Coupa Software, a provider of Business Spend Management, announced that it has acquired LLamasoft, a provider of AI-powered supply chain design and planning for a purchase price of approximately $1.5 billion.
Finance and supply chain: These two essential business functions speak different languages and live in different worlds. Both contribute mightily to the success and the profitability of their companies, in their own ways. Manufacturers need to get them to synchronize if they are to survive and succeed — and to achieve the agility and the resilience everyone strives for coming out of the pandemic crisis.
David Barton, general manager for North America with ToolsGroup, describes the ways in which various industries are approaching the challenge of planning for demand in an environment of extreme uncertainty.
Traditional supply-chain strategies that prioritized efficiency and razor-thin margins over agility won’t work anymore. Brands must now prioritize resilience.
From smart cartonization to last-mile delivery and beyond, supply chains offer fertile ground for new technologies to improve sustainability by trimming wasted fuel, materials and time.
Phil Renaud, executive director of The Risk Institute at The Ohio State University’s Fisher College of Business, runs down the level of risk to supply chains created by relationships with third parties — and relates how a certain type of third party can help to mitigate it.
Vendor risk management, also called supplier risk management or third party risk management, describes the efforts of managing the risks posed by the companies who sell you products and services. This white paper from riskmethods will help you identify, assess and mitigate the risks posed by your vendors or other third parties.