Building the Business Case for Supply Chain Risk Management

Cerasis

But there are some risks. Do you think that your supply chain management is good enough for this market? That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. Without a doubt, managing supply chain is nothing but easy. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.

Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. That’s why companies are always looking for new ways to streamline and increase efficiencies while also mitigating the risk within their supply chain. From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. Understanding Supplier Risk Management.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

Cerasis

This post is the second in a series of “How to Spot Supplier Risk.” ” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. Enhancing Supplier Risk Management Through On-Site Evaluations. The second article in our series on identifying supplier risk explores what to look for during on-site evaluations.

Supplier Risk Management Considerations for the Coronavirus Outbreak

ivalua

This crisis demonstrates the increasingly global nature and complexity of supply chains and the imperative to manage the risk within this complex supply chain. While many leading organizations have developed programs to manage and deal with supply chain disruption, this situation is a unique challenge for even those organizations with advanced risk management programs.

Equipping Your Supply Chain Risk Management Kit

Enterra Insights

You might find then find it surprising that a recent survey, conducted by Verdantix, found more than half of the company representatives who responded indicated “they still use a mix of spreadsheets and paper” as part of their supply chain risk management process.[1] ” It is fair to say that companies using pre-digital age risk management processes may not be taking risk management seriously enough. Digital age risk management tools.

WHITE PAPER: Supplier Risk Management

Bristlecone

In our global economy, extreme complexity exists in today’s supplier management function, and there is great risk to supply chain continuity, particularly when little to no visibility exists. What are the financial, geopolitical, IT and supplier capability risks? What can poor supplier management lead to – and how do you prevent it? This white paper answers these questions and outlines strategies for supplier management and risk mitigation.

Next Generation Supply Chain Risk Management: A Case Study

Logistics Viewpoints

We are entering an era where it is becoming possible to detect supply chain risks much more quickly. In a discussion with AGCO’s Jan Theissen, Director of Strategy and Methods, and Jake Stone, Manager of Supply Chain Risk and Contract Management, I learned about this public, Atlanta headquartered corporation’s […]. Supply Chain Risk Management Procurement/Sourcing Supply Chain Visibility supply chain sourcing Risk AGCO

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

In thinking about the show and its construct I thought about the incredible amount of risk that the performers and producers are managing. These world class performers have astonishing talent but they are also working in an environment designed to eliminate risk and maximize safety. Supply Chain Professionals, although not usually theatrical, also work in an environment in which they are managing a tremendous amount of risk. Supply Chain Risk Management.

Supply Chain Risk Management Forum 2016

Supply Chain Movement

Supply Chain Risk Management Forum. URL: www.bisgrp.com/portfolio/conferences/other/supply-chain-risk-management-forum. Managing risk within supply chains is becoming a growing issue that merits focused attention because most organizations are facing significant challenges and they need to adopt a proactive approach towards managing these risks in order to reap competitive advantage through their supply chains.

Why Procure-to-Pay Software is Critical Today

ivalua

This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. 1.Investing in Procure-to-Pay solutions is seeing the bigger picture. Procure to Pay Uncategorized

Supply Chain Risk Management – 5 Approaches to Safeguard your Supply Chain

ThroughPut

What is Supply Chain Risk Management? Supply Chain Risk Management (SCRM) is defined as the process of taking those strategic steps which can help manufacturers identify, analyze, assess, and finally mitigate the risk in the end-to-end supply chain.

Policy or Practice? Supply Chain Risk Management in Reality

All Things Supply Chain

Procurement and supply chain management are logical functions. Work through a process, and you can bring spend and transactions into a managed state. Apply a framework and you can bring… Supply Chain Management risk management supply chain management supply chain transparency

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Lillian Ablon, an information scientist at the RAND Corporation, told Koebler and Cox, “Supply chain risk management is difficult enough for conventional threats (disruptions in operations caused by natural disasters, financial failures, poor quality, etc.).

Supply Chain Risk Management Requires Pre-crisis Preparation

Enterra Insights

Supply chain risk management teams know the world is full of challenges and complexity. Trying to prepare for every potential risk to supply chain operations is impossible; nevertheless, some preparation must be made in order to prevent or mitigate significant disruptions to operations. As more and more companies transform into digital enterprises and implement digital supply chains, cybersecurity has risen near the top of the risk management priority list.

Risk Management: Is 2018 the Year of Living Dangerously?

Enterra Insights

It has also always had issues: supply chain complexity; global competition; information collection challenges; and greater risk from global events including natural disasters, port closures and anti-global sentiment. ” Taken as a whole, the issues raised by Monahan and Gott are enough to keep any risk manager awake through the night. ”[2] Those risks are: 1. As we step into 2018, enterprises must realize the risks associated with their IoT ecosystem.”

Direct Material Woes: Seven Steps to Take to Improve Value

Supply Chain Shaman

With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct material procurement. My goal is to have supply chain leaders consider a procurement redesign for 2017. As shown in Figure 1, roughly one in two supply chain organizations have responsibility for procurement. Most of the focus in the last decade was on indirect procurement. The opportunity is in the management of direct procurement. It is fall.

Supply Chain: The True Game of Risk

Supply Chain Shaman

One of my favorites was the board game Risk. ” The rules have changed, and the risk increased. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks. This increases risk. Historically, the risk management focus was to reduce insurance costs. What is Risk Management? Not All Risks can Be Prevented.

eWorld Procurement & Supply 2016

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Since 2001, eWorld Procurement & Supply, in association with Chartered Institute of Procurement & Supply, has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives. Procurement Automation. Internet of Things (the impact on procurement). Risk Management & Legislation.

The procurement Summit 2016

Supply Chain Movement

The procurement Summit 2016. Launched in 2014 and brought to you by the eWorld Procurement & Supply team, The Procurement Summit will provide senior purchasing, sourcing and supply chain executives across the North of England with an unmissable opportunity to keep up-to-date with the latest industry innovations, best practice and new technology solutions. The Procurement Summit will provide: Educational seminars on the latest industry issues. Procurement Metrics.

eWorld Procurement & Supply September 2016

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Since 2001, eWorld Procurement & Supply has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives. eWorld Autumn 2016 will take place at the QEII Centre central London on Tuesday 27th September and will focus on hot topics such as: Brexit: How to Prepare and What Does it Mean for Procurement?

Florence Et Al.

Supply Chain Shaman

Plot Your Supply Chain Risk. There are also the non-obvious risks Inland rivers are swollen. While most think of risk management as a set of supply side impacts, the issues of sensing and translating demand are even greater as risk for most companies. Risk Management Issues. Procurement Risk management Uncategorized disruption hurricane readiness risk management transportation

eWorld Procurement & Supply – 22 September 2015

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. The UK’s most comprehensive business forum for Procurement, Sourcing and Supply Chain Technologies. Since 2001, eWorld Procurement & Supply has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives. Improving collaboration across the enterprise Stakeholder engagement and change management.

Digital procurement marketplace connects hospitals responding to coronavirus outbreak

Resilinc

supply chain risk management SCRM Best Practices supply chain resilience supply chain risk Supply Chain Impact business continuity coronavirus update supply chain delays coronavirus impact The exchange

Procurement & Supply Chain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!

ivalua

Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. Next month, on May 5 th and 6 th , I’m looking forward to what looks like an interesting and worthwhile virtual Procurement conference – Ivalua NOW 2020 Virtual Edition. . Do you remember the days when we used to attend these things called “conferences”?

Procurement Terminology is a Mess!

Supply Chain Game Changer

Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. From one Procurement organization to the next, terminology differs. Procurement is a function, that is undergoing transformation; technologically and ideologically. Maybe we are camouflaging procurement with language: if no-one else understands what we do (or say) we will be safe from being replaced or consumed by other functions.

Ivalua Study: Tech Challenges Hinder Procurement

ivalua

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. 31 March, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. The post Ivalua Study: Tech Challenges Hinder Procurement appeared first on Ivalua

Study 100

Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1

Cerasis

Under the current COVID-19 global pandemic, managing risk in the supply chain has taken on a renewed importance. Procurement teams continue to struggle with finding available suppliers and shipping capacity to enable supply chain responsiveness. The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1 appeared first on Transportation Management Company | Cerasis. Risk Management Supply Chain risk in the supply chain

Ivalua Launches Enhanced Third-Party Risk Management Capabilities

ivalua

New Risk Center adds capabilities and integrations to extend existing leadership in enabling holistic management of supplier risk. Redwood City, CA – November 12, 2019 – Ivalua, a global leader in spend management , today announced the release of an enhanced third-party risk module, called Risk Center, available as part of its latest product release. The global supply chain is a breeding ground for hidden sustainability and CSR risks.

Modern CPOs on their way to Smart Procurement

ivalua

Last week, the Ivalua team attended an interesting CPO Round Table organized by the CIPS MENA in Dubai on the theme “Enabling Smart Procurement Today.” Today, they are tackling new priorities like risk management, supplier compliance, actionable insights. The question is then How can Smart Procurement help the Modern CPO to be successful and manage today’s uncertainty? Author Yasmine Brisson , EMEA Marketing Manager, Ivalua.

Procurement Interview Questions & Answers

Supply Chain Game Changer

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. This is particularly apparent if you are hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business. Check out this list of 25 Procurement and Purchasing questions and answers. What is risk management?

CSR Is A Core Component of Supply Chain Risk Management In Procurement

EcoVadis

Now more than ever, risk management is a vital part of the procurement function, and hence the CPO’s responsibilities. What are the potential costs of failure for your company when it comes to supply chain risks? According to the 2013 Sustainable Procurement barometer developed by HEC/Ecovadis, risk management remains a critical driver with 80% of companies implementing a “Code of Conduct” and 58% focusing only on high risk suppliers.

AI + Data = Supply Chain Risk Management!

Supply Chain Game Changer

As we see from Deloitte’s CPO Survey in 2018, AI is only fully deployed in 2% of procurement organizations and is far from making any real impact at scale within the digital ecosystems procurement teams are so eagerly trying to build. To top it off, there’s only 27% percent of procurement leaders considering AI/Cognitive technology, and 55% who haven’t considered it at all. AI + Data = Supply Chain Risk Management. Subscribe Here! Email Address.

The Hitchhiker’s Guide to Digital Procurement!

Supply Chain Game Changer

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. It’s important that procurement teams take into account the new risk reality and challenges that face them, their organizations and their value chains.

On Your Radar: Important Logistics Trends and Outlook for 2016

Talking Logistics

Robinson , will discuss the following trends and questions: Economic Growth : How to manage costs in a slow-growth environment? Transportation Market : What are some creative solutions to managing transportation spend and capacity more effectively? Bid Season : How do you plan and execute a successful procurement event? Risk Management : Is outsourcing a risk management strategy? Live Episode: Thursday, December 3, 2015 at 12:00 pm ET.

Trends 122

7 Tips: A Guide to Mastering Procurement

Material Handling and Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age. Automation is focusing on risk management, driving innovation, improving cash and increasing revenue.