Risk Management

Lessons Learned in Managing Security Risk when Outsourcing Services

Posted: 10/14/2019 - 00:54
It seems that I have reached a point in my career where I have to acknowledge that I am not one of the young guys anymore. As I support my customers and assess the state of their Risk Management capabilities, I continue to find that I rarely see issues that I have not seen before. I guess that is the benefit of having worked in this field for a couple of decades. But it is also an indication that the lessons that are being learned in one segment of industry are not becoming common practice in other segments.

Procurement Risk – Limited Visibility of the Supply Chain

Posted: 10/04/2019 - 23:44
A few weeks ago, I reviewed the 2018 Deloitte Global Chief Procurement Officer Survey and was not surprised that cost reduction, new products/market development and managing risks remain the top three business strategies for procurement. Sixty-five percent (65%) of procurement leaders report having limited or no visibility beyond their Tier 1 suppliers.

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. 

4 Ways Brexit Will Impact Your Procurement and Sourcing Practices

Posted: 04/03/2019 - 04:59
Brexit. That’s a fun topic, isn’t it?! Regardless of what you may think about it, you cannot but notice the impacts it is already having on businesses across Europe. The indecision of the United Kingdom (UK) to approve a plan is holding back investment and decision making. The markets and currencies are fluctuating and will continue to do so until a decision is finally made.  
 

Why Going Alone in Cybersecurity is a Non-Starter

Posted: 02/07/2019 - 01:47
Are cybersecurity threats overblown or hyped up? It would be nice if that were the case. Then we’d have one less bucket of things to worry about. 
 
Unfortunately, the headlines are not fiction. Bad actors are stealing data, inflicting pain, and damaging corporate finances and brand reputations every single day. And it appears that they will continue doing so. 
 

Women in Global Sourcing: Linda Tuck Chapman

Posted: 01/10/2019 - 06:32
Tell us about your career path. How did you get into this field? Was it purposeful or by accident? 
 
I’ve been very fortunate to have a truly satisfying and rewarding career. My work is intellectually stimulating, relies on a broad range of expertise, experience, and skills, and signed me up for lifelong learning. When I found this profession, I found my passion …. and never looked back.  
 

Hiring in a new state? Here’s what you need to know.

Posted: 12/21/2018 - 03:07
It’s an exciting time for your business – you’re looking to expand and hire workers in a new state. This might be your first time and you’re beginning to realize that it comes with heaps of administrative items, set-up and legal considerations. There are some important processes to establish to ensure that you can support your workers while also staying compliant with each state’s employment laws.  
 

Addressing Ethical Supply Chains One Step at a Time – From Intent to Action

Posted: 12/12/2018 - 01:18
This month, the U.K. government alongside the U.S., Canada, Australia and New Zealand, raised the bar for companies “to conduct appropriate due diligence in their supply chains to identify, prevent and mitigate human trafficking” to remediate modern slavery. It is no longer enough to just be aware and acknowledge that companies expect every supplier to sign a code of conduct – companies also need to demonstrate the action and the impact. 
 
This is where the rubber meets the road. 
 

How to Keep Bad Weather from Killing Your Logistics

Posted: 12/11/2018 - 04:15
Supply lines never look as vulnerable as they do when inclement weather strikes. At best, trucks face major delays as accidents and poor conditions make roads treacherous and, at worst, they suffer accidents of their own. Routinely, air carriers remain grounded while affected areas hunker down and airports close. Don’t think you’re safe even if you fall outside a storm’s high-impact area.

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