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Global conflicts, macroeconomic shocks, and shifting global trade routes are all combining to provide real challenges to modern supplychains, and are driving the uncertainty that organizations feel. Companies often struggle to plan for such challenges, which is why developing a strong and resilientsupplychain team is so important.
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. Work to achieve 100% supplychain visibility.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.
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.
GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supplychainresilience and agility. This is essential reading for all procurement and supplychain leaders.
Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.
The resilience of any supplychain is based on its ability to withstand shocks and recover quickly. For a long while, businesses have sought to minimize their fixed costs in sourcing. The post SupplyChainResilience Strategy: Everything You Need to Know appeared first on ProcurePort Blog.
If you missed our webinar that highlighted the story of Rolls-Royce ’s success overcoming the supplychain challenges during COVID-19, you can still access the full recording and learn more about how they worked to create more resilience and efficiency by modernizing and digitizing their supplychain using Ivalua tools. .
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. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.
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.
In a strategic dance of adaptation, household giant Clorox is contemplating a delicate tango of sourcing shifts to counterbalance the looming impact of a hefty $100 million tariff blow. This strategic evaluation involves meticulously analyzing sourcing alternatives and potential partnerships to navigate the evolving trade landscape.
As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react. There are many supplychain management lessons to learn from the Covid-19 crisis. These challenges in the direct material supplychain pose a real threat, especially in a time of crisis.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts. The verdict?
The Medical SupplyChainResiliency Act would allow the establishment of trusted trade partnerships to diversify the sourcing and procurement of medical devices as well as pharmaceuticals.
In a world where uncertainty and instability frequently enough reign supreme, the quest for resilience in global supplychains has become more vital than ever. Enter GTF2025, a groundbreaking initiative poised to revolutionize the aviation power and gas turbines industry.
With supplychains facing increasing complexities and risks, a “China Plus One” sourcing strategy has emerged as crucial for businesses operating on a worldwide scale.
Supplychains are the backbone of global trade that ensure the smooth movement of goods and materials across industries. One of the most effective strategies for building resilience is integrating project management into supplychain operations. Enhance visibility across the supplychain through structured reports.
By diversifying its supplychain and leveraging global partnerships, GM aims to minimize disruption and maintain competitiveness in the market. Cost-efficiency: Streamlining operations and optimizing supplychain processes to minimize tariff impact.
Customer requirements on more sustainable products/services, and/or requests for supplychain transparency/due diligence. Many businesses go to market for solution support within supplier management with ESG/Corporate sustainability as a primary compelling event, or driving factor.
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Strategic sourcing plays a critical role in this transformation, ensuring organizations secure the best value while mitigating risk.
This leap in AI capabilities is revolutionizing industries, and AI-driven supplychain management is no exception. The Role of Agentic AI in SupplyChainsSupplychains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting.
New platform release features a broad set of enhancements across Ivalua’s complete Source-to-Pay suite, including deep integration with Amazon Business. Out-of-the-box integration to Tealbook now enables customers to discover new suppliers with a single click and access a high-quality source of supplier information.
Subscribe The SupplyChain Renaissance Has Begun! This article depicts how innovative technology transforms supplychain operations. SupplyChain Management oversees the operational connection between businesses responsible for making and moving products through all distribution stages.
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!
Procurement and supplychain teams will play a crucial role in making this vision a reality. By maximizing resource utilization and implementing careful procurement management, the government can source the best goods and services at the most competitive prices.
Saric was then joined on stage with one of our transformative customers–Geoffrey Gates, Senior Director of P2P and Technology for SupplyChain and Support Services at Cleveland Clinic. Brent Griffith Day 2: More Keynotes, Sessions, and Silent Demos!
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?
In an era of economic uncertainty and fluctuating market conditions, the service supplychain industry is bracing itself for a seismic shift as double-digit inflation looms on the horizon. The impact of this economic phenomenon on supplychain operations is profound and multifaceted.
In a world where supplychains drive the global economy, the intersection of artificial intelligence and logistics holds the promise of transformative innovation. Former OpenAI executive, renowned for their expertise in AI technology, unveils a groundbreaking roadmap for the future of supplychains.
Below is a ranking from highest to lowest focus on procurement and supplychain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis. While supplychain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools.
In a whirlwind of developments in the world of supplychain management, the latest headlines are buzzing with the news of boeing machinists bringing an end to thier strike. Alongside this, the Institute for Supply Management has also made waves with their latest updates.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.
In an age where supplychains face persistent disruptionsfrom pandemics and trade wars to cyberattacks and climate volatilityresilience is no longer optional. This shift has pushed supplychain leadership to pivot from reactive management to proactive strategy built on data. Not sure where your supplychain stands?
SupplyChain Transformation is ongoing but never more important than in 2021. SupplyChain Risk and Supply Continuity: Risk moved front and center of Procurement during the pandemic, as procurement organizations grappled with constrained supplychains. What Will Impact Procurement Processes in 2021?
Supplychains are particularly vulnerable during recessions. Consequently, it is imperative to develop a recession-proof supplychain to make them more resilient and adaptable. A resilientsupplychain is one that can absorb shocks and continue functioning with minimal disruption.
In the intricate web of commerce, the strength of a business lies not just in its own operations but also in the resilience of its supplychain. Amidst the dynamic landscape of global trade, Dun & Bradstreet emerges as a beacon of support for businesses seeking to fortify their supplychain strategies.
Let’s set sail on a journey towards efficient and effective supplychain management. By harnessing the power of data analytics and strategic insights, organizations can proactively mitigate the impact of tariffs on their supplychains while enhancing operational efficiency and cost-effectiveness.
A shift to shorter supplychains not only helps manage the unpredictability of costs, but also strengthens supplychainresilience by reducing dependency on distant suppliers.
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!
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. Impacts of U.S.
In the hyper-connected global economy of the present day, supplychains traverse continents, cultures, and myriad communication barriers. Having access to an audio translator can be the difference between quick resolution of issues and ballooning interruptions throughout the supplychain.
In a fast-paced world where efficient movement of goods is key, staying updated on the latest supplychain and logistics news is crucial. This week, from January 20th to January 23rd, Logistics Viewpoints brings you a complete insight into the dynamic world of supplychain management.
In a world that feels like it is constantly teetering on the edge of chaos or permacrisis, procurement professionals must master uncertainty by building resilience and agility. And one way to do that is to rethink where organizations source from.
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