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Supplier Risk Management Considerations for the Coronavirus Outbreak

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While many leading organizations have developed programs to manage and deal with supply chain disruption, this situation is a unique challenge for even those organizations with advanced risk management programs. Are suppliers struggling financially without access to the Chinese markets, jeopardizing their viability? .

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It’s Time to Rethink Supply Chain Risk Management

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Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. For example, nearly half (43.9%) of CPOs responding to a recent survey by Ardent Partners indicated that they do not know what percent of their suppliers are high risk. Few knew until impacted.

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What are the best Supply Chain Strategies for 2021

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Supply Chain Risk Management on the World Stage – Lessons Learned. However, during the pandemic, these concepts have “hamstrung” many organizations causing them to re-evaluate many of these strategies. Managing Risk Across the Supply Chain Remains Challenging.

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Supplier Risk and Performance Management

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A checklist guide to getting the most out of your supplier risk management program. The wave of globalization has made businesses more reliant upon their suppliers than ever before. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. .

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Ivalua Launches Enhanced Third-Party Risk Management Capabilities

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New Risk Center adds capabilities and integrations to extend existing leadership in enabling holistic management of supplier risk. The latest innovations extend the existing strength of Ivalua’s Supplier Management solution, which had already been recognized as a Leader by Forrester Research Inc.

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Ivalua Recognized as A Leader in Supplier Value Management Platforms, Q1 2022 report

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Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. In today’s dynamic and uncertain environment, strong supplier relationships are a key competitive advantage. About Ivalua.

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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.