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You’ll learn how to review your current approach, pinpoint gaps, and start implementing improvements right away, focusing on automation, data visibility, and stakeholder alignment. It enhanced supplier collaboration, centralized supplier riskmanagement, and gained the spend visibility needed to support growth.
Building resilient supply chains involves adopting a proactive approach to riskmanagement. Adopting a riskmanagement framework for cybersecurity is something that all manufacturers should be doing. As with any regulatory framework, NIS 2 tells you what needs to be done, not always how to do it.
You’ll learn how to review your current approach, pinpoint gaps, and start implementing improvements right away, focusing on automation, data visibility, and stakeholder alignment. It enhanced supplier collaboration, centralized supplier riskmanagement, and gained the spend visibility needed to support growth.
Train your employees how to recognize phishing attempts, such as suspicious emails or fake login pages. Creating a vendor riskmanagement policy and reviewing it annually will help ensure your partners maintain strong security standards. Regularly review their compliance with your riskmanagement policy.
Why Download: Identify and assess critical supply chain risks Ask the right questions to evaluate vendor preparedness Implement effective strategies to reduce vulnerabilities Improve communication, transparency, and coordination across your network What You’ll Learn: How to evaluate and monitor suppliers for resilience Tips for diversifying sourcing, (..)
Comprehensive strategies can control these risks, including regular assessment of the situation, supplier communication, technology investment for real-time monitoring, development of contingency plans, and training on riskmanagement. Technology can help manage potential risks in construction projects.
IT & Network Issues You might face severe disruptions in supply chain management due to IT and network issues. Knowing how to counteract these problems is crucial: Regular system updates: Ensure your systems are up-to-date with the latest security patches. appeared first on Supply Chain Game Changer™.
While traditional supply chain management prioritises cost efficiency and speed, modern supply chain resilience demands a more comprehensive approach that balances operational efficiency with riskmanagement and adaptability.
Audit Backup Process: Often times companies think their data is backed up, just to find out the person responsible no longer works there, and no documentation exists to show how to restore their backups. Companies must rehearse what they would do in the event of a supply chain cyber security attack regularly.
Speaker: Dr. Ken Fordyce, Solutions Director, Supply Chain and Advanced Analytics at Arkieva
Riskmanagement is defined as anticipating and responding to an event not yet part of the plan of record that requires a significant adjustment in your demand-supply network (DSN). COVID-19 has put riskmanagement at the front and center in the supply chain world. How to avoid data-driven disasters.
It integrates riskmanagement strategies, robust planning, and technological solutions to minimize disruptions and recover swiftly. This level of visibility enables quicker decision-making, better riskmanagement, and more efficient operations.
By embracing these technological solutions, businesses can optimize their resource allocation, enhance supplier relationship management,gain AI-driven procurement insights through comprehensive analysis and control of spend, and ultimately deliver a framework of continuous procurement process improvement.
Pedestrians, cyclists, and other road users need to be protected, and ADVs must be thoroughly assessed to ensure they can manage unexpected situations. Companies need to consider how to manage this transition, through workforce retraining or by creating new roles related to managing and maintaining autonomous fleets.
The post How to Build Supply Chain Resilience! Article and permission to publish here provided by Catherine Park. Originally written for Supply Chain Game Changer and published on June 21, 2024. Cover photo by CHUTTERSNAP on Unsplash. appeared first on Supply Chain Game Changer™.
It also highlights the significance of CSA Z1005 as a riskmanagement standard and outlines the ROI of thorough incident investigations, covering emergency response to post-incident interviews. Additionally, it introduces an Investigation Evidence Gathering Matrix.
Uncover how advanced your agentic AI supply chain riskmanagement strategy truly is—and explore next steps to modernize your approach and stay ahead of disruption. So—how mature is your agentic AI strategy? The post How Mature is Your Agentic AI Supply Chain RiskManagement Strategy?
” There are, however, some well-known dragons supply chain riskmanagers will continue to encounter. The CNW Group reports, “Three quarters of businesses worldwide are overhauling their supply chains by working with more rather than fewer suppliers to mitigate risks in an increasingly fragmented global environment.
Read more The post I’ve Fought Freight Fraud for 30 Years: Here’s How to Protect Your Supply Chain in 2025 appeared first on Talking Logistics with Adrian Gonzalez. Warehouses and distribution centers are top targets. It’s also the time of year when we face immense pressure to deliver more packages, faster than.
.” – Rachel Wilson, Director of Cybersecurity, Morgan Stanley Wealth Management Audit Backup Process: Often times companies think their data is backed up, just to find out the person responsible no longer works there, and no documentation exists to show how to restore their backups.
Below are some insights on how to go about it: 1. The post How to Minimize Supply Chain Disruptions! They occur due to various reasons. There’s no supply chain immune to the disruptions. All it takes is strategic measures to minimize and contain the disruptions. appeared first on Supply Chain Game Changer™.
Were going to explore some common issues, how you can deal with them, and how to train your staff to tackle legal issues effectively. Contract law Your team needs to have a strong knowledge of how to develop a contract, interpret it, and enforce it.
You’ll learn how to leverage data to streamline operations, reduce costs, improve efficiency, and exceed customer expectations. RiskManagement and Mitigation Data science helps you identify potential supply chain disruptions before they impact your business.
From our CEO’s powerful speaking session, to demos at our booth of our AI agents for tariff disruption and more, the Resilinc team showcased the power of Agentic AI for supply chain risk at Reuters Supply Chain USA 2025. If you missed us at Reuters Supply Chain USA 2025, it’s not too late to experience Agentic AI.
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive riskmanagement, and deeper integration across the supply chain. Your procurement technology platform should help unify data and processes across tiers to avoid disruptions.
This recent post from JBF Consulting’s blog discusses the rise of cyber attacks (for example, see Blue Yonder Cyberattack: How Prepared Are. Read more The post Editor’s Pick: How to Protect Your Transportation Technology from Supply Chain Cyber Threats appeared first on Talking Logistics with Adrian Gonzalez.
This structure adds a legal buffer while allowing for operational flexibilitymaking it a smart foundation for riskmanagement. Dont Put All Your Products in One Basket: Diversification & Supplier RiskManagement If your entire supply chain depends on a single supplier, youre one hiccup away from disaster.
Here’s how to enhance visibility: Real-time tracking and traceability: Technologies like RFID and barcode scanning can enable real-time tracking of products and shipments. By proactively identifying and mitigating risks, businesses can minimize lead time disruptions and maintain consistent delivery schedules.
In this blog, you’ll learn what AI agents are, how they differ from traditional procurement software, where they deliver real-world impact, and how to overcome adoption challenges. As they receive new information, they can adjust their actions to outcomes for things like supplier negotiations, riskmanagement, and spend analysis.
In this blog, you’ll learn what AI agents are, how they differ from traditional procurement software, where they deliver real-world impact, and how to overcome adoption challenges. As they receive new information, they can adjust their actions to outcomes for things like supplier negotiations, riskmanagement, and spend analysis.
.” However, with modern SRM tools, all stakeholders—customers and suppliers alike—can access real-time supplier management systems that include or seamlessly integrate data from ERP, supply chain/delivery systems, quality systems, allowing for a transparent, unified view of supplier performance and data.
Mobile tools, integrated sensors, and predictive systems enhance both day-to-day performance and long-term riskmanagement by providing data that supports faster, more accurate decisions across warehouse and production environments. Why Pausing Innovation Creates Risk?
Knowing how to differentiate and integrate them can be the difference between reactive firefighting and proactive excellence. Pro Tip: Think of the supply chain as a value network — it’s about collaboration, data sharing, and synchronization across partners. To summarize: Supply Chain is the strategic, end-to-end system.
Add APS and SCM: A Step in the Right Direction Both APS and SCM solutions cover some of the gaps which limit ERP as a solution for managing complex supply chains. Conclusion When youre building your supply chain technology stack youll soon realise theres no one silver bullet solution.
It’s Time to Accelerate Digital Transformation in Procurement Despite the (almost) unlimited potential of innovative technology, many organizations still struggle with a skills and knowledge gap as to how to or which new procurement automation technologies to use. Choose clear AI use cases to solve specific, known challenges.
Thats why were excited to introduce Resilincs new SCRM AI assistant, REVA, designed to enhance the way our customers navigate and use Resilincs supply chain riskmanagement platform. As we continue to innovate and refine our tools, were excited to bring you smarter, more effective ways to manage your SCRM needs.
Detecting Anomalous Activities DORA requires that financial entities develop a comprehensive ICT riskmanagement framework that identifies, assesses, and mitigates ICT risks. Proactive Incident Detection: Detect anomalies in the chain of custody of software components, identifying indicators of sabotage or hidden risks (e.g.,
How to Gain Similar ROI: Centralize supplier data and use analytics software to identify cost-saving opportunities. How to Gain Similar ROI: Standardize and automate supplier intake management documentation. How to Gain Similar ROI: Adopt touchless invoicing to reduce administrative overhead. Business Impact: $1.3
Adopting a riskmanagement framework for cybersecurity is something that all manufacturers should be doing, Mr. OBrien points out. As with any regulatory framework, NIS 2 tells you what needs to be done, not always how to do it. Rare Metals and Minerals on Lockdown The score assigned to this class of risks is 65%.
Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise riskmanagement differ significantly.
Learn how to secure aerospace and defense supply chain resiliency with five key areas to note in the National Defense Authorization Act (NDAA) for FY 2025. Heres your guide to NDAA for aerospace and defense supply chainsand how Resilincs aerospace and defense supply chain riskmanagement solutions can help you navigate these changes.
This shift from reactive to preventive riskmanagement marks a breakthrough in how the industry combats increasingly sophisticated cargo theft schemes. “It By combining AI, real-time data, and deep industry expertise, FraudWatch has set a new standard for proactive, intelligent riskmanagement in the supply chain.
See how ExpanScience optimizes their supply chain with QAD Digital Supply Chain Planning (DSCP) and how QAD DSCP enhances integration, collaboration and efficiency across operations and ExpanScience departments. *At At risk currently due to recent U.S.
Supplier Management Many of the activities involved with on-boarding suppliers, identifying new potential suppliers, conducting supply market intelligence, building supplier measurement systems. RiskManagement Monitoring different events that could disrupt supply chains is an ideal application of AI.
Get Access Now How to Implement a Resilient Procurement Strategy? Develop RiskManagement & Compliance Measures: Monitor supplier performance and compliance. Key Steps to Follow: Assess Procurement Needs: Identify key procurement areas (Direct, Indirect, CAPEX).
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