This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
KPIs are popularly related to areas such as: On time delivery Amount of rejects Cost reduction Ethical conduct Sustainable approaches Lead times KPIs can be written to measure any aspect of supplier performance but must be relevant to the contract to add value. The post Why are KPIs Important in Procurement?
The discussion also addressed limitations to human cognitive skills, including the average attention span and the importance of engaging visuals. The speakers stressed the necessity of genuine credibility and discussed different ways of fairness.
The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. Export and import of certain hazardous wastes. Production of mercury-added products, use of mercury and treatment of mercury waste.
Chemicals used in energy storage technology are often sourced or processed in places and countries that can presentethical — as well as geopolitical — challenges. “Providing the scientific foundation to accelerate this important research is key to our economy and making sure the U.S.
Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.
This week, the Coalition for Government Procurement held two important training courses for our members – MAS Basic Training: The Nuts & Bolts and GSA and VA Schedule Contracting Training for In-House Counsel.
It is important for us to remember the suppliers perspective and to effectively communicate with them, so we receive the end product that we want. Finally, ensure you act ethically and sustainably at all times. Do not engage in any bad practice such as bribery, corruption or fraud.
We felt it was important to go beyond the hype and have a grounded and evidenced conversation exploring the use cases for AI in procurement and the use case for procurement of AI. And finally, performance monitoring with a focus on accountability regarding the ethical and data management specifics.
The Framework and Starting Propositions International arbitration presents an opportunity for flexibility in presentation and consideration of evidence, but that flexibility cannot come at the cost of rigour. What Ethical Considerations Arise? The fundamental requirement under Art 35.1
They now have the flexibility to choose between traditional oral hearings or for the proceedings to be conducted on an “documents-only” basis for the presentation of evidence without oral arguments. from the arbitrators’ side. Failure to comply with Article 10bis’s aforementioned conditions carry significant consequences.
For example, where a party fails to present its legal arguments or claims accurately, arbitrators are hesitant to exercise their interpretation rights (“释明权”) to avoid challenges of unfairness. In Mainland China, arbitrators engage more proactively with factual issues compared to legal issues.
Both panelists stressed the importance of understanding a client’s goals in arbitration and the importance of knowing the facts necessary to prove a claim. The panel discussed ethical issues that can arise at arbitral institutions and in the appointment and instruction of expert witnesses. Further, Ms.
Uyghur Forced Labor Prevention Act (“UFLPA”) , represent a pivotal step toward fostering ethical supply chains, underscoring the shared responsibility of states and corporations in combating human rights violations. As an advocate for such laws, I recognise the urgent need to make supply chains fairer and more ethical.
The discussion also addressed limitations to human cognitive skills, including the average attention span and the importance of engaging visuals. The speakers stressed the necessity of genuine credibility and discussed different ways of fairness.
The panel delved into (i) the mechanisms and challenges of dispute resolution in the decentralized space, and (ii) the integration of artificial intelligence (“AI”) into judicial systems and arbitration proceedings and the underlying legal and ethical considerations.
Opening Remarks and Institutional Updates The first panel presented updates from each organizing arbitral institution, reporting on major developments over the last year. He acknowledged the importance of minimizing corruption and improving rule of law but noted that the data suggests that they are not strictly necessary.
Consistently, external auditor findings have shown the lack of professionalism in procurement to be a financial problem often accompanied with ethical dilemmas. Risks: There are inherent risks in outsourcing procurement, as with any other important function. He presented to the World Bank on social procurement strategies.
Secondly, P&ID presented and relied on evidence that it knew to be false. These issues can be difficult for tribunals to grapple with, in particular, because there is no standardised set of ethical obligations applicable to counsel from different jurisdictions. Where it does, to what extent?
Important discussions on international arbitration are formulated at an ever-increasing number of conferences, symposia, and events; keynote addresses set out thought-provoking proposals; the number of journals and reviews specializing in international arbitration has greatly proliferated; and even online blogs produce short yet interesting posts.
Emotion AI can generate detailed behavior reports presented in a user-friendly format with visual graphs and data points. Soft skills, such as perceiving and responding to implicit cues, are important for fostering an empathetic and responsive dialogue. The real challenge lies in how we manage its implementation.
When you chat with Q, it provides immediate, relevant, and actionable information and advice to help streamline tasks, speed decision-making, and help spark creativity,” said Dominic Delmolino, vice president of technology for AWS worldwide public sector, who presented a demo during Levy’s keynote.
Mayara Nunes (Deputy Counsel, ICC International Court of Arbitration) provided an overview of the ICC’s activities in Brazil and the Northeast, presenting statistics that indicate a growth trend. In her words, “a s lawyers, we play a very important role in ensuring the expeditiousness and efficiency of the procedure ”.
These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. . While that’s further away, Jones says AI-powered software is valuable for bringing multiple data sources in one place to present them to the user. “We
Mr. Potsch then presented an updated analysis on how Brazilian State Courts applied the CISG between August 2020, and June 2023. In its turn, Mr. Cardoso and Mrs. Ramos presented a study regarding UNIDROIT Principles application, respectively, in international commercial arbitration and investment arbitration cases.
While pre-acquisition due diligence is important, it does not always uncover misconduct. Learning about corruption after a deal closes presents difficult questions about whether to self-disclose, as Lifecore did. American companies acquiring foreign corporations need to assess the risks carefully. g)(1)) (accessible here ). [3]
Ms Kwan highlighted that clients consider it important to nominate an arbitrator who is fluent in, or has a good working knowledge of, the language in which their witnesses might testify. Mr Yin noted that most jurisdictions generally have consistent ethical standards. Third, the panel underscored the importance of bilingual lawyers.
Government contractors need to consider the broad scope of such liability, the importance of early detection of underlying misconduct, potential mandatory or voluntary disclosures, the effectiveness of their compliance programs in detecting and effectively addressing serious misconduct, and the risk of potential suspension and debarment.
Stefan Deaconu (Court of International Commercial Arbitration, the Chamber of Commerce and Industry of Romania) emphasised the importance of maintaining trust in the arbitral process, tracing back to ethics, legitimacy, and personal reputation. Ethics and Conflicts in International Arbitration Panel 1 was moderated by Julie Bedard.
JAMS describes these new rules as “clear guidelines and procedures that address the unique challenges presented by AI, such as questions of liability, algorithmic transparency, and ethical considerations.” The JAMS AI Rules are new arbitration rules intended to govern disputes involving AI.
I quickly found at the beginning of my journey into Indigenous Procurement that courses and procurement training, although important, would only be one part of my learning in the implementation of this innovative policy. The intent was more important than the words on the page. This shift prompted a change in approach.
While most professional rules, which an arbitrator (subject to their profession) may be bound by, dictate certain standards of professional conduct, including ethical standards, there are no such rules when it comes to arbitration. This requirement is also present in the rules of many arbitral institutions. For example, Article 14.1
Survey results in a new study by Forrester , commissioned by Ivalua, reveal several important lessons for procurement leaders to keep in mind as they adapt their departments for success. Disruptions, ethical and compliance risks are more likely to occur deep in your supply chain. Second, map your sub-tier.
Indeed, unlike other elements related to the monitoring and effectiveness of spending control, the issue of using AI tools contain its own legal and ethical quandaries. This process, at present, is not without its faults. And yet, most of the time, they play a subtle yet important role in anyone’s decision making.
In Korea, legislation prohibiting profit sharing means that there is presently no appetite for TPF. Mulheron emphasized the importance of including both financial and prudential aspects in such a regulatory regime. CIETAC and the Shanghai Arbitration Commission have included specific rules for arbitration.
Effectively managing suppliers is now one of the most important factors in organizational success. Chassis Brakes Int’l (now part of Hitachi), presents a great example, having unified supplier data across all 25 global ERP environments through it’s global Source-to-Pay (S2P) platform. Yet, too few businesses do so well.
Gartner covers this in the report: Balancing Speed and Risk Oversight with Supplier Onboarding ) The degree of supplier scrutiny varies depending on the importance of the contract and the strategic value of the supplier. . ethics, workforce, environmental) once in production. Checks to ensure no additional exposure to financial (e.g.,
Such due diligence should be proportionate to any additional specific risk posed by the use of AI, and could include site visits, clarification questions or supplier presentations. It presents as ‘for information only’ a request for information on the use of AI or machine learning in the context of the actual delivery of the contract.
She also highlighted the importance of preserving key principles such as procedural fairness and due process, whilst also promoting innovation and adjustment, and ensuring every voice is heard. Joel Altschul (EY) then illustrated the various ethical considerations that must be considered when engaging with such technology.
AI-keen suppliers might not bid for public procurement opportunities, losing an important revenue stream, while other contractors might be forced to keep up two parallel systems, making AI adoption more costly due to reduced economies of scale. issuing a key license/permit or awarding a sensitive contract).
It was a special honor to have members of the Caggiano family present to pay tribute to Joe Caggiano’s enduring legacy, reminding us of the importance of continuing his commitment to service and community. We thank the GW Law School for its continued partnership towards this scholarship. 24-160 (July 16, 2024).
These agreements take on even greater importance under the Procurement Act 2023, with greater emphasis on transparency, competition and sustainability. Challenges of Framework Agreements Although framework agreements present many advantages, they come along with challenges. What Are Framework Agreements?
2024 EIP Awards Categories : Lifetime Acquisition Excellence Award – Presented to an individual in the contracting community (government or industry) for demonstrating a life-long commitment to advancing “common sense in government procurement.”
During the presentation, Schwartz will provide an update on recent healthcare legislation in the fiscal year (FY) 2024 National Defense Authorization Act (NDAA). Impacts on Federal Vendors Importantly, the bills would require vendors to federal agencies to adhere to the Framework. Webinar – Healthcare Focus: Briefing on FY24 NDAA, Feb.
Our presenters for the day will be Jason Workmaster , Member, Miller & Chevalier Chartered; Liam O’Reilly , Counsel, Crowell & Moring LLP; and Alex Barbee-Garrett , Counsel, Crowell & Moring LLP. While AI remained a priority, many agencies noted that they were still in the early stages of using the technology.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content