ALEX SARIC TITLE : CHIEF MARKETING OFFICER
RISK & RESILIENCE
ALEX SARIC TITLE : CHIEF MARKETING OFFICER
COMPANY : IVALUA
INDUSTRY : WEB-BASED SPEND MANAGEMENT SOFTWARE
LOCATION : NEW JERSEY , US
Alex Saric , CMO at Ivalua , brings over 15 years of spend management expertise , driving digital transformation . Formerly with Ariba , he led spend analytics and international marketing , contributing to successful acquisition by SAP . Alex also co-founded Zeborg , with a military background and degrees from West Point and INSEAD .
“Black Swan events have left supply continuity on life support ”
ALEX SARIC CHIEF MARKETING OFFICER , IVALUA adapted by enhancing risk identification , especially among vulnerable tier 2 and 3 suppliers , and by increasing flexibility and visibility .
To support contingency plans , businesses are adopting smart procurement technology to improve transparency and collaboration , ensuring they can quickly respond to crises with informed decisions .
Crisis management in a post-pandemic world As crisis management has undoubtedly transformed since the start of the pandemic , Todd notes the advancement of IT infrastructure is “ at the top of the list .”
“ Before the pandemic , IT infrastructure XXXXXX CEO , systems were growing increasingly
Company outdated and the investment dollars were not adequate to correct the problem ,” he states . “ The pandemic served as a big wake-up call to improve systems now or risk unpreparedness down the road .
“ Many organisations had fallen into an approach where it was the way ‘ they had always done it ’ but in fact , this only served for them to be ill-prepared in the sudden procurement crisis . Now , these organisations have taken a highly strategic approach to procurement by investing in systems and talent to use data for sound decision-making . Additionally , they have established relationships , often through group purchasing organisations ( GPOs ), with other supplier partners that allow for flexibility during such events .” procurementmag . com 169