

NLPA (Next Level Purchasing Association)

SEPTEMBER 18, 2023

The last decade has yielded many events, forces, and elements in which a greater concern and scrutiny of the concept of Vendor or Supplier Risk Management has risen. At the forefront are driven for Cost Reduction, Top Line Growth, and Competitive Advantage.

Risk management 40

Risk management Risk Management Suppliers 40

Supply Chain Brain

SEPTEMBER 5, 2023

Generative AI applications entail considerable deployment risks, necessitating strong risk-mitigation techniques.

Risk 87

Risk 87

Procurement Freelancers

AUGUST 25, 2023

The landscape of organizations is constantly evolving, underscoring the significance of risk management. As international… The post The Importance of Supplier Audits in Risk Management first appeared on Procurement Blog | Procurement & Supply Chain News.

Risk management 89

Risk management Suppliers Risk Import 89

ivalua

NOVEMBER 29, 2022

In fact, 44% of respondents noted supply risk as a top priority, while 27% cited ESG as a priority–and the percentage of CPOs that have prioritized savings has nearly doubled year over year since 2021. Risk Metrics. Ardent found that many didn’t even know how many suppliers are high risk. Uncertainty Metrics.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Risk 130

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. Hot tip: Never underestimate the potential impacts of procurement risk.

Procurement 96

Procurement Purchasing Risk Management 96

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.

Risk management 52

Risk management Suppliers Risk Supply Chain Efficiency 52

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . Objectives for Supplier Risk and Performance Management. Employ more structured processes around supplier risk management.

Suppliers 130

Suppliers Risk Supply Chain Efficiency Supply Chain Optimization 130

Spend Matters

AUGUST 8, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the shift in CPO priorities towards supply-related risks. Having that option has become more important than ever, because we’ve all seen the consequences of not taking risk seriously enough.”

Risk management 85

Risk management supply chain budgeting Supply Chain Efficiency Risk 85

Procurement Leaders

DECEMBER 9, 2022

Our challenges are linked to digitalisation, risk management and inflation. With risk management, we are revising our buying policies and introducing a digital risk management suite that covers all our risk dimensions – supply, financial, quality, ethical, and so on. Why are they so important?

Suppliers 130

Suppliers Risk Risk management Procurement 130

ivalua

SEPTEMBER 8, 2022

Originally published on Risk Management Monitor. The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration. Ivalua Supplier Risk and Performance Management Checklist. When suppliers are treated as partners, they can be a huge asset in times of trouble.

Suppliers 130

Suppliers Supply Chain Efficiency Risk Supply chain 130

Procurement Freelancers

JUNE 17, 2023

A company’s risk management plan must include supplier risk management (SRM). Direct procurement entails working… The post Supplier Risk Management With Supplier Auditors first appeared on Procurement Blog | Procurement & Supply Chain News.

Suppliers 81

Suppliers Risk management Risk Supply chain 81

Una

MAY 4, 2023

How to Manage Risk Using a Group Purchasing Organization A play-by-play for mitigating risk within your procurement function and the wider organization by utilizing the power of group purchasing. Instead of seeing procurement as a source of risk, however, we prefer to see the function as protectors against risk.

Purchasing 92

Purchasing supply chain budgeting Supply Chain Efficiency Risk 92

All Things Supply Chain

FEBRUARY 22, 2021

However, while there may be merits for some businesses in reshoring, it is far from risk-free. Reshoring supply chains is currently high on the political agenda. The coronavirus pandemic has…

Risk 164

Risk Supply chain Supply 164

Supply Chain Brain

JUNE 27, 2023

are interested in so-called decoupling or de-risking. “Political leaders in Europe. Which, to be honest, according to our understanding, would be [economic] suicide,” said Hungary’s Foreign Minister.

Risk 97

Risk 97

ProcurePort

MARCH 29, 2022

Nevertheless, vendor management process workflow can present risks with serious financial, legal, and operational repercussions making vendor risk management a critical process. The post 4 Keys to Vendor Risk Management Process Workflow appeared first on ProcurePort Blog.

Risk management 130

Risk management Risk Management Vendor management 130

Supply Chain Brain

AUGUST 31, 2023

When your business depends on manufacturing excellence, minimizing supply chain risk is critical for success. Download the report and learn how supply chain leaders manage customer expectations, maintain quality, and use intelligent technologies to reduce risk.

Supply chain 81

Supply chain Supply Risk Strategy 81

IBM Supply Chain Blog

SEPTEMBER 13, 2023

Incorporating an effective attack surface management tool into your security strategy can significantly help you mitigate the risks of data breaches. Because hackers don’t limit their reconnaissance efforts to what’s in your inventory, these unknown assets put you at risk.

Data 94

Data Risk Management Real-time Visibility 94

SCMR (Supply Chain Management Review)

MARCH 9, 2023

Risk management doesn’t have to be complex. This practical, easy-to-implement framework supports decision-making and risk management.

Risk management 100

Risk management Supply chain Risk Management 100

ivalua

JUNE 17, 2022

To meet major challenges such as trade wars, cyber-attacks, natural disasters, and international conflict, heads of procurement must take steps to reduce supply chain risk and provide future-proofing against supply and demand shocks. The post Mitigating Risks and Future-proofing the Supply Chain appeared first on Ivalua.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Supply chain resilience Supply 130

Una

APRIL 18, 2023

Pain Points in Procurement Series How Procurement Can Risk-Proof an Organization During a Recession Five steps procurement can take to risk-proof an organization against the impacts of a looming economic recession. So, how can procurement risk-proof an organization during a recession without squeezing suppliers?

Procurement 98

Procurement supply chain budgeting Risk Supply Chain Optimization 98

Supply Chain Game Changer

SEPTEMBER 18, 2022

Small Business Risks in Accepting Cryptocurrencies! This is why crypto risk management is important to take your wealth off of exchanges and into your own hands. This is why crypto risk management is important to take your wealth off of exchanges and into your own hands. Risks of Crypto Exchanges. This happened with Mt.

Risk management 109

Risk management Risk supply chain software solutions Management 109

Una

MAY 18, 2023

Procurement Fraud: Understanding, Mitigating, and Monitoring the Risks Understanding the nature of procurement fraud, why it poses a strong risk in procurement, and ways to mitigate the consequences. Procurement fraud is a significant risk that can have severe consequences for organizations.

Procurement 98

Procurement Risk Suppliers Supply Chain Efficiency 98

Procurement Leaders

JANUARY 27, 2023

In this interview, Snow talks to Procurement Leaders’ chief product officer David Rae about his approach to risk, the company’s evolving geographic footprint and how he prepares his team to deal with the ongoing polycrisis. So, we need to understand how we can mitigate them and the strategies we can employ in that mitigation.”

Supply Chain Efficiency 162

Supply Chain Efficiency Risk Supply chain Procurement 162

Supply Chain Dive

APRIL 18, 2023

Insolvencies, COVID-19 disruption and ties to forced labor raise the possibility for delays and reputational harm, according to analytics firm Everstream’s annual risk report.

Supply chain 145

Supply chain Risk Sourcing Supply 145

Supply Chain Brain

MAY 4, 2023

Not only employees can put you at risk, but your partners, suppliers and other third parties can as well, and they usually have less oversight.

Supply chain 94

Supply chain Risk Supply Suppliers 94

Procurement Bulletin

JUNE 18, 2023

Western Canadian Ports At Risk of Strikes At two of the busiest ports in Western Canada, Port of Vancouver and Prince Rupert, workers at these ports are potentially going on strike soon over wages. UPS At Risk of Strikes Speaking of strikes, UPS workers are at risk of going on strike if they don’t reach a new agreement by 31st July.

Risk 76

Risk Management 76

Supply Chain Brain

MAY 29, 2023

Organizations are paying too little attention to the risk of their supply chain information being compromised through cyberattack.

Risk 123

Risk Suppliers Supply chain Supply 123