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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.
The manufacturing sector is facing unprecedented volatility in global trade, with tariffs becoming the latest in a series of uncertainty drivers that are impacting virtually all industries. Manufacturing plants are deeply entrenched; tied to infrastructure, suppliers, skilled labor, and regulatory requirements.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience 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. Why is visibility so important?
How is AI changing supplychainriskmanagement , and what does it mean for the future? These questions were part of a recent discussion featuring Exiger CEO Brandon Daniels about AI impacts on supplychains. Arjun Mehta: How is AI impacting supplychainriskmanagement?
SupplyChainRiskManagementSolution 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 supplychainriskmanagementsolutions. SupplyChainRiskManagement Vendors.
In this blog, we explore the different types of predictive AI models for supplychainriskmanagement. In our second AI blog of the series, Predictive AI vs. Generative SupplyChain AI , we looked at the difference between predictive AI and generative AI. How does Resilinc use regression models?
Doug Keeley, Product Marketing Manager, Ivalua. The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. Industry: Manufacturing. We’ve all heard of KYC (know your customer) initiatives in banking for example.
Risk often lies not just at the direct supplier level but also indirectly within Tier 2, Tier 3, and beyond. Having a solution that allows you to visualize these networks and their relationships allows stakeholders to understand underlying supplychainrisks involved, which is important for determining areas for improvement.
Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility. Reason #4 Making key decisions by modelling the supplychain in Excel. by John Westerveld.
Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supplychain, and purchasing going? We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects.
In other news… SupplyChainRiskManagement Now a Priority for Most Businesses ( Accenture ). HighJump Software Releases Next Cloud-Based Solution: HighJump Route Administrator. Several reports have been published in recent years underscoring the growing importance of supplychainriskmanagement.
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.
FourKites , a provider of real-time transportation visibility solutions, has a big data set around transportation. These rising prices can cut into the profits of manufacturers, distributors, and retailers who are reliant on this form of energy for powering their facilities. Graph of Russia War SupplyChain Interdependencies.
Introduction Global trade has entered a new era of volatility, with tariffs and trade restrictions already proving to be powerful tools of economic policy. Supplychain and procurement leaders must now navigate an increasingly complex regulatory environment, balancing cost efficiency with risk mitigation.
In the world of supplychain and logistics, the built environment comes in many forms, from warehouses and logistics parks to the buildings associated with ports and terminals. Start looking into your built environment and try to understand the potential cyber risks posed by it.
To stay ahead of the curve, industry leaders are turning to data-driven strategies and artificial intelligence (AI) to transform how they manage inventory, forecast demand, and optimize the entire spare parts lifecycle. This lack of transparency hampers accurate demand forecasting, procurement efficiency, and inventory optimization.
Yet, numerous global supplychains today still struggle with mapping their global suppliers. For example, in the life sciences industry, biopharma companies increasingly rely on contract manufacturing and development organizations (CDMOs) to address biologics manufacturing production and capacity demand.
In order to accelerate the learning, this article has gathered 20+ most sought-after supplychain case studies, analyzed/categorized them by industry and the findings are presented. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production.
What is supplychainriskmanagement? Supplychainriskmanagement is the process of identifying and managing issues within a supplychain. ordinated approach to implementing strategies to manage both daily challenges and unique risks.
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.
Author’s Note: The following is the forward I wrote for a new textbook published by MercuryGate (a Talking Logistics sponsor) on “ Modern Technology for Transportation Optimization ,” which is available for purchase on Amazon.com. The word “optimization” is ubiquitous in the supplychain and logistics industry.
The Covid-19 pandemic has exposed the fact that many supplychains remain inadequately prepared for a crisis. Supplychainmanagement and procurement sit poised on the frontlines of managing global supplyrisks for their brands. Gaining a Full Picture of SupplyChain Threats.
Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?
New supplychain challenges creating new opportunities : Fundamental shifts in technology are remaking supplychains as we know them, bringing together the digital and physical worlds. Here are some examples: a) 3-D printing is shifting manufacturing to the point of consumption.
BluJay Solutions Raises up to $500 Million New Financing to Drive Accelerated Growth. LevaData to Transform Strategic Sourcing for Global Procurement and SupplyChain Leaders. Manhattan Transportation Management Enhancements Enable the Acquisition and Supervision of Additional Shipment Capacity.
Predictable risks are still causing significant losses on a daily basis. Many organizations are losing millions, and in some Global 3000 cases, billions of dollars a year due to ineffective supplychainriskmanagement and monitoring. Many procurement teams are finding holistic approach can provide huge advantages.
Look at the process enabling tools. Specifically, what does your supplychain team use to managesupplychain planning? Survey after survey points to spreadsheets as one of the primary tools used along with ERP systems and homegrown solutions.
Then, as a treat, we have 10 more bonus supplychain trends for 2016 in the form of an infographic from irms 360 Enterprise, a Cloud Warehouse Management System. SupplyChain Trends 2016: 5 Additional More Areas of Focus. A Bigger Focus On SupplyChainRiskManagement, Especially Resiliency.
A fresh set of supplychain strategies are need, the quicker the better. Combine this with an uncertain trade environment with unprecedented market volatility and the impact of ongoing legal, regulatory and taxation changes, and you have a perfect supplychain storm brewing.
I have been having a number of fascinating interviews with Chief Procurement Officers this past week on the subject of procurement analytics and supplymanagementrisk. Supplychainriskmanagement brings up a whole host of issues – and as one executive pointed out, is rather a sophisticated concept.
As an experienced business professional, he has served in diverse roles ranging from Marketing and Strategy, to Procurement and SupplyChain. He is a frequent speaker, college lecturer and author on topics that include SupplyChainRiskManagement, Environmental Sustainability and Governance, and the use of new A.I.
Unlocking the Potential of SupplyChain Digital Twins July 19, 2024 Article Table of Contents With the rising number of global regulations , sustainability demands and market fluctuations, the need to predict supplychain disruptions, mitigate risks and enhance procurement processes has never been greater.
Forecasting is about managingrisks. Major organisational and cultural changes lie ahead for supplychainmanagement. The supplychainsoftware industry is in a considerable state of flux. 14 | Profile Rhiannon Davies, Vice President SupplyChain, GrandVision.
Everyone who follows automotive supplychains knows that there will be no short-term solution: there is massive pandemic-fueled demand for chips and carmakers are competing with consumer electronics manufacturers who secured stock first.
Do you currently work primarily with Life Sciences clients at Resilinc? I have nearly 30 years of experience as a global procurement and supplychain leader in High-Tech and Life Sciences. I’ve seen an increase in the number of large and medium-sized Life Sciences companies that are investing in supplychainriskmanagement.
One of the new tools available to decision makers is predictive analytics. Gracie Myers, a researcher with Research Optimus, writes, “Predictive analytics is being applied toward all facets of business operations and processes to help anticipate events, avoid risks, and create solutions.
This wealth of data is critical for achieving supplychain resilience , helping organizations navigate larger and more complex supplychains along with challenges that range from procurementrisks and global regulations to sustainability demands.
They are: Tracking products moving through the supplychain. Tracking payment information, such as purchase orders. Managing trade documentation. Managingsupplychainrisk. Managing demand and supply planning. Managing inventory. Managing freight transportation.
Issues with Many SCRM Programs Supplychainmanagement and supplychainriskmanagement (SCRM) have become a greater priority for businesses and government organizations in the last five years, according to Gartner. We refer to this as the TRADES framework.
Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? For related commentary, see: TMS in the SMB Market: The Evolution Toward Software-as-a-Self-Service.
Supplychainmanagement is about more than improving your costs and efficiency—supplychainmanagement has steadily become more complex as businesses increase their global reach and markets are shifting. Improve Your SupplyChainRiskManagement. Audit Your SupplyChain Security.
Daniels has worked to change how organizations and government agencies perform supplychainmanagement and supplychainriskmanagement (SCRM) at scale. Carrie Wibben , President of Exiger Government Solutions. He performed significant work with Fortune 500 manufacturers and the U.S.
Resilinc’s Rick Freeman weighs in on the future opportunities for high-tech and semiconductor companies Despite the stabilization of the high-tech and semiconductor supplychain, the industry still faces pressure due to ongoing import/export restrictions and changing regulations governing semiconductor production and sourcing.
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