Fact or Fiction – You Can Manage All Your Supplier Information, Transactions and Risk in One...
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Transcript of Fact or Fiction – You Can Manage All Your Supplier Information, Transactions and Risk in One...
Welcome to Today’s Web Seminar, Presented by: Institute for Supply Management™
Sponsored by:
We’ll be starting momentarily.
Fact Or FictionYou Can Manage All Your Supplier
Information, Transactions And Risk In One Place!
MODERATOR – NORA NEIBERGALL
Since starting her career with ISM in 1994, Neibergall has held a number of positions across the organization and now oversees ISM's certification and professional standards. Neibergall earned her Bachelor of Science from the University of Arizona and an MBA from Arizona State University.
Senior Vice PresidentInstitute for Supply Management®
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Presenter – Vishal Patel
Vishal spent 10 years as an industry analyst, researching and advising companies on procurement, supply chain and shared service strategies. He brings a thorough understanding of digitally driven market trends, technology innovations and best practices that can help enterprises improve performance.
He works to ensure that Tradeshifts solutions continue to deliver innovative capabilities while meeting customer needs.
Director, Solutions MarketingTradeshift
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Presenter – Laura Enny
Laura Enny joined riskmethods with a focus on continued business development in North America. Laura has a proven track record of success during the several years’ experience she has selling SaaS solutions to Fortune 500 and Fortune 1000 companies in the United States and Europe.
She helps customers to develop their Supply Chain Risk Management strategies, tailoring the riskmethods’ solution to their specific needs.
Account Managerriskmethods
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Today’s Seminar Will Focus On…
Connect to all your suppliers and from one place Consolidate all supplier related processes and
information Protect your organization from supply chain disruptions
and risky suppliers Get transparency into potential risks across your supply
chain Actually achieve high adoption among internal users and
suppliers.
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This is the new normal for every business
Unpredictability & volatilityHyper competition
Disruptive innovation
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What does this mean for procurement & supply chain?
Supplier ConnectionsBuild a strong digital foundation that connects you to your supply chain
1
Digitize transactions, information, collaboration
Capture savings, faster processes, more accurate information, easier collaboration
2
Agility
●Agile business processes internally & with suppliers
●Real-time information and insights to mitigate risk
●Strategic focus over tactical (e.g., innovation)
3
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Most supply chains are managed in a linear fashion
• Often disconnected supply chain
• Information lags due to internal and external siloes
• Fragmented systems and business processes
• Slow to change
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Reality is supply chains are networked & supporting technology should be too
• Ecosystems need to be connected
• Connectivity enables collaboration and real-time information
• Line between internal and external blurred
• Connected networks are faster and more responsive
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POLL Question
How many independent events interrupted your supply chain within the last year?
• 1 or less • 2 to 5• 5 - 10 • more than 10
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Too many manual supplier related processes & interactions
Manually (email, spreadsheets)
Using a semi-automated tool
A combination of below
A comprehensive solution
38%
22%
36%
4%
How do you currently manage supplier information, compliance and risk?
Source: sharedserviceslink
Supplier connectivity is critical for agility
Supplier
BuyerLimited functionality and business
value
Lower costs for your entire supply
chain.
Limited collaboration with buyer
Multiple logins/accounts for
multiple portals
Transactional fees
Specific formats and integration
requirements for suppliersLimited sharing of information with
supplier
Buyer driven processes, controls,
activity
Focus is only on strategic
suppliers
• Biggest risks are not likely to be from strategic suppliers• Buyer centric models result in low connectivity
• Not enough value for suppliers to participate
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Buyers
No fees
One account / profile for multiple buyers
Rich functionality
Direct collaboration with buyer
Reduce barriers to connectivity
One platform for all your business needs
Communicate and collaborate with suppliers
Innovate on an open platform
Suppliers
Balanced value proposition
• Digitize transactions, communication, collaboration • Manage all supplier interactions from one place • Create value for suppliers and they will come
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Technology environment is rapidly changing
Last DecadeCostly (on-premise, highly custom,
resource intensive)
Address limited set of business issues
(Tier 1) supplier focused
Not connected
Not collaborative
Limited usage of 3rd party data
Slow to implement, adopt, upgrade
Next DecadeLess costly (cloud, resource light,
subscription)
Platforms – address broader needs
End-to-end focused
Highly connected (many-to-many)
Highly collaborative (social network like)
Unlimited use of 3 party apps & data
Fast delivery, adoption & innovations
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POLL Question
How many systems does your company use to interact with suppliers (for procurement, invoicing, supplier information, risk, compliance, surveys, etc)
• less than 3 • 3 to 5• 5 - 10 • more than 10
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All your Suppliers. All in One Place.
Rethink Supplier Management.All your supplier master data, compliance, risk and performance in one place.
Rethink Apps.Our apps ecosystem extends the value you get from Tradeshift as your business needs change
Rethink eProcurement.Buy everything you need from one place, where any online purchase can be within policy
Rethink AP Automation.Transact with all your suppliers for 100% of your invoice volume
PAY
BUY
APPS
Supplier Collaboration
Platform
RISK
| Confidential
Supplier managed profile with master data and product information
Collect all the risk data you need and store it in one place
Conduct surveys, configure your own risk scoring, assign scores to suppliers
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Tradeshift Risk
Tradeshift Buy
A streamlined, network-based procurement solution
Buy products and services from one central and searchable database.
Easily add approval workflow to any e-commerce purchase
Collaborate with procurement, users, approvers, suppliers via chat
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Tradeshift Pay
Full set of capabilities to automate the AP process.
Eliminate paper, minimize errors and exceptions and improving efficiency, visibility and service levels.
• E-invoicing • Conversion from
paper/PDF to digital • Business rules • Workflow / approvals
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Leading competitor
Proven Methodology to Connect Suppliers
Leading competitor350 suppliers
>5,000 suppliers
74% of all suppliers were onboarded within 7 months. Today the total is 95%.
Tradeshift onboarded ~ 4,000 NHS SBS suppliers in 24 months.
9,200 K&N suppliers onboarded globally. 2.3M invoices via Tradeshift to date.
5,000
4,000
3,000
2,000
1,000
5,000
4,000
3,000
2,000
1,000
500
3,500
2,500
1,500
10,000
9,000
6,000
4,000
2,000
8,000
5,000
3,000
1,000
7,000
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True collaboration internally & externally
Internal business users, procurement, AP, suppliers, managers, and requisitioners can chat and collaborate together within Tradeshift
riskmethods - Turning Risk into a Competitive Advantage
riskmethods GmbHMunich, Germany
Boston, USAriskmethods Inc.
Known From:
Expertise: 40+ supply chain professionals
Innovation: Award winning solution
Global: Worldwide partner network
Proven: Deployed by 50+ enterprises
Scalable: 300bn USD customer revenue protected
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Shorter crisis response time & less firefightingLeverage automated data feeds and an early warning alert system
Cancel out the noiseDefine personal thresholds to receive your relevant alerts in near-real time
Be more proactive vs. reactiveUse reporting and analytics to identify top risks, history/trends and risk portfolios for prevention
Expose bottleneck regionsGain transparency through the color-coded risk visualization of n-tier supply chains with animated material flow
riskmethods’ RISK RADAR end-user interface
Risk Radar – Identifies Threats
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Easily visualize criticality and dependencies in the supply chain With the threat level (risk score) displayed on x-axis and criticality (impact score) displayed on y-axis
Align impact KPIs to your own corporate objectivesFully configurable impact parameters (i.e. degree of substitutability, availability of alternative suppliers or total time to recover) and impact volumes (i.e. revenue, sales)
Expose failure points betterUnderstand relationships among suppliers by examining sub-tier structures to reveal a network that might result in single-source situations
riskmethods’ IMPACT ANALYZER module
Impact Analyzer – Assesses Impact
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Take smarter actionsDepending on impact, implement measures for prevention, transfer, mitigation or risk acceptance
Establish proof pointsMap the action plan process, including status and notifications
Be ahead of the competitionBuild resiliency through agile and high performing supply networks
riskmethods’ ACTION PLANNER module
Action Planner – Mitigates Risk
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- Fastest growing network- Transforming the way how to
buy, pay and work with suppliers
- Fastest growing risk network- Transforming the how global
supply chains are protected
Manage all your suppliers
without friction
Control your risk and prevent disaster
Unlock hidden value in your supply chain
Organize the chaos of disconnected, outdated supplier data.
Protect your brand with a holistic, real-time view of all your suppliers.
Build value with all your supplier data –
it's not just about savings.
Why we partnered?
41riskmethods app on Tradeshift platform
Direct & indirect transactions &
collaborationDigitize processes
& Transacti
ons
Real-time monitoring of supply chain risk
Supply Chain Risk
Mgmt
Supplier Connectivity
Onboard & connect all suppliers
Supplier Management
Supplier master,
segmentation, compliance,
surveys
Tradeshift +
riskmethods
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riskmethods app on Tradeshift
Mitigate Risk
Assure Supply & Optimize
Transactions Secure
Compliance
Information Accuracy,
Transparency & Visibility
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Vishal Patel
Director, Solutions MarketingTradeshift
Email: [email protected]
Laura Enny
Account Managerriskmethods
Email: [email protected]/en
THANK YOU!
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Frequently Asked Questions (FAQs)
Attendees of today’s event will receive an email thanking you for attending. In this email is the link to your CEH certificate and the archive of today’s presentation.
Continuing Education Hour certificate. 24 hours concluding the event, CEHs will be awarded to attendees who participated for at least 50 minutes of the seminar.