Vendor Risk Management

Managing the supply chain risk in Europe – supply chain finance should be taken more seriously

Posted by Pete Loughlin in Financial Supply Chain Management, Supply Chain, Supply Chain Finance, The Rest, Vendor Risk Management, Working Capital Management

Critical components in your supply chain are at risk – and you may not even know it. There are numerous points of failure in today’s complex supply chains and because of the difficulty that upstream suppliers have funding their business from day to day, the…

Spend Analysis – the Key to Managing Through A Recession

Posted by Pete Loughlin in Procurement Best Practices, Purchase to Pay, Purchase to Pay Process, Spend Analysis, Vendor Risk Management

What gets measured gets managed. It’s a slightly tired truism but it’s very relevant to Purchase to Pay and, sadly, often overlooked. Most P2P (Purchase to Pay) projects are justified as a means to reduce cost. They introduce efficient processes that allows  purchasing payment and…