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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

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As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Procurement technology can also help businesses improve supplier relationships and enhance communication between buyers and suppliers.

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The Benefits of Onshore Supply Chains

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This has led many companies to consider diversifying their networks to include more onshore suppliers in order to reap the benefits of having a supply chain that’s a bit closer to home. . In many cases, international markets have different environmental and ethical regulations when it comes to how suppliers operate and treat their employees.

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Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

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Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Navistar had a jump start on putting robust systems in place, but their suppliers didn’t.

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8 Steps to Building Supply Chain Resilience for Manufacturers in a Post-Covid World

ivalua

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Navistar had a jump start on putting robust systems in place, but their suppliers didn’t.

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An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

For contracts being developed or negotiated during this period of unusually high inflation, an EPA clause may be an appropriate tool to equitably balance the risk of inflation between the Government and contractor. Tenaglia wrote the following. 95] The clause fixes each adjustment to the PPI. [96] FAR 52.249-14(a).