Governance

ESG Risk Assurance – An Opportunity for Transparency and Trust

Posted: 05/11/2022 - 09:00
Building trust in ESG practices is complicated by the lack of transparency and consistency in reporting practices, the pace of change in reporting requirements, and huge regional and corporate variations.

Customers, employees and investors are increasingly putting ESG front and center when making decisions about the companies they engage with. Rising shareholder and consumer activism, as well as new forms of regulation, mean that it is no longer enough to simply state good intentions. The challenge is to prove to stakeholders that policies and initiatives are translating into meaningful action and impact.

9 Benefits of Supplier Performance Management Software

Posted: 05/06/2022 - 09:00
Procurement professionals are concerned with addressing supplier performance management.

About 65% of innovations are sourced through external suppliers and partners (ISM). This makes supplier and partner contributions to a supply chain’s production and profitability rather pivotal. 

Put into simple math: Good supplier performance = good supply chain performance.

Supplier performance management (SPM), when done right, can help your procurement organization to harness supplier performance and innovation to positively impact your business’ top-line value creation. 

Practical Perspectives on AI Governance

Posted: 01/16/2021 - 02:58
Artificial intelligence (AI) is shaping our future and becoming integrated into our lives, both at home and work.

The Future With Artificial Intelligence

Artificial intelligence (AI) is shaping our future and becoming integrated into our lives, both at home and work. With it come many fears about what it means to jobs, humans and our future.

First, let’s put our minds at ease around the fear of tech run amok. We are incredibly far away from a Terminator chasing us. Now, let's focus on the idea that we can positively shape AI to our benefit. 

Innovations in Governance & Compliance: E*TRADE Financial Corporation

Posted: 09/21/2019 - 08:47
Innovations in Governance & Compliance: E*TRADE Financial Corporation

Can you outline why your team embarked on this project and the problem that needed to be solved?

Our Procurement team took over the process to identify vendor inherent risk from our Third Party Risk Management (TPRM) group. The process we acquired was driven by email and shared drive folders. We were receiving an average of 70 emails per week, and this manual, high volume process was ripe for human error.   
 

Innovations in Third Party Management: Fannie Mae

Posted: 08/16/2019 - 03:33

Can you outline why your team embarked on this project and the problem that needed to be solved?

Fannie Mae has traditionally engaged a broad range of third-party suppliers across different channels for advice, expertise, production support, development, governance and other services. The demand for professional services has ranged from single freelance experts to hundreds of resources for development to firms with methodologies and benches to deliver significant changes to our accounting and governance systems.    
 

Re-engineering a Corporate Real Estate Service Organization: Governance

Posted: 06/17/2019 - 04:27
Although these processes can take months – sometimes longer, the work does not end when the contract is signed or even when the services are successfully transitioned to the outsourced partner. You don’t simply hand over responsibility for the contracted services, schedule quarterly and annual updates and expect things to run smoothly.

Cognitive Procurement is Trending and Cognitive Outsourcing is Up Next

Posted: 05/25/2019 - 01:29

There has been a lot of buzz about “cognitive procurement,” the application of artificial intelligence (AI) to support buying goods and services to free up humans to handle valuable procurement functions that AI cannot manage.

The same advanced technologies that are making procurement smarter, more efficient and more data-driven, can be used to make outsourcing relationships leaner, more profitable and more advantageous. 

Collective Knowledge is Power, with Deepak Bansal, Kristin Gallagher, and Linda Tuck Chapman

Posted: 09/20/2018 - 09:36
Dawn Tiura: Now, today with me is Deepak Bansal. He is nominated as a Sourcing Star, but if you just hear his title, and some of the things he did, you're gonna have no doubt that he is a star. Deepak is the head of IT Sourcing and Vendor Management for Envision Healthcare. Envision Healthcare, EVHC, is undergoing a divestiture of 20% of its business, and Deepak has led the effort in disentangling over 200 IT contracts between two entities while maintaining costs consistency. So Deepak, I wanna welcome you. Wow, 200 IT contracts. Can you tell us a little bit about that?

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