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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. Both scenarios carry hidden dependencies, but overreliance on single or sole sourcing is increasingly a hidden challenge.
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.
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.
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.
That’s when it all gets extremely complicated, but one thing remains crystal clear: supplychainriskmanagement is profoundly important for businesses to grow and expand. For example, Deloitte reported that 85 percent of global supplychains experienced at least one disruption caused by fraud or abuse in 2016.
The company, heavily invested in Canadian manufacturing, faced a crisis because its raw materials were sourced from outside North America, disqualifying it from USMCA tariff exemptions. Establish inventory reserves in key markets to avoid supplychain disruptions.
Direct Procurement : Milk is collected directly from farmers at the village level. Amul has also implemented a Geographical Information System (GIS) at both ends of the supplychain (milk procurement and marketing). This empowers them to have a stake in the business and share profits.
For years, supplychains were engineered to be lean. Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Recent years have brought a series of disruptions that exposed vulnerabilities in how supplychains are designed.
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/SourcingSupplyChain Planning SupplyChainRiskManagement financial supplychain GT Nexus IFC'
You have a supplychainriskmanagement strategy in place. This key supplier had been identified and sure enough, you have a second source primed and ready to go. A few hours later, your procurement head walks in the office. “We We have a problem.” The alternate source uses the same supplier in Taiwan.
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.
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?
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.
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.
Like every industry Procurement & SupplyChain 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. The May 5 th programme is open to everyone, while the 6 th is limited to current Ivalua customers. .
years and companies can expect to lose 42% of one year’s EBITDA every decade due to supplychain disruptions. Herculean efforts by Procurement and SupplyChain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. .
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.
In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design and why. Much of this has to do with needs for deep integration and two way flow of data streams.
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.
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? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
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.
” 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. ” Value at Risk.
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)?
This kind of disruption causes major dislocation in the sources of demand and shifts the centers of gravity for demand, forcing organizations to rethink their supplychain design. There are just three of the many more disruptive forces with knock-on effects across the global supplychains.
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).
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 […].
These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supplychain disruptions caused by weather, geopolitical events and other hazards in near real-time.
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.
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.
Let’s first understand the meaning of “enterprise riskmanagement” and how it relates to supplychainriskmanagement. What is Enterprise RiskManagement? How is ERM different from supplychainriskmanagement?
To research, develop, produce, and distribute its pharmaceuticals, vaccines, and consumer healthcare products, the firm has “a massive global footprint, sourcing ingredients and commodities from all over the world,” said Gupta. From reactive issue management to proactive strategy. So was an early pilot test of proactive SCRM. “We
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.
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?
Exiger Earns Categorys Highest Functional Scores in Both SupplyChainRiskManagement and Third Party RiskManagement WASHINGTON, DC. SolutionMap data is acquired through the completion of an in-depth RFI to validate the true capabilities of procurement solutions.
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.
Exiger has previously analyzed Chinas regulatory moves to restrict these minerals trade flows, highlighting the need to identify alternative sources of supply. government procurement of critical components. national security and the sustainment and procurement related to critical U.S. Following the U.S. weapons systems.
Supplychainriskmanagement (SCRM) is often discussed in terms of prevention, mitigation, and recovery. ” Supplychainriskmanagers undoubtedly agree with that sentiment. ” The simple fact is: The more global a supplychain the more difficult it is to make it resilient or robust.
Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source. Buying organizations use this technology to monitor and analyze supplier risk events in real-time. A customer of the risk solutions begins by listing key suppliers.
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.
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?
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.
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.
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.
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