Remove Ethics Remove Quality Remove Risk Management
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It’s Time to Rethink Supply Chain Risk Management

ivalua

Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. . Historic approaches are not fit for tomorrow’s global market, requiring a broad rethink to how we assess, mitigate, and model risk.

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Why are KPIs Important in Procurement?

Oxford College of Procurement and Supply

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. Early indication in this situation would be key to risk management.

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How AWS helps agencies meet OMB AI governance requirements

AWS Public Sector

In March 2024, the Office of Management and Budget (OMB) released a memo that provides more specific directions to agencies for compliance with the guidance outlined in the executive order. These training offerings cover a broad range of topics, including AI ethics, bias mitigation, model explainability, and secure AI development practices.

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Ignore Supply Chain Risks… At Your Own Peril!

ivalua

Despite the general consensus that risk management is important, recent studies have found that many companies still have a long way to go and a lot of work to do…. Many countries have also introduced new regulations on sustainability (modern slavery, conflict minerals), or diversity, which add new risk factors in terms of compliance.

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The Secret to Effective Supplier Onboarding – Tiering 

ivalua

Strategic suppliers deliver additional benefits to your enterprise beyond typical operational aspects such as cost, quality and service. insurance, liabilities) and reputational risks (e.g., ethics, workforce, environmental) once in production. How to Apply Qualifying Checks to Supplier Onboarding?

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Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

These scenarios often involve a need for expertise, standardization, quality, compatibility, and exclusive availability of products or services. However, a sole source justification based solely on quality, preference, or standard price comparisons is invalid. There are several common scenarios where it is vital.

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Scientists must be empowered — not replaced — by AI, report to White House argues

FedScoop

“We can see future projects that will include collaborators to develop next-generation quantum computing qubits, wholesale modeling, whole Earth foundation models” and an overall “handle on high-quality broad ranges of scientific databases across many disciplines,” Greene said. They’re not necessarily biased in the wrong direction.