Remove Balance Remove Risk Management Remove Supplier
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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. Additionally, procurement technology can help organizations improve compliance with regulations and reduce risk.

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In the Middle East, the Need for Risk Management Guides the Transformation Journey to Procurement 4.0

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Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. Striking the Balance between People, Process and Technology. Will digitization improve performance?

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A Balancing Act: Drive Sustainability while Managing Cost and Risk

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Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Geopolitical manipulation on suppliers worldwide adds to the pressure.

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The Future of Supplier Management is Here, and it’s Holistic

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The Future of Supplier Management is Here, and it’s Holistic. Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. In fact, they go beyond simply supplier management, what they do is Supplier Engagement.

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The Secret to Effective Supplier Onboarding – Tiering 

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One size does not fit all when it comes to supplier onboarding. Best practices have evolved to a tiered approach that segments suppliers and adapts to dynamic business needs. . A tiered approach to supplier onboarding helps Sourcing and Procurement leaders develop a sensible list of checks and resources.

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Tightening the Alignment between Procurement and Corporate Leaders 

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Not surprisingly, risk management and cost reduction are considered the most important priorities for Procurement professionals (see image 1). . Therefore, you would expect that Procurement is ready to play an active role in managing supplier risk. Risk Management is Top of Mind. Main Corporate Risks.

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A Rare Opportunity To Reset And Accelerate

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Will businesses go backwards due to necessity and survival or will they step up and push forward to go further and faster to achieve the right balance? On the business side, it may question the raison d’être and bring focus to finding the right balance between society, the environment and the economy. Balancing the Imbalanced.