416: Uncover the Top Supplier Management Challenges of 2024, with Relish

In this episode of the #LetsTalkSupplyChain Podcast, we discuss:
[06.43] Introductions to today’s guests and what they do.
[09.02] From collection and #validation to ongoing maintenance, the current processes and challenges of supplier management.
[15.26] A closer look at the DNA of a supplier profile, and the importance of having #visibility over that data.
[19.47] Supplier validation - the challenges of payments and banking, and finding the balance between security and maintaining speed and #efficiency during the validation process.
[22.59] How Matt works with his suppliers, and the processes that help him find that balance.
[27.14] A case study exploring how Relish and SAP helped a shared client to prevent a case of #fraud, worth a huge $2.1 million, and what we can all learn.
[33.11] The risk inherent in supplier management, and how organizations should work to identify, assess and manage #risk proactively.
[34.36] The role #technology, specifically #AI, plays in this space now - and its potential for the future.
[39.36] The complexity of the current IT landscape; why we should all be looking to simplify; and how organizations can find the right solutions for their supplier management.
[44.46] All about #solutions: what’s to come in episode 430, our upcoming collaboration with Relish.
Plus, Ryan Walicki & Matt Montgomery talk about supplier management - data challenges; complex tech; taking a proactive approach to risk; & the potential of AI.
➡️ So tell us in the comments below, What Are the Main Supplier Management Challenges in 2024?
➡ Follow along for more discussions in the #SupplyChainIndustry!
➡ Want to connect with Ryan? / ryan-walicki-0539681
➡ Want to connect with Matt? / mattmontgomery
➡ For more on RELISH, visit relishiq.com/
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