Remove Ethics Remove Quality Remove Risk Management
article thumbnail

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.

article thumbnail

Governments need to plan for the entire product lifecycle when they purchase technology today

American City & Country

Cunningham adds that proper training for system operators “must cover not only system operation but also legal and ethical considerations.” Keeping pace with rapid technological advancements, particularly in artificial intelligence (AI) and analytics, while navigating associated legal and ethical challenges can be tricky to navigate.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

Import 59
article thumbnail

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.

article thumbnail

What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

By working closely with suppliers, organizations can ensure quality, on-time deliveries, and mutually beneficial partnerships. Sustainable procurement focuses on purchasing products and services that have minimal environmental impact, are ethically sourced, and support fair labor practices.

article thumbnail

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.

article thumbnail

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?