article thumbnail

5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

In this blog, we explore the different types of predictive AI models for supply chain risk management. Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. How does Resilinc use regression models?

Modeling 113
article thumbnail

In the Middle East, the Need for Risk Management Guides the Transformation Journey to Procurement 4.0

ivalua

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. Strategic Investments Target Risk Reduction. Will digitization improve performance?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

In today’s dynamic and unpredictable business environment, companies face various challenges such as changing consumer demands, global uncertainty, and the impact of natural and man-made events. The purchasing of products at companies can be looked at in terms of two major dimensions: supply risk and impact on production (Figure 1).

article thumbnail

Embracing Risk-based Thinking: A Practical Guide to Risk Management

QAD

In the dynamic realm of the automotive industry, the importance of risk management has reached new heights, compelling us to revisit and enhance our insights. Tier 1 suppliers, in particular, navigate heightened risks due to a lack of transparency and control over lower tier suppliers. Why Read Our Risk Management White Paper?

article thumbnail

The Top 5 Skills Every Procurement Manager Needs

Precoro

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

article thumbnail

5 Tips to Leverage Digital Tools to Deliver Tangible Sustainability Improvements

ivalua

Procurement Leaders Webinar. With mounting pressure for organizations to make tangible contributions to Environmental, Social, and Governance (ESG) initiatives, the procurement function must strategize to implement and report their collective efforts. The percentage of purchased goods emissions by suppliers with science-based targets.

article thumbnail

How is AI Revolutionizing Supply Chain Risk Management? 

Resilinc

In reality, supply chain AI has been helping to address the complexities of global supply chains for over the last decade. Yet, numerous global supply chains today still struggle with mapping their global suppliers. In some cases, it feels like AI is just starting to take off.