This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Global markets are facing significant uncertainty and negativity, with instability and continued risk expected to impact businesses for the next decade, according to the World Economic Forum. A resilientsupplychain has the ability to mitigate key risks and help maintain operations when faced with unforeseen circumstances.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChainResilience 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.
A company’s supplychain is a key source of competitive advantage and SupplyChain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. Let’s address why having the right supplier information and supplier relationships is a must. .
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychainresilience and agility in times of crisis. There are many supplychain management lessons to learn from the Covid-19 crisis.
The Association for SupplyChain Management (ASCM) has launched a new supplier Relationship Management certificate designed to help supplychain professionalsbuild strong supplier relationships. Strong supplier relationships help mitigate risk…
Maja Tepeh , Senior Brand Manager at supplychainrisk management solution Prewave , shares what their customers are looking for from their digital procurement investment. On an environmental level, progress toward targets needs to be measurable: not just at the customers company, but across their entire supplychain.
From this discussion, we compiled a list of 8 critical supplychain management activities that to improve, build, and maintain supplychainresilience now and in the years to come. But building an agile, resilientsupplychain doesn’t happen overnight; it requires forethought and planning.
They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supplychain management activities that can help Procurement teams build and maintain supplychainresilience now and in the years to come. Why is visibility so important?
Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. Click here!
In this fast-paced economic landscape, the importance of strategic supplier relationship management cannot be overstated. Join us as we delve into the world of Supplier Relationship Management, unlocking the secrets to success in the face of tariff uncertainty.
To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supplychainresilience and sustainability objectives. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.
In this Spend Matters Vendor Analysis, we provide an overview of SupplyRisk Solutions and its solution for supplier (chain) risk management. Supplierrisk management is crucial for a variety of reasons. It tracks geopolitical risk, natural disaster risk and financial risk.
This introduction to supplierrisk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplierrisk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations.
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.
Taking Steps to Increase Resiliency. Procurement leaders are under increased pressure to improve supplychainresilience. In this regard, monitoring supplier performance, compliance, and the flow of materials from the lowest tier of supply to the end consumer is key to promoting end-to-end visibility.
New release features AI-powered contract management, more seamless messaging and communications, supplierrisk and performance enhancements and procure-to-pay efficiency . The Message Center is an embedded chat functionality that will enable collaboration and contextual discussions amongst internal users and suppliers.
Many of these organizations are already using Source-to-Pay technology and are now realizing more than ever that technology is a “must have” to ensure their supplychain remains resilient and agile throughout a crisis. Supplier Data Quality & Management in Decision Making. Risk & Performance Management.
Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supplychains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization.
Join us as we delve into the world of GTF2025, where resilience meets innovation, and the sky is no longer the limit. Heading 1: Advancing Global SupplyChainResilience Through GTF2025 Initiative In the pursuit of advancing global supplychainresilience,the GTF2025 initiative is poised to revolutionize the aviation industry.
Many businesses go to market for solution support within supplier management with ESG/Corporate sustainability as a primary compelling event, or driving factor. Customer requirements on more sustainable products/services, and/or requests for supplychain transparency/due diligence.
Research reveals a rise in disruptive incidents deep in the supplychain. What is the optimal way to categorize your suppliers so that you can manage them better and maximize business continuity? of organizations experienced supplychain disruption in 2019 compared to 56.5% Tier Suppliers. SupplierRisk.
Agentic AI takes this a step further by enabling autonomous supplychain systems. They can proactively identify risks, optimize processes in real time, and even negotiate supplier contracts without human oversight. Analyzes supplier performance, market trends, and contract terms.
Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.
Structured methodologies, risk assessment tools, and agile frameworks allow companies to improve coordination, enhance decision-making, and ensure they remain adaptable to disruptions. A well-managed supplychain does not just survive crises it thrives in them.
What Is AI in Supplier Management? AI in supplier management is the use of artificial intelligence (AI) technologies to streamline and enhance various supplier-related processes. AI helps optimize supplychain management by offering predictive supplier analytics , real-time tracking, and automation.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supplychain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!
The release includes a broad set of innovations to help organizations better manage their spend and suppliers. in “ The Forrester Wave : SupplierRisk And Performance Management (SRPM) Platforms, Q3 2020.” Specific release highlights include: Supplier Management Innovations: . Sourcing Innovations: .
Supplier diversity programs are something many procurement professionals in the United States (U.S.) But since its inception more than 50 years ago, supplier diversity programs have spread beyond public procurements and now many privately held U.S. businesses proudly maintain robust supplier diversity programs.
Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. In today’s dynamic and uncertain environment, strong supplier relationships are a key competitive advantage. About Ivalua. 212-239-8594.
In today’s interconnected digital landscape, the backbone of global trade and supplychains faces a new and evolving threat – cyber risks. tariffs, supplychains are increasingly vulnerable to malicious actors seeking to exploit vulnerabilities for their own gain. Impact of U.S.
This Spend Matters Vendor Analysis provides an overview of Halo Ai and its solution for third party risk management. Third-party risk management (TPRM) is often an afterthought for organizations or a measure only taken after a risk event occurs. This content is for members only. Visit the site and log in/register to read.
Conventional metrics, like cost and annual spend, have historically guided supplier performance evaluations, but they miss the true operational risks posed by potential disruptions.
Managing a successful supplychain 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 supplychain performance and achieving long-term business success.
Using the 4-Model RAM assessment framework, what are the top five procurement and supplychain issues the following industries face in 2025: Finance, Energy and Utilities, Pharmaceuticals, Food and Beverage, and Automotive?
By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. Predictive analytics will offer foresight into potential supplychain disruptions and give procurement teams the data-driven insights needed to make proactive decisions.
Through a strategic and forward-thinking approach, Manulife unlocked unprecedented levels of efficiency, strengthened risk management strategies, and built the agility needed to thrive amidst an evolving regulatory environment. Brent Griffith Day 2: More Keynotes, Sessions, and Silent Demos!
The appetite for third-party risk management (TPRM) within procurement and the supplychain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. Read our analysis: Risk is complex — The different types and sources of risk.)
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. Geopolitical manipulation on suppliers worldwide adds to the pressure. People just need to get started,” she said.
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?
20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.
Subscribe to SupplyChain Game Changer. Resilience is the New Critical SupplyChain Strategy! SupplyChainresilience article and permission to publish here provided by James Liang from Power RFP. Our world lives in a hyper-global supplychain environment. Subscribe Here!
How Predictive Procurement Has Become a Game Changer for High-Tech Manufacturing To stay competitive, high-tech manufacturers are increasingly adopting Predictive Procurement technology to gain greater agility, cost savings, and enhanced supplychainresilience.
Hear are some strategies to consider: Supplier Negotiations: Regularly review and renegotiate contracts with suppliers to secure better pricing terms. Diversification: Diversify your supplier base to spread risk and take advantage of different pricing structures.
With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. The study also found that suppliers will be vital for successfully ensuring supply continuity.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content