This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
In order to effectively managerisks in the current unstable global marketplaces, many suppliers have a thorough understanding of their own suppliers as well as supplychain bottlenecks that extend past the top tier of suppliers. Moreover, this solution offers substantial value for suppliers.
So, what can supplychain leaders do right now? Instead of broad, theoretical solutions, we need to go deeper and identify the tangible levers companies can pull to adapt. Establish inventory reserves in key markets to avoid supplychain disruptions.
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?
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?
Are ERP systems better than best-in-class supplychainsolutions for managing healthcare supplychains? What are the pros and cons, and what supplychain strategy will pave the way to higher margins, improved supplychainriskmanagement in healthcare and improved patient care?
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.
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. Work to achieve 100% supplychain visibility.
According to a July 2014 supplychain research study from Accenture focused on Big Data and supplychainriskmanagement, most organizations have high hopes for using big data analytics in their supplychain but many have had challenges in deploying it.
Exiger Earns Categorys Highest Functional Scores in Both SupplyChainRiskManagement and Third Party RiskManagement WASHINGTON, DC. Exiger was recognized as a Best-of-Breed Solution and named a Value Leader for the second consecutive release of Spend Matters biannual report.
Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions. 2015 is less than three weeks away, and a barrel of Brent crude oil is $65.70
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.
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.
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).
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. While Procurement might not consider these relationships strategic, they are critical nonetheless.
Daniel Koh is currently leading a team of 130 sourcing and pricing professionals globally. He had taken on a few leadership roles in Flex such as Procurement Compliance Director, led the Global Sourcing team, and is currently member of Flex SupplyChain Council and SupplyChainRiskManagement.
Learn how Resilinc is using predictive AI and generative AI to innovate supplychainriskmanagement. In part one of our AI in supplychain blog series, “ How is AI Revolutionizing SupplyChainRiskManagement?”,
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.
FourKites , a provider of real-time transportation visibility solutions, has a big data set around transportation. But if the supply is totally cut off, the impacts will be dire. Graph of Russia War SupplyChain Interdependencies. Software and IT services account for 13% of supplier relationships between U.S.
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.
Learn how our acquisition of leading defense and microelectronics parts intelligence capabilities, software bill of materials (SBOM) analytics, and multi-tier visibility AI provides advanced supplychainriskmanagement technology for SCRIPTS. defense, energy, and tech sectors amid escalating geopolitical tensions.
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.
But before I bring out the lawn mower and tool box, here’s the supplychain and logistics news that caught my attention this week: Mondelez Says Cyberattack Cost it Business (WSJ – sub. AscendTMS Launches Commission System In Logistics TMS Software. Source: Walmart. ACT Research: N.A.
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.
The latest innovations extend the existing strength of Ivalua’s Supplier Managementsolution, which had already been recognized as a Leader by Forrester Research Inc. in the most recent The Forrester Wave : Supplier Risk And Performance Management (SRPM) Platforms, Q1 2018.
Internal supplychainrisks are related to the company's own operations, for example, inefficient purchase order approval workflow or inaccurate budget estimates. Importance of SupplyChainRiskManagementRiskmanagement is an important component of a general supplychainmanagement strategy.
A critical part of any supplychain is an effective and efficient supplychainriskmanagement (SCRM) program. Supplychains do not respect functional boundaries. Stone , Vice President of SupplyChainRiskManagement at Exiger Government Solutions.
There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. Managing transportation at this scale is the absolute challenge.
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?
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.
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.
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.
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.
Automating purchase-to-pay processes. The basic purchase-to-pay (P2P) processes for managing and recording the procurement transaction are already automated to some extent in many organisations. Sourcing suppliers and awarding contracts. Supplychainriskmanagement. Driving innovation.
The Green Corridor: Resilience from Diversification by Timothy Foote, Founder of Susymbio Access to Sustainable Power is the Challenge of Our Time, but when clean power sources are diversified it promises more stability for our future. Sadly, Malawi’s most used local source of power is its shrinking forests.
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.
So, while COVID-19 may not be changing the future of supplychain, it certainly helped make the case for digital transformation – which is great news for supplychain and procurement professionals who have been trying to persuade the top brass to embrace change. What supplychain trends will we see this year?
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.
They’re starting to have real impacts on businesses that rely on global supplychains, from hospitals to automobiles and it has multinationals starting to wonder if it’s even possible to pivot away from China as a supplier. Learn the importance of incorporating the financial dimension in supplychain planning.
. … The most important one is that there is a need to not only look at the demand side but to also look at the supplychain when one wants to improve the customer experience, especially when the customer intention is a purchase.”[2] ” • Improve supplychain visibility. ”[3]. ”[7]. .”
Article Empowering Ethical Sourcing: Eliminating Forced Labor with SupplyChain Intelligence Article May 30, 2024 Navigating the complexities of global supplychains reveals a troubling reality: The prevalence of forced labor is more common and obscured than many businesses realize. Why are they risky?
José Carande, Managing Director, Accenture Strategy, explained some of the difficulties and challenges faced by banks and financial services companies at a JAGGAER webinar on October 8, 2020. Attijariwafa Bank has successfully implemented a source-to-contract solution with the JAGGAER ONE platform.
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.
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.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content