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Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. With that in mind, let’s take a look at how supplier risk management can benefit your business and prevent the disruption of services. Understanding Supplier Risk Management. Product recalls.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

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Zara – The Benefits of Agile Procurement / Supply Chain

ivalua

Deep Collaboration: Suppliers are all close to Zara factories and collaborate tightly, so Zara can order on an everyday-need basis. . Production Feedback: Everyday, store managers give customer feedback to the market specialists, who then pass the information along to production & design teams.

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Procurement strategies shifting to restore growth post-COVID-19, reveals Ivalua research

ivalua

For organisations, top-line growth is being limited by procurement systems that are too rigid to support new ideas (75%); processes and systems that don’t enable effective, scalable supplier collaboration (71%); and a lack of integration among source-to-pay systems (71%). Inaccurate data leads to inventory management challenges.

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Procurement Strategies Shifting to Restore Growth Post-COVID-19, Reveals Ivalua Research

ivalua

For organizations, top-line growth is being limited by procurement systems that are too rigid to support new ideas (75%); processes and systems that don’t enable effective, scalable supplier collaboration (71%); and a lack of integration among source-to-pay systems (71%). Inaccurate data leads to inventory management challenges.

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Retail Recovery: 4 Ways Procurement Can Unlock Savings and Add Value

ivalua

Disrupted supply chains had many retailers looking for alternative local suppliers for equipment, materials, supplies, and more. . Procurement can also assist retailers in setting up direct-to-supplier relationships with goods and services providers, and eliminate the middleman altogether. . Attack GNFR Spend.

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The Impact of US Tariffs on UK Supply Chains: What You Need to Know

Oxford College of Procurement and Supply

For procurement professionals, this development presents new challenges in cost management, supplier relationships, and regulatory compliance. Suppliers may struggle with increased operational costs or choose to focus on markets with fewer trade barriers.