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Resilinc made a powerful impact at ISM World 2025—highlighting how AI-driven foresight and financial risk intelligence can transform reactive supplychains into strategic assets. Financial Health Ratings dropped from Medium to High Risk for suppliers in just three months in a tariff simulation exercise.
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.
For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital. Or they may have expertise in manufacturing processes and have flexible capacity to allow contract manufacturing for new product introduction. Moreover, this solution offers substantial value for suppliers.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manageprocurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manageprocurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
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.
While we have end-to-end transactional processes (order to cash and procure-to-pay), there is no end-to-end planning solution. Why is the industry focused on supplyriskmanagement without embracing the totality of supplychainriskmanagement? (I End-to-End Planning.
Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Second, many supplychains still lack visibility beyond Tier-1 suppliers. Procurement is another area seeing change. Finally, rigid fulfillment networks compound the problem.
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?
Learn the best practices for supplychainriskmanagement in 2024 from Resilinc, the gold standard for supplychain resiliency. As riskmanagers audit their vendors and programs at the start of the year, it’s also time to clean up old strategies and supplychain practices.
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.
DEALING WITH UNCERTAINTY IN THE MODERN SUPPLYCHAIN In today’s global economy, manufacturers are navigating a landscape riddled with uncertainty. From escalating tariffs and geopolitical instability to natural disasters and labor shortages, the pressure on supplychains has never been greater. The result?
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychainriskmanagement thanks to Ivalua’s Source-to-Contract (S2C) solution.
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?
It demonstrates that reputation is a strategic asset and reputational dependencies exist in the supplychain. Practice Procurement Relationship SupplyChain Integration SupplyChainManagementSupplyChainRiskManagement Triad'
Manufacturing Sectors Client Alert Foreign adversaries are increasingly threatening vital domestic industries through current and potential future restrictions on critical mineral exports. government procurement of critical components. Background Nickel and titanium are critical to the aerospace manufacturing sector.
Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.” ” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supplychains.
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.
Unfortunately, most supplychain executives and their teams focus predominantly on just two factors, the tradeoffs between cost and service, with risk rarely entering the conversation — until a disruption occurs and then everyone goes into panic mode. And the first step is asking “What are the risks?”
We are entering an era where it is becoming possible to detect supplychainrisks much more quickly. AGCO is a global leader in the design, manufacture and distribution of a wide range of agricultural equipment. A case in point is offered by AGCO.
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)?
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.
” 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. ” Reputational risk.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important?
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.
A common challenge for procurement and supplychain professionals is obtaining support from C-level leaders to invest in a robust supplychainriskmanagement (SCRM) program. Collaborate with stakeholders in finance, sales, manufacturing, etc., Ready for a more resilient supplychain?
Supplychain disruptions are continuing to occur for a variety of reasons. Weather delays can affect shipping lanes, manufacturers face product shortages, demand continues to spike for certain products, containers are difficult to acquire, and the trucking industry faces a driver and capacity shortage, just to name a few.
From reactive issue management to proactive strategy. GSK’s approach to supplychainriskmanagement has evolved substantially over the last several years, inspired and enabled by Resilinc. That has become a key driver for us—how riskmanagement and resilience can lead into strategy.”.
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. Indirect Supplier Management in Three Industries appeared first on Ivalua.
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. All rights reserved.
Cross-functional teams: Forming cross-functional teams that involve representatives from various departments, such as procurement, production, and logistics, can enhance collaboration and enable a holistic approach to lead time reduction.
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.
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? Today’s complex supplychains are almost inevitably subject to disruption.
The SupplyChain Matters blog provides commentary relative to July’s global manufacturing PMI indices relative to data indicating declining momentum, and some contraction among specific global regions. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. Global Wide Production Activity. slipping 2.3
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.
Is it possible these things have impacted the sourcing, manufacturing, and delivery of my cologne? I may be overly concerned about the receipt of my order, and I do have some safety stock levels with my current cologne, but since the company has not charged my card, it also make me think about economic risk.
based TC-99m generator manufacturers and their known customers. based TC-99m generator manufacturers and their known TC-99m customers over the last five years, via DDIQ Analytics. Contact Exiger to learn more about how advanced technology solutions in the 1Exiger platform can improve supplychainriskmanagement for your organization.
Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supplychain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.
Raw Material Shortages Are Affecting a Challenged SupplyChain. 49% of respondents were from the manufacturing industry, 16% from the mechanical engineering sector, and 11% from the automotive market. 95% of supplychain executives report having a formal supply-chainrisk-management process following Covid-19.
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.
Now more than ever, riskmanagement is a vital part of the procurement function, and hence the CPO’s responsibilities. One main reason is because supplychains are growing longer and are getting more complex. Conventional thinking about supplychains and supplier risk is outdated.
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.
When Cooper began putting their vendors into the platform, they began to see that with certain product categories there was concentration risk. Many of their suppliers were using the same sub-tier manufacturers. The way a company responds to the risks depends upon the category and the severity of the risk.
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