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In February, Klaus Niebur, the director of global supplychainriskmanagement at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supplychainriskmanagement at ARC Advisory Group’s Digital Transformation in Industry conference.
Adopt a Holistic Direct Spend strategy Move beyond isolated tactics and adopt a holistic, approach to direct spend that integrates sourcing, contract management, procurement and invoicing. This means involving procurement in the highest levels of strategic planning and decision-making.
Procurement and supplychainmanagement are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
Direct Procurement : Milk is collected directly from farmers at the village level. Technology Integration : Use of technology in logistics, inventory management, and supplychain tracking has helped improve efficiency and transparency. This empowers them to have a stake in the business and share profits.
First, overreliance on a narrow group of suppliersespecially those in politically sensitive regionsexposes companies to risk when trade relationships shift. Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Procurement is another area seeing change.
Thirdly, all the COVID supply disruptions brought home the need for better supplychainriskmanagement. Riskmanagement had been a hard sale. Companies typically embrace improved supplychainriskmanagement after a disaster – after the horse had already fled the burning barn.
The post Efficient Financing Options Help Enhance Factory Standards in Emerging Markets appeared first on Logistics Viewpoints: A Blog for Logistics, SupplyChain, and 3PL Executives. Procurement/Sourcing SupplyChain Planning SupplyChainRiskManagement financial supplychain GT Nexus IFC'
If you’re a supplychain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Ask “What are the risks?”more Supplychainmanagement is risky business — and the risks are growing every day. more often.
Welcome to part three of our AI in SupplyChain blog series. In this blog, we explore the different types of predictive AI models for supplychainriskmanagement. In this blog, we explore the models used in Resilinc’s predictive AI and explain how they help streamline supplychainriskmanagement.
Instead of simply stockpiling materials or accepting increased costs, manufacturers should explore ways to substitute materials, adjust sourcing locations, and optimize product designs to create more tariff-resilient supplychains.
I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions. So, here is my invented future for 2015, starting with my most audacious prediction: Google will acquire a logistics service provider (3PL) and/or a logistics software vendor.
.” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supplychains. Smith insists, “The business case for supplychainriskmanagement investment needs to be made convincingly and robustly to justify investment.”
SupplyChainRiskManagement Solution from riskmethods. If I was asked to vote for the most interesting solution set that has come to the fore over the last few years, my vote would be for supplychainriskmanagement solutions. SupplyChainRiskManagement Vendors.
New survey finds that only 27% of companies have structured, quantitative assessment of financial impact related to supplychains. Today’s procurement landscape is evolving, as is the role of today’s procurement leaders,” said Bill DeMartino, General Manager of North America at riskmethods.
Read more The post Some SupplyChain Lessons Are Never Learned appeared first on Talking Logistics with Adrian Gonzalez. The unexpected lack of fasteners marks the sort of test Boeing will face in coming years as.
” There are, however, some well-known dragons supplychainriskmanagers will continue to encounter. ”[2] It’s not just supplychains that are realigning, columnist Ezra Klein insists the whole world is realigning. SupplyChain Restrictions. .”[7]
Learn the supplychainriskmanagement maturity model stages from Supplier RiskManagement to antifragility. The way that businesses talk about (and manage) supplychains is changing rapidly. Supplier RiskManagement What is Supplier RiskManagement (SRM)?
Enter the future of AI in supplychain. In this new multi-part blog series, we address the possibilities of supplychain AI and how new capabilities and machine learning algorithms are revolutionizing supplychainriskmanagement (SCRM). appeared first on Resilinc.
We are entering an era where it is becoming possible to detect supplychainrisks much more quickly. In a discussion with AGCO’s Jan Theissen, Director of Strategy and Methods, and Jake Stone, Manager of SupplyChainRisk and Contract Management, I learned about this public, Atlanta headquartered corporation’s […].
The dimensions of risk they monitor include the financial health of suppliers; reputational and criminal risk; operational risk; cyber risk; and regulatory risk. All suppliers are rated on a 1 to 10 scale across different risk categories. There is a typical process flow for this solution.
One issue that does not get talked about as much, however, is supplychain fraud. What exactly do I mean by supplychain fraud? Well, there are a number of different types of supplychain fraud that impact global supplychains, from the procurement of materials to the end delivery of a product.
A beautiful woman passed away this morning, my wife’s aunt who we all loved, so I will be brief with my comments about this week’s supplychain and logistics news. Logistics in Transition: U.S. Business Logistics Costs Slow Considerably with 2.6% HighJump Adds SupplyChain Analytics to Enterprise Software Suite.
A common challenge for procurement and supplychain professionals is obtaining support from C-level leaders to invest in a robust supplychainriskmanagement (SCRM) program. Ready for a more resilient supplychain? Contact us today.
Heres your guide to NDAA for aerospace and defense supply chainsand how Resilincs aerospace and defense supplychainriskmanagement solutions can help you navigate these changes. It covers everything from funding for defense programs to weapons procurement and national security initiatives.
All eyes on AI-powered supplychain software AI dominated the agenda at this years event, with 77 sessions dedicated to exploring its impact on supplychain strategy and execution. Our team heard it time and time again at the event: Supplychain leaders dont just want smarter insightsthey want systems that act on them.
The near-infinite processing power Cloud computing provides (along with other technological innovations) will cause everyone in the supplychain and logistics field to unlearn the way we’ve always done things, everything from the way we design software applications to how we design and managesupplychain processes.
In my recent Talking Logistics conversation with Daniel Smith, Director of Sustainability and ESG at e2open, he talked about the Uyghur Forced Labor Prevention Act (UFLPA) and how “under the UFLPA, due diligence means you have to prove the absence of any forced labor touching any aspect of your product.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. This data was compiled from Resilincs EventWatchAI , a risk monitoring database provided to customers. economy and for industry supplychains.
We’ve made our predictions , but it’s the unexpected that makes supplychainmanagement so exciting and demanding. Did you come up with any New Year’s resolutions to improve as a supplychain and logistics leader this year? Ask “What are the risks?”more Runners on your mark, get set…”. more often.
A recent study by Deloitte revealed that almost 85% of surveyed global supplychains had experienced at least one disruption in the past 12 months. What is SupplyChainRiskManagement? The SupplyChainRiskManagement Lifecycle.
In a highly-dynamic business environment, it’s critically important for supplychain and logistics executives to keep a pulse on what’s happening in the industry. Bid Season : How do you plan and execute a successful procurement event? RiskManagement : Is outsourcing a riskmanagement strategy?
Increasingly, large firms have executives with titles like “Procure to Pay Process Owner” or “VP of Order to Cash Processes.” Global Trade SupplyChainRiskManagement' Similarly, the large ERP companies are increasingly thinking in terms of these kinds of holistic processes when they add functionality […].
You will need to engage your procurement, sourcing, and finance teams as part of such an effort. The post 5 Steps to Address the Rising Geopolitical Risks to Your SupplyChain appeared first on Logistics Viewpoints. Create a Baseline for your Cost-to-Serve. He received his Ph.D.
August is usually a quiet month for supplychain and logistics news, but not this year, especially the past couple of weeks. LevaData to Transform Strategic Sourcing for Global Procurement and SupplyChain Leaders. UK government announces funding for truck platooning trials (Automotive Logistics).
Overview: CSCMP Certification VS SCMDOJO CSCMP Certification They offer certifications, such as the ScPro, Certified SupplyChain Professional (CSCP), and Certified in Logistics, Transportation, and SupplyChain (CLTP). Lets dig deep and analyze what we need to know about both these platforms.
RiskManagement in Global Ocean Context Feature Article by LSCMS Shippers Council Rates have gone down massively in most trade lanes; congestion has eased, and capacity seems sufficient in most sectors. It appears that operational and procurementrisks for beneficial cargo owners or shippers, in the short term, are minimal.
Global supplychain leaders understand that designing and implementing a robust riskmanagement practices are essential and fundamental to running the business. In my life time, supplychains changed. What is RiskManagement? They morphed from regional to global multinational organizations.
For global supplychain leaders, keeping up with each new rule and regulation can also be as burdensome as the regulations themselves. By incorporating the supply network for their industry, transparency of demand and supply signals are visible throughout the network from raw materials to the end delivery of my cologne.
If cost reduction is not the only thing to measuring supplychain performance, that begs the questions: "Maybe we should be measuring other SupplyChainManagement activities and what would they be?". Inventory measurement is critical and it is money after all in that it took a capital expense to procure.
The way a company responds to the risks depends upon the category and the severity of the risk. The i-Score helps procurement leaders quickly assess the overall health of their extended supplychains. When it comes to supplychain agility, the race truly is won by the fastest runners.
MRO Teams: MRO teams must coordinate with suppliers, manage global logistics, and ensure that spare parts are available across dispersed locations. They are also responsible for data integrity, vendor management, and aligning with enterprise sustainability initiatives.
How the SupplyChain Crisis is Impacting Businesses and Consumers. 66% of consumers are concerned that supplychain issues will never end ( Chain Store Age ). 82% of people have concerns that the supplychain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items.
This posting is the third installment in our ongoing supplychain technology market education series. The notions of strategic supply sourcing and supply network resilience are likely to stem from and receive guidance from the IBP process as are overall business risk mitigation needs.
Exigers Proprietary Third-Party and SupplyChainRisk Model Exigers Proprietary model delivers comprehensive insights into supplychainrisks by leveraging advanced AI-driven analytics to assess vulnerabilities across multiple tiers. Exiger identifies suppliers potentially impacted by a natural disaster.
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