Risk Management Strategy in Procurement and Supply Chain
Risk is inevitable; it is something managers have to deal with on a daily basis. Some risks are totally unpredictable like weather-related incidents, such as typhoon in the Philippines, flooding in India, and recent polar vortexes in the US. Such risks can cost...
Is Managed Services the Optimal Solution to the Tail Spend Problem?
Tail spend can be a nuisance to deal with, as it comprises of multiple low-value spends which have to be managed with valuable organizational resources. The time that could be utilized for strategy formulation is consumed by a tedious process of tail spend management....
Top 5 Suppliers in the Inventory Management Software Market
A traditional response to tackle the dynamic demand would be to stock up the products in mass quantities. Overstocking is a big problem for the managers as it increases the inventory. First of all, buying too many risks product expiry or stock obsolescence, and most...
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