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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. The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and risk management. With this capability, procurement departments can keep abreast of market trends and utilise strategic sourcing opportunities.

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Supplier Risk and Performance Management

ivalua

A checklist guide to getting the most out of your supplier risk management program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . Employ more structured processes around supplier risk management. Drive competition and achieve savings.

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Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

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. Strategic sourcing professionals may end up doing tactical work, as well.

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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. Strategic sourcing professionals may end up doing tactical work, as well.

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What are the Supply Chain Management Lessons to Learn from the Covid-19 Crisis

ivalua

Some lessons regarding managing supply chain risk may still help in the near term as companies struggle to reconfigure their supply base to an evolving pandemic. First, category managers should look to investment professionals and take a broad portfolio view of supplier risk management.

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AI effort to improve contractor performance ratings stalls

Federal News Network

Mike Smith, a former director of strategic sourcing at DHS and now executive vice president at GovConRx, said with the successes of the DHS and other pilots, he hoped the FAR Council would take up this project and support CPARs reforms. But if everyone is rated satisfactory, then CPARs has little to no real value.”