This is a case study of how AGCO worked with riskmethods on their supply chain risk management solution. Supply chain risk management is still in its infancy. If we're honest, the solutions on the marketplace today are only scratching the surface of what is possible. Any company that has grown beyond a trivial size realistically has to be proactive about risk, not reactively fighting the fires when emergencies strike. AGCO's foray into the space was forward-looking and extremely successful. Read on to discover how SCRM can help your organization!
The target audience for this paper is not only internal (brand management, C-level, finance, legal, line of business owners, procurement) but also sales, where SCRM visibility provides an advantage with risk-averse prospects and clients. As for takeaways, we’ll explore SCRM’s potential ROI, including the main drivers to consider when building a business case. This doesn’t just include supply base assurance and brand management - but also immediate hard savings through process efficiency, avoidance and reduction of crisis costs, and insurance premium reductions. What’s not to like about that?
When it comes to supply risk, you may have heard the term "think globally and implement locally" as a way to align risk and reward. You also know that it's critical to create the right set of metrics and benchmarks in this area, but in our experience, we haven't spoken to many people who have a good idea of where to even start. In this paper, Chief Research Officer Pierre Mitchell will walk you through some good starting points based on lessons learned from industry leaders.
A Radical Rethink of Commodity Management and Advanced Sourcing Strategies – Advanced Tactics That are Possible Today
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This is a collaborative research paper where we took an approach we haven’t taken before – it takes our internal knowledge (and that of Trade Extensions) and attempts to come up with pragmatic scenarios for the application of advanced sourcing/optimization capability to commodity management scenarios. In co-investing with a handful of manufacturing organizations, our goal is to produce working models that can be put into production. We feature three use cases in this paper of guinea pigs who have agreed to test out our new method of bridging the gap between sourcing, supply chain, and commodity management.
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A recent Spend Matters presentation covering economic and procurement outlook of the global economy and impacts on commodity markets, currencies, and supply and demand.
Analytics & Spend Visibility Compass - Free Research Download
Simply having access to supply risk information does little to avoid supply chain catastrophes. This research shows you how you can leverage supplier intelligence and analytics to drive early intervention in potentially high-risk situations. Includes vendor coverage.
Spend Matters Perspective - Free Research Download
Learn more about the direct intersection of sustainability and sourcing as well as case examples of situations where organizations have benefited from expanding their definition of sustainability to include cost savings and other benefits. We share our learnings on what business leaders are doing differently.
Spend Matters Perspective - Free Research Download Using Sourcing Intelligence to Combat Commodity Volatility – The Price Index Advantage Jason Busch, Executive Editor, Spend Matters If you ask just about any business executive in the manufacturing world to reveal their most difficult challenges, chances are that commodity volatility will top the list. At no other time in recent history have we seen so many commodities rise and fall in such a compressed period of time. Thanks in part to flexibly flowing capital in the global investment markets as well as growth patterns in developing economies like China and India, there has […]
Spend Matters Perspective - Free Research Download Beyond Sourcing and Supply Chain: Commodity Management Solution Fundamentals -- Understanding Approaches for Pursuing the Most Volatile, Critical and [Often] Largest Component of Company Spend by Jason Busch, Executive Editor, Spend Matters Procurement executives who previously ran programs driving indirect and services procurement spend category cost savings, and direct programs to identify, qualify and implement global suppliers, now find themselves scrambling to renegotiate with suppliers who will no longer honor contract pricing terms. Yet typical discrete manufacturers, food and CPG companies across the globe are just beginning to address the structural changes they […]
Next Level Sourcing and Commodity Management - Reseach Download Minimizing Commodity Volatility Through Advanced Commodity Management and Hedging Approaches By Jason Busch and Lisa Reisman (with additional commentary from Brad Clark, FIS Senior Derivatives Broker) Effective commodity management often requires an entirely new approach to thinking and engaging suppliers. Yet it's something that procurement organizations across the discrete manufacturing, food, CPG and energy markets must increasingly master if they're to deliver the type of value that management teams are expecting. In contrast, successfully reducing maverick buying and improving spend compliance, while valuable, represents a fraction of the type of potential […]