Enterra Insights

OCTOBER 17, 2019

You might find then find it surprising that a recent survey, conducted by Verdantix, found more than half of the company representatives who responded indicated “they still use a mix of spreadsheets and paper” as part of their supply chain risk management process.[1] ” Footnotes. [1]

Supply Chain Risk Management 100

Supply Chain Risk Management Supply Chain Planning Software Supply Chain Design Software Risk Management 100

Supply Chain Game Changer

FEBRUARY 5, 2020

As we see from Deloitte’s CPO Survey in 2018, AI is only fully deployed in 2% of procurement organizations and is far from making any real impact at scale within the digital ecosystems procurement teams are so eagerly trying to build. For example, robots performing key process steps in manufacturing plants” ( arkieva.com 2017 ).

Supply Chain Risk Management 73

Supply Chain Risk Management Risk Management Supply Chain Software Gartner 73

Talking Logistics

JANUARY 5, 2014

Natural disasters like the Japan earthquake, product shortages due to quality issues, the impact of currency rates on product costs and demand, and disruptions caused by IT service failures or security breaches are just a few examples of the risks supply chain executives face every day. Use them to your advantage.

Logistics Network Optimization Software 213

Logistics Network Optimization Software Supply Chain Software Supply Chain Strategy Cost Reduction Strategies 213

Logistics Viewpoints

AUGUST 29, 2022

Supply Chain Risk Management Solution from riskmethods. If I was asked to vote for the most interesting solution set that has come to the fore over the last few years, my vote would be for supply chain risk management solutions. Supply Chain Risk Management Vendors.

Risk Management 230

Risk Management Supply Chain Planning Software Supply Chain Design Software Supply Chain Risk Management 230

Logistics Viewpoints

OCTOBER 17, 2024

An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. Make Strategic Commitments During Supply Chain Disruptions During crises such as semiconductor shortages or other supply chain disruptions, make firm, long-term commitments to suppliers.

Manufacturing Procurement 262

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 262

Resilinc

JULY 26, 2024

Learn the supply chain risk management maturity model stages from Supplier Risk Management to antifragility. The way that businesses talk about (and manage) supply chains is changing rapidly. Supplier Risk Management What is Supplier Risk Management (SRM)?

Supply Chain Risk Management 62

Supply Chain Risk Management Modeling Risk Management Modeling Software 62

ivalua

FEBRUARY 25, 2021

What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

Supply Chain Planning Software 221

Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software Supply Chain Software 221

Resilinc

DECEMBER 5, 2023

In reality, supply chain AI has been helping to address the complexities of global supply chains for over the last decade. Yet, numerous global supply chains today still struggle with mapping their global suppliers. Enter the future of AI in supply chain. appeared first on Resilinc.

Supply Chain Risk Management 75

Supply Chain Risk Management Risk Management Modeling Agile and Lean Supply Chain 75

ivalua

NOVEMBER 26, 2020

Many nations are now facing the prospect of new lockdowns which will undoubtedly further impact global supply chains. . Supply Chain Risk Management on the World Stage – Lessons Learned. The post What are the best Supply Chain Strategies for 2021 appeared first on Ivalua.

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

Exiger Perspectives

OCTOBER 31, 2024

How is AI changing supply chain risk management , and what does it mean for the future? These questions were part of a recent discussion featuring Exiger CEO Brandon Daniels about AI impacts on supply chains. Arjun Mehta: How is AI impacting supply chain risk management?

Supply Chain Risk Management 52

Supply Chain Risk Management Supply Chain Planning Software Risk Management Supply Chain Software 52

Logistics Viewpoints

APRIL 8, 2024

These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supply chain disruptions caused by weather, geopolitical events and other hazards in near real-time.

Supply Chain Software 282

Supply Chain Software Supply Chain Manufacturing Procurement Predictive Analytics Software 282

ivalua

MAY 9, 2019

Doug Keeley, Product Marketing Manager, Ivalua. The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. While Procurement might not consider these relationships strategic, they are critical nonetheless.

Supplier Management 145

Supplier Management Manufacturing Procurement Procurement Solutions Optimal Sourcing 145

Exiger Perspectives

APRIL 3, 2023

Why a Supply Chain Risk Management Framework is Needed A supply chain risk management framework is critical for risk identification and effective management of the inherent and imposed risks in today’s business environment.

Supply Chain Risk Management 52

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 52

Resilinc

FEBRUARY 5, 2024

Let’s first understand the meaning of “enterprise risk management” and how it relates to supply chain risk management. What is Enterprise Risk Management? How is ERM different from supply chain risk management?

Risk Management 92

Risk Management Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 92

Talking Logistics

JULY 5, 2017

A great example is a procurement professional who has spent the last 30 years perfecting the art of “buying.” The Vested methodology teaches that the partnering with strategic suppliers outperforms “buying,” but it is very difficult for procurement professionals to let go of old-school dogmas that focus on price and not value.

Supply Chain Design Software 140

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 140

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important?

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 130

Logistics Viewpoints

FEBRUARY 26, 2024

A customer of the risk solutions begins by listing key suppliers. Then the risk solution fills in the gaps. For example, when a UPS strike was looming last year, the Interos solution automatically highlighted Cooper’s strategic suppliers that relied on UPS for shipping.

Supply Chain Planning Software 297

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 297

Talking Logistics

DECEMBER 11, 2014

I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. The EIA now expects that “global liquid fuels supply will continue to outpace consumption, resulting in an average stock build of 0.4 Number one on his list was “‘Non-Zero’ Supply Chains Win.”

Predictive Analytics Software 258

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 258

ivalua

JUNE 1, 2022

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Manufacturing Procurement 130

Kinaxis

SEPTEMBER 6, 2017

An extreme example of this is a ride from Chicago to Colesburg, Tennessee taking 18 days, 13 hours, and 57 minutes! For example, let’s say you modeled the lead time from “supplier A” to your manufacturing facility as 7 days. I used lead time as an example here.

Supply Chain Planning Software 241

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 241

Logistics Viewpoints

APRIL 7, 2022

Even companies that serve markets and rely on supply chains that are not directly affected by the conflict are starting to feel the effects of the war. You will need to engage your procurement, sourcing, and finance teams as part of such an effort. Create a Baseline for your Cost-to-Serve.

Supply Chain Design Software 290

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 290

Exiger Perspectives

OCTOBER 11, 2024

Table of Contents The power of AI to change procurement for the better and deliver major impact was a major theme at this year’s DPW Amsterdam , one of the leading tech events for procurement and supply chain professionals. But only 20% of teams currently use AI at scale. CEO Brandon Daniels.

Negotiating Skills 52

Negotiating Skills Procurement Buyer Training Supply Chain Software 52

ivalua

JUNE 10, 2020

The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. Gaining a Full Picture of Supply Chain Threats.

Risk Management 147

Risk Management Optimal Sourcing Manufacturing Procurement Waste Reduction 147

Supply Chain Game Changer

NOVEMBER 22, 2018

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

Manufacturing Procurement 63

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 63

ivalua

MAY 1, 2020

There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders. Others may still be applied to help businesses better manage the effects of the crisis. Balance Procurement Objectives. Spend under management is key. Yes, cost still matters. The same applies to suppliers.

Negotiating Skills 100

Negotiating Skills Negotiate Pricing Optimal Sourcing Supply Chain Planning Software 100

The Logistics & Supply Chain Management Society

JULY 16, 2023

Risk Management in Global Ocean Context Feature Article by LSCMS Shippers Council Rates have gone down massively in most trade lanes; congestion has eased, and capacity seems sufficient in most sectors. It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal.

Risk Management 130

Risk Management Global Price Reduction Inventory Reduction 130

Talking Logistics

NOVEMBER 2, 2017

I may be overly concerned about the receipt of my order, and I do have some safety stock levels with my current cologne, but since the company has not charged my card, it also make me think about economic risk. Is the foreign country’s currency stable?

Supply Chain Planning Software 118

Supply Chain Planning Software Supply Chain Network Software Supply Chain Software Predictive Analytics Software 118

GlobalTranz

APRIL 25, 2016

If cost reduction is not the only thing to measuring supply chain performance, that begs the questions: "Maybe we should be measuring other Supply Chain Management activities and what would they be?". Inventory measurement is critical and it is money after all in that it took a capital expense to procure.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

ivalua

NOVEMBER 12, 2019

Risk Center’s ability to integrate with third party data providers in real time allows it to meet the unique needs associated with various regulatory environments, industries, and customer compliance models, in an automated fashion.

Risk Management 20

Risk Management Optimal Sourcing Procurement Solutions Modeling Software 20

Resilinc

MAY 21, 2024

A factory fire may receive a lower rating than a major event like bankruptcy, for example. These updates were born out of Resilinc’s push to harness predictive AI to unlock future insights and streamline supply chain risk management. For example, the algorithm can look at historical data and detect seasonality.

Predictive Analytics Software 98

Predictive Analytics Software Predictive Analytics Optimal Sourcing Modeling 98

Talking Logistics

JANUARY 4, 2016

Natural disasters, product shortages due to quality issues, the impact of currency rates on product costs and demand, and disruptions caused by IT service failures or security breaches are just a few examples of the risks supply chain executives face every day. And the first step is asking “What are the risks?”

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Software Supply Chain Strategy Supply Chain 100

Kinaxis

OCTOBER 23, 2015

With extreme weather—running the gamut from droughts to flooding rains—likely to occur across the globe this winter, we can expect to see the supply chain affected in several areas. El Niño may serve as the ultimate test of supply chain risk management and resiliency. Establish Strong Supplier Relationships.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy Supply Chain 100

HICX Solutions

JANUARY 22, 2019

From securing a better deal to early warnings on supplier risk , these are the areas where change is coming. The basic purchase-to-pay (P2P) processes for managing and recording the procurement transaction are already automated to some extent in many organisations. Supply chain risk management.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Procurement Supply Chain Software 40

Talking Logistics

MAY 22, 2016

For example, in a recent exercise I conducted with MIT students , they were given a relatively simple transportation problem to solve using a spreadsheet: fulfill two orders for t-shirts, with two destinations, three potential ship-from locations, and a single truck carrier with a flat rate.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Modeling Supply Chain Optimization 126

Talking Logistics

SEPTEMBER 20, 2017

For example, this year, Chinese New Year occurred later in the season than usual, so we started planning with customers in mid-January, not mid-December, as we do in some years. Robinson offices, procurement teams, and customers. This is a week-long celebration in China. That doesn’t mean they don’t require some forethought.

Scenario Planning 152

Scenario Planning Supply Chain Planning Freight BRIC 152

Precoro

JUNE 17, 2024

Internal supply chain risks are related to the company's own operations, for example, inefficient purchase order approval workflow or inaccurate budget estimates. Importance of Supply Chain Risk Management Risk management is an important component of a general supply chain management strategy.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 90

Enterra Insights

AUGUST 11, 2022

It is unclear, for example, just how rising world temperatures might alter the frequency of these battering storms, a fact that deniers of climate change often cite in their effort to play down its risks. Cassidy, “ Coming US hurricane season heightens supply chain risks: Convoy ,” The Journal of Commerce, 9 April 2021. [9]

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Forecasting Software 130