Viewing Supply Risk Management

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Procurement must identify third-party risk: Owning and mitigating threats
May 18, 2020 | Spend Matters Brand Studio
Business performance relies heavily on the strength and efficiency of relationships external to the organization. Our third-party partners’ performance, and exposure to risk, can make or break our own profitability, reputation and overall success if we do not monitor and manage these partnerships strategically. As supply chains grow, and become ever more interdependent, and as…
Coronavirus response requires integrated Supply Chain Management — not just Spend Management. Here’s what’s needed. - [PRO Content]
April 13, 2020 | Pierre Mitchell
This Spend Matters PRO analysis piece has been posted outside the paywall to share more information about strengthening supply chains during the coronavirus crisis. Procurement professionals, like any other, are affected by the current coronavirus pandemic. They will face many challenges in their supply chains. For those who operate within industries where physical supply chains…
CORONAVIRUS RESPONSE: Supply Risk — Mitigating and Recovering from the Grey Swan of COVID-19 - [PRO Content]
April 6, 2020 | Pierre Mitchell
The mission of our “Coronavirus Response” series is to examine categories of relevant solutions and example providers that professionals in procurement, finance and supply chain organizations should investigate to reduce coronavirus supply risk. We’re calling the pandemic a “grey swan” because pandemics are not unknown risks. If you look at the 2019 World Economic Forum…
CORONAVIRUS RESPONSE: Fraud, P2P and Vendor Management Safeguards — Protecting cash and rapidly vetting suppliers in a crisis - [PRO Content]
March 31, 2020 | Nick Heinzmann
In this installment of our “Coronavirus Response” series, Spend Matters will explore fraud, P2P and vendor management safeguards. With the COVID-19 crisis creating new fires for procurement to put out and critical supply risks arising to address, fraud is an unfortunate reality that businesses need to remain on guard against — especially in times where bad…
Simfoni offers free mapping of your COVID-19 supply risks: Read its methodology for addressing coronavirus problems - [Sponsored Article]
March 30, 2020 | Chirag Shah, Simfoni
Dear Readers, In recent days, Simfoni has developed a COVID-19 risk assessment dashboard to help its customers assess potential business impact arising from supply chain disruption. Given the acuteness of this situation, we have decided to provide this dashboard on a complimentary basis in the interest of supporting businesses, jobs and maybe even lives. In…
SolutionMap update for Spring/Q1 2020 ranks 69 procurement technology vendors and adds AP Automation category
March 24, 2020 | Spend Matters Team
Spend Matters today has updated its free SolutionMap benchmark rankings for the new Spring/Q1 2020 release. The latest SolutionMap compares 69 procurement technology providers across 13 categories — which includes a new ranking map for Accounts Payable (AP) Automation vendors. Six providers are featured in the first AP Automation category, which reflects the growing importance that…
CORONAVIRUS RESPONSE: riskmethods — our first line of COVID-19 supply risk defense - [PRO Content]
March 13, 2020 | Spend Matters Team
In response to the coronavirus outbreak, this Spend Matters PRO series examines selected technology providers that procurement, finance and supply chain organizations should explore to reduce and mitigate COVID-19 supply risk — and to recover faster on the upswing. The introduction to this series grouped the technology providers that we will cover into five specialty…
Coronavirus and Supply Risk Management: Tips for being prepared - [Sponsored Article]
March 12, 2020 | Betina Nygaard, Scanmarket
Are you prepared for future supply risk? Do you have a structured supply risk management approach? Given the current coronavirus headlines, you should. And here’s how to start. Coronavirus is the quintessential example of a supply chain disruption, and its impact has been rapid and global. Given all the news about it and its effects,…
As coronavirus spreads, vendors of supply risk management share their insights
March 3, 2020 | Spend Matters Team
The coronavirus outbreak has affected supply chains around the world as the virus itself has spread from China to many countries across Asia, in Europe, the Middle East, Canada and the United States, which in recent days has experienced its first deaths from the respiratory ailment. U.S. cases of COVID-19, the official name of the…
China’s coronavirus outbreak puts global supply chains at risk
February 17, 2020 | JP Morris
The coronavirus has killed 1,665 people and sickened 68,500 in China, with other deaths now reported in Taiwan and France, according to Reuters on Sunday. A special Dun & Bradstreet report, called the “Business Impact from the Coronavirus,” said the risk to companies around the world also is profound — with the outbreak hitting China’s…
Accenture cybersecurity report sees risks from hacker groups and vulnerabilities in supply chains, the cloud
January 29, 2020 | Alex Behrens
As cybersecurity becomes an increasingly crucial priority for businesses and individual employees, financially motivated criminal groups are increasingly targeting third-party partners and suppliers to gain access to otherwise secure systems, according to Accenture’s most recent Cyber Threatscape Report, which tracks emerging threats and trends in the cybersecurity realm. "To help reduce business risks, organizations need…
Q4 2019 SolutionMap Release Notes: Sourcing, Spend & Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management and Strategic Procurement Technology Suites
December 5, 2019 | Spend Matters Analyst Team
This Spend Matters SolutionMap Insider research note provides insight into the Q4 2019 SolutionMap release for Sourcing, Spend and Procurement Analytics, Supplier Relationship Management & Risk, Contract Lifecycle Management, and Strategic Procurement Technologies Suite SolutionMap areas, reviewing the process we follow and highlighting what has changed since the last release. Within the individual areas covered…

The state of dynamic discounting in B2B payments : David Gustin said : Yes, because they do not offer an einvoicing or AP automation software. They are more a Treasury to...

The state of dynamic discounting in B2B payments : Robert Solomon said : Hasn't C2FO made an entire business based on taking gain share from dynamic discounting?...

5 Tips and Considerations for Your Next Spend Analysis RFP : Puneet Jain said : What is a typical spend threshold when a company should go for an RFP for sourcing indirect purchase...

‘The answer to a better nation is supplier inclusion’ : Donna Wilczek said : Very true. The existing silos between teams limit supplier inclusion program impact. Making the supp...

‘The answer to a better nation is supplier inclusion’ : Daryl Hammett said : Robert, I agree. We should pivot from the old mindset of Maintenance, Repair, and Operating Supp...