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The past few years have highlighted serious deficiencies in prevalent supplychain strategies and the major risk that disruptions pose to corporate success. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supplychain disruptions. Assessing Risk across the SupplyChain.
The Covid-19 pandemic has exposed the fact that many supplychains remain inadequately prepared for a crisis. Supplychainmanagement and procurement sit poised on the frontlines of managing global supplyrisks for their brands. Understanding Supplier RiskManagement.
The total costs, in terms of human lives, disrupted supplychains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and SupplyChain leaders.
Additional goals called out in the memo include leading an information security program grounded in technical expertise and riskmanagement, increasing the marketplace rapidly through offering additional authorization paths, and leveraging shared infrastructure in public and private relationships.
In this capacity, he oversees staff who manage critical functions such as 24/7 Incident Detection Response, Threat Management, Threat Intelligence, Vulnerability Management, and Security Architecture / Engineering for the enterprise. Department of Labor. government agencies.
Supplier collaboration goes well beyond the sharing of product design documents, extending into initiatives involving product innovation, supplychain visibility, compliance, target cost programs, demand and capacity planning, and riskmanagement.
In doing so, they have improved supplier collaboration and created a greater capacity for resilience, innovation, and continuous improvement. . How do these organizations build their supplier management programs? Building more resilient supplychains that withstand volatility. Digitize supplychain collaboration .
First, determine the specific decisions and actions the risk register will have the biggest impact on, such as: Awarding, expanding, and reducing the amount of business with a particular supplier. Ramping up alternative suppliers due to a sudden change in your current supplychain. Putting a supplier on corrective action.
Today, they are tackling new priorities like riskmanagement, supplier compliance, actionable insights. Increased Capacity for Strategic Thinking. If procurement is to do more, it must be more efficient and free up capacity for higher value activities that support new strategic priorities.
The AI WP also stresses how ‘[w] hile some regulators already work together to ensure regulatory coherence for AI through formal networks like the AI and digital regulations service in the health sector and the Digital Regulation Cooperation Forum (DRCF), other regulators have limited capacity and access to AI expertise.
Firms diversifying their supplychains to regions like Mexico and Southeast Asia were identified as potential sources of disputes. It highlighted the significance of traditional trade inputs in Latin America and how innovation in Asia has enhanced productivity.
Discussions took place regarding the need to increase Congressional capacity. Increase capacity of current Congressional committees, as they already have subject-matter expertise. The five witnesses agreed that Congress’ current structure is not set up to review the rules coming out of the Executive branch.
Additionally, on March 28, 2024 the Office of Management and Budget released the final guidance on Memorandum M-24-10, Advancing Governance, Innovation, and RiskManagement for Agency Use of AI as we address here.
The RFI included 13 questions on infrastructure/supplychain resilience, workforce, innovation, acquisition, policy, and regulatory environment. The AISI will create evaluation tools, test AI models and safeguards, issue guidance on AI safety and riskmanagement, and conduct technical research.
As we bid farewell to Tom in his professional capacity, the Coalition extends our heartfelt gratitude for his years of service and wish him all the best in his well-deserved retirement. Tom’s unwavering support for the Coalition has always been evident, through his time as a member and as Executive Vice President & General Counsel.
Seeking Member Feedback on GSA C-SCRM Questionnaire GSA’s Federal Acquisition Service is developing a voluntary Cyber SupplyChainRiskManagement (C-SCRM) Assurance Questionnaire for information and communications technology vendors. lacks capacity in vital areas, such as precision-guided munitions and microelectronics.
. ** Strengthen Software SupplyChain Security WHAT’S AT STAKE Whether developed in-house or procured from the commercial market, every major application includes countless open source and commercial software components.
Agenda Learning Objectives Complimentary Registration Live Captioning CART Agenda Join us as thought leaders from government and industry discuss the impact of EO 13990, the changes in the threat landscape that require new thinking about resilience, and how agencies can plan ahead to build resilience capacity as risks expand.
Seeking Member Feedback on GSA C-SCRM Questionnaire GSA’s Federal Acquisition Service is developing a voluntary Cyber SupplyChainRiskManagement (C-SCRM) Assurance Questionnaire for information and communications technology vendors. Per the memo, in FY22, Federal agencies awarded SDBs a record-breaking $69.9
pharmaceutical supplychain. In his capacity within the Commissioned Corps of the US Public Health Service, CDR Christl had deployed to public health disaster responses on numerous occasions including COVID-19, Hurricanes Irma and Maria, and to the Monrovia Medical Unit Ebola Treatment Unit outside of Monrovia, Liberia.
FAR & Beyond: Coalition Testimony on Safeguarding the Federal Software SupplyChain The Coalition for Government Procurement was invited to testify before the House Committee on Oversight and Accountability’s Subcommittee on Cybersecurity, Information Technology, and Government Innovation on November 29.
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