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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

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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A Balancing Act: Drive Sustainability while Managing Cost and Risk

ivalua

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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From a recent practitioner: More of what’s ahead for federal acquisition in 2024

Federal News Network

However, I can say that there’s incredible plans underway to continue to deliver more value to our citizens, to our customers, to create a much more equitable, inviting, successful marketplace for suppliers and to continue to make it easy for people who do business with the government. We asked a question of ourselves almost every day.

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2021 Will Give Way to Big Changes in Supply Chain Practices 

ivalua

One of the most important issues the pandemic exposed has been that most manufacturers have only a limited view into any of their suppliers beyond Tier One. Most have little understanding of who is supplying their suppliers or those supplierssuppliers. How do you assess that risk? Check supplier finances.