Remove Sourcing Remove Supplier capacity Remove Supply chain resilience
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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios. To find the best value, your team can auto-score suppliers and receive automated event recommendations.

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Supply Chain Issues: Causes, Impacts & Mitigation Strategies

Finale Inventory

Consider implementing: Multiple sourcing partnerships across different geographic regions Near-shoring critical components to reduce transit vulnerabilities Friend-shoring with politically stable trading partners for strategic items The key is balanced allocation. How can companies improve resilience in their supply chain?

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence.

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Risk Management in Procurement: Strategies and Tools for Success

Empowering CPO

These risks can arise from various sources, including suppliers, market conditions, geopolitical factors, and internal organizational processes. Effective procurement risk management entails identifying, assessing, and mitigating these risks to ensure a resilient and efficient supply chain.