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…

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Vendor risk management – using supply chain finance to mitigate risk

Posted by Pete Loughlin in Supply Chain Finance, Vendor Risk Management

Many suppliers will offer a discount for early payment. The decision to accept the discount is normally based on two factors. Are you in a position to pay the invoice early? (i.e. are your purchase to pay processes efficient enough to do so) and secondly,…

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Cloud Crash – an all too predicable disaster

Posted by Pete Loughlin in Vendor Risk Management

In the last 12 months or so there has been a number of natural events that have had unpredicted consequences to business. There was the Volcano that grounded Europe and created significant disruption to some global supply chains. There was (and still is) unrest in…

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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…

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Global Sourcing – Think Global. Act Local

Posted by Pete Loughlin in Global Sourcing, Vendor Risk Management

The supply chain world is changing. The disruption in Europe recently caused by the grounding of aircraft as a result of the volcano in Iceland; the soaring labor costs in Asia and the far East; the green and ethical agenda that has taken hold in…

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The Volcano Eyjafjallajoekull Threatens to Rewrite the Global Sourcing Rulebook

Posted by Pete Loughlin in Vendor Risk Management

As the mass grounding of aircraft across most of Europe is about to enter its 5th day, the consequences to business of the major eruption of the volcano Eyjafjallajoekull in Iceland are just beginning to be contemplated. The priority thus far has been to get…

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P2P Compliance is a Critical Component of Risk Management

Posted by Pete Loughlin in Purchase to Pay, Vendor Risk Management

Delivering actual, tangible saving to the balance sheet as opposed to claiming theoretical benefits is what separates the men from the boys in purchasing.

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