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Supply Chain Risks: Different Types and How To Mitigate Them

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier risk is always there, but using various risk management strategies can help you minimize the impact. What to Do About It Always insure your shipments against loss, to give yourself a safety net.

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Supplier Management Best Practices

Planergy Software

-based vendors you do business with have to have to prove that they have a minimum of two types of insurance coverage. They must show proof of worker’s compensation insurance, which provides wages and medical benefits to any employees injured while on the job.

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How To Calculate Procurement Savings

Obobo

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. As the influential thinker on management, Peter Drucker, famously said ‘if you can’t measure, it you can’t improve it’.