Risk Mitigation

4 Predictions That Will Shape Procurement in 2022

Posted: 01/27/2022 - 09:00
Author: Omer Abdullah
After an immensely challenging year, the stage is set for major procurement transformation in 2022.

2021 was an immensely challenging year for procurement teams across the globe. Not only did most of the challenges of 2020 continue, but many got significantly worse. Between major supply shortages, rising commodity prices and new variants reigniting pandemic-related disruption, teams had to work extremely hard just to keep their organizations operational, let alone achieve their strategic goals.

The Three Pillars of Successful Supply Chain Risk Management

Posted: 08/25/2021 - 09:00
Author: Omer Abdullah
The Three Pillars of Successful Supply Chain Risk Management

Risk plays a role in every decision that is made by every business – and the supply chain is certainly no exception. Every supplier choice, contract negotiation and procurement transaction involves an unavoidable element of risk.

But just because risk can never be fully eliminated, that doesn’t mean it’s ok to leave it up to chance. Effective supply chain risk management demands continuous attention, careful planning and thoughtful execution.

Making Sense of Supply Risk Management Solutions

Posted: 05/07/2021 - 09:00
Author: Pierre Mitchell
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.

Sustainability and Notebook PCs: Behind the Scenes With TCO Certified

Posted: 01/27/2021 - 00:17
Author: Clare Hobby
Sustainability and Notebook PCs

IT products come with many social and environmental challenges. Conflict minerals, supply chain working conditions, hazardous substances, e-waste as well as the  “take, make, use dispose” model of the linear economy demonstrate that the challenges and risks connected to our digital devices run wide and deep. Purchasers and users of technology are at the forefront of asking for better product options.

Fix Our Broken Medical Supply Chains

Posted: 05/27/2020 - 04:48
Author: Pinar Keskinocak
covid-19 medical supply chain

The entire world is watching aghast as our nation continues to struggle with its COVID-19 response, where our broken supply chain cannot supply medical workers with enough masks and face shields to keep them reasonably healthy. The pandemic has exposed inadequacies and vulnerabilities in supply chains that were supposed to provide the much-needed supplies in the healthcare system. But life-threatening shortages are reported daily. COVID-19 testing kits and nasal swabs, lab processing chemicals, hand sanitizer and ventilators are in desperately short supply.

Managing Risks in a GBS Environment post-COVID-19

Posted: 05/21/2020 - 00:29
Author: Cindy Gallagher
GBS Environment post COVID-19

Risk optimization and mitigation are essential within any Global Business Services (GBS) environment to proactively protect the enterprise from potential threats and enable confident business decisions. COVID-19 has uncovered previously unknown vulnerabilities, which left business leaders and board members scrambling for solutions to plot a course to stabilization.

What IT Procurement Professionals Must Know about Data Center Hardware Maintenance RFPs

Posted: 07/16/2019 - 03:59
Author: Mark Havens
“We all want this to be a success,” is a pretty common sentiment at the outset of a major RFP. When considering hardware for data center maintenance services, in many cases, the outcome can mean significant cost containment for the IT group and accolades all around for a job very well done. And let’s face it, it is not only a fiduciary duty to avoid over-paying a vendor (even the original equipment manufacturer) it can be flat-out galling to think that your company has been over-paying for YEARS. So, damn straight, you want this to be a success!

How Security in the Cloud Differs from the Traditional Enterprise - and What This Means for IT Multi-Sourcing

Posted: 11/06/2018 - 05:45
Author: Brandon Curry
Cloud computing has impacted IT in many ways, including (not the least of which) security. One decade ago, in a less “cloudy” world, an enterprise would either manage IT itself or delegate much of it to a large consulting or IT services firm. Either way, one or two persons (the CIO and/or outsourcing firm’s lead) would take charge of security, which typically involved setting up barriers to internal resources.  
 

IT Managed Services: Mitigating Risk and Maintaining Leverage

Posted: 12/15/2017 - 23:19
Author: Torey Guingrich

The managed services market has been an interesting one to watch from a consultant’s point of view. There was a heavy trend towards outsourcing many key areas within IT, only for the pendulum to begin swinging to the other end of the spectrum where clients are now pulling some (or all) of those same services back in-house. Nevertheless, your organization is likely to use some level of managed services within the IT organization given constraints on budget, resources or expertise.

Embrace ambiguity: building a case for business value

Posted: 06/28/2016 - 20:03
Author: Bill Huber

Sourcing executives today are all about innovation and adding business value: buying smarter to drive business benefits such as increased customer satisfaction, reduced error rates and insights into product design. In other words, procurement operational strategy aspires to demonstrate alignment with factors driving the success of the business, which is more than just cost takeout.

Who could argue with that?

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