Risk

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.

COVID-19 and Its Impact on the Supply Chain

Posted: 06/26/2021 - 09:00
COVID-19 and Its Impact on the Supply Chain

Remember when the U.S. was virtually held hostage by OPEC? If they raised the price per barrel, U.S. consumers were stuck with higher prices at the gas pump. And then along came fracking. Boom! The U.S. took the alpha role in energy production. Carbon emissions notwithstanding, this new power freed the U.S. economy from dependance on other oil-producing nations. 

Making Sense of Supply Risk Management Solutions

Posted: 05/07/2021 - 09:00
From supply chain management vendors to supplier management services, there are different ways companies can manage their risks using third-party sources.

Enterprise risk has never been a higher priority for businesses, executives and procurement practitioners than right now in light of the COVID-19 crisis. The coronavirus disruption has only accelerated many enterprise risks — from cyberthreats, employee health and safety, and most certainly, to supply risks affecting suppliers in complex value chains.

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. 

Navigating Supply Chain Complexities With Sustainability

Posted: 12/22/2020 - 04:50
This year has proven complex for organizations and their supply chains as they adapt to an ever-changing landscape filled with new risks and volatilities.

This year has proven complex for organizations and their supply chains as they adapt to an ever-changing landscape filled with new risks and volatilities.

Forward-thinking leaders are turning to sustainability as the solution for building long-term resiliency and ROI. The recently released EcoVadis Business Sustainability Risk & Performance Index shows there is additional work to be done in the journey toward more sustainable business.

Managing Marketing Procurement Through a Kraljic Lens

Posted: 08/10/2020 - 23:38
Kraljic’s model classifies purchased products and services along two dimensions: profit impact and supply risk.

In a landmark 1983 article in the Harvard Business Review, Peter Kraljic introduced a purchasing portfolio model using a 2 x 2 matrix. The Kraljic model was based on the premise that purchased products and services can vary significantly in terms of importance and risk.  Based on this, procurement professionals should use different sourcing and supplier management strategies depending on the importance and risk profile of each purchase.

Innovations in Third Party Management: Bank of Canada & Ontala

Posted: 08/05/2019 - 06:29
Innovations in Third Party Management: Bank of Canada & Ontala

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

Aligned with the Bank’s vision for being a leading Central Bank, the Bank had an objective to design and implement the Next Generation of its Third Party Risk Management Program informed by best practices and adapted to meet the needs of a central bank.
 

How were things done originally and what was the inspiration to innovate the process?

6 Best Practices for Successful Last Mile Delivery

Posted: 06/28/2019 - 06:07
The continued growth of e-commerce is fueling the parcel delivery market. Millions of parcels are delivered daily in the U.S. alone. E-commerce and delivery companies have optimized most of the supply chain to deal with the higher workload. For example, businesses have started to process orders in minutes instead of hours. However, many companies fail to optimize their last mile deliveries, which can result in unnecessary expenditure.   
 

Sourcing a New Contract-Centric Approach

Posted: 03/09/2019 - 04:16
In today’s fast-paced business environment, sourcing and procurement departments are often left in a difficult position; they are required to become quicker and more proficient when it comes to sourcing the essential direct and indirect materials their companies need to do business, but saddled with a source-to-settle process filled with risks and inefficiencies.   
 

Exploring the Capabilities of an Interconnected World with Kazu Gomi

Posted: 12/12/2018 - 10:18

In this episode of the Sourcing Industry Landscape, Dawn Tiura interviews Kazu Gomi. Kazu Gomi, CEO of NTT America, ranks as the 4th largest telecommunication company in the world. We learn the breadth and depth of NTT’s capabilities, from system integration, (they acquired Dell Services a few years ago) and are also one of the largest security companies in North America. 

Caller ID: A Simple Feature with Complex Effects

Posted: 10/13/2018 - 02:40
We’ve all been there: you pick up an incoming call to hear silence...or a request for personal information...or a recorded message...only to regret picking up the call. But you’ve also probably been on the other side: you’ve ignored a call from a number you don’t recognize only to find out it was the delivery driver looking to validate your address...the bank calling to let you know there has been suspicious activity on your card...or the doctor calling with updates from your last appointment.

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?

Pages

Subscribe to RSS - Risk