I Need to Mitigate Risk
In procurement, ignorance is not bliss.
Procurement teams with mature risk management capabilities, strong supplier relationships and visibility across the supply chain are far more resilient to disruptions than reactive organizations.
The reality of today’s global and interconnected marketplace is that procurement faces constant threats that may have serious impacts on performance. The COVID-19 pandemic certainly put many procurement organizations to the test.
What would the impact be if:
- A key supplier declared bankruptcy?
- A strategic manufacturing plant was forced to shut down due to fire or flood?
- A natural disaster crippled transportation routes to and from a key port?
- Your best-selling product was found to include toxic materials or components from a conflict zone?
- A labor strike at one of your second-tier suppliers halted production of a critical component?
JAGGAER ONE enables procurement teams to stay one step ahead of risk and uncertainty and take immediate remedial action. With JAGGAER ONE, procurement teams can:
- Proactively manage suppliers and identify risk with real-time, actionable supply chain insights
- Build stronger supplier relationships and risk management strategies to counter disruptions as soon as they occur
- Expand or localize supplier networks to reduce geographic and supplier-centric risk
- Improve transparency across the entire supply chain to identify potential risks before they hit
- Manage suppliers and contracts to ensure key performance metrics are fulfilled
- Maintain compliance with all industry and government regulations
By leveraging JAGGAER ONE solutions, your procurement team can integrate suppliers’ lifetime value throughout the entire process, from source to contract.
See how JAGGAER ONE solutions help you to mitigate risk.
Deeper and more insightful supplier relationships with an intelligent supplier management solution.
Reduce supply chain risk and costs with a digital solution that streamlines your processes.
Deliver the best products and services to your users while reducing costs on both sides.
Supply Chain Collaboration
Modernize your collaboration with direct material suppliers with a completely digital SCM solution.
Delight your users with faster contract execution, increased compliance and decreased risk.