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
A decade after releasing its landmark national cybersecurity framework, the National Institute of Standards and Technology on Monday released version 2.0 , an updated document that emphasizes governance and supplychain issues for both public and private sector entities.
Federal agencies have long followed the National Institute of Standards and Technology’s RiskManagement Framework for Information Systems and Organizations to help agencies select the appropriate safeguards related to cybersecurity, privacy and supplychainriskmanagement.
The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supplychain.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
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.
Diana Lovati, formerly chief information security officer at Ball’s (NYSE: BALL) aerospace business, has assumed the same role at True Anomaly, according to a LinkedIn post published Tuesday.
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.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react.
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. The subject of the hearing was “Safeguarding the Federal Software SupplyChain.”
Theresa Campobasso Senior Vice President of Strategy, Exiger Government Solutions Theresa Campobasso is continuing to leverage her extensive expertise to educate public and private sector customers on how to move beyond a basic compliance-based approach to supplychainriskmanagement and instead adopt a threat-based, risk-informed program to increase (..)
From this discussion, we compiled a list of 8 critical supplychainmanagement activities that to improve, build, and maintain supplychain resilience now and in the years to come. But building an agile, resilient supplychain doesn’t happen overnight; it requires forethought and planning.
The onset of the coronavirus epidemic has accelerated the supplychain digital transformation that has languished on businesses’ “to-do” list for years. Chaos from the coronavirus has made clear that procurement & supplychain practices need to get smarter. Supplychains have been badly disrupted.
Third-party RiskManagement (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.
They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supplychainmanagement activities that can help Procurement teams build and maintain supplychain resilience now and in the years to come.
” – Vendor Manager | ONE AMERICAN BANK Use Data and Analytics to Make Informed Decisions Modern procurement relies heavily on data. Use procurement software or work with a GPO like OMNIA Partners that offers advanced analytics tools to track spend, identify trends, and optimize your supplychain.
As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react. There are many supplychainmanagement lessons to learn from the Covid-19 crisis. These challenges in the direct material supplychain pose a real threat, especially in a time of crisis.
Ivalua’s Risk Center offers customers a holistic solution to actively monitor and mitigate third-party risk and compliance. This combined picture is visible in actionable dashboards to provide a comprehensive and timely picture of risk and the potential impact on the business.
Supplier failure and supply shortages are the biggest risks, yet many businesses are unprepared to mitigate these events in the future. The most common threats organisations faced include supplier failure (48%), supply shortage (46%) and environmental impact, such as pollution or waste (33%).
REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supplychain, procurement and finance business leaders on Effective Procurement Performance Measurement. About Ivalua.
Major Ben Hunter, Deputy Chief Information Security Officer for US Army Software Factory, explained that reaching ATO first allows for transitioning to Continuous ATO, with success measured by how quickly security patches can be applied and systems recovered. He has completed two combat deployments in support of OPERATION IRAQI FREEDOM.
We remain committed to this mission at the upcoming Spring Training Conference, ensuring that attendees leave with comprehensive updates on acquisition policies, programs, and initiatives in subjects like artificial intelligence (AI), cybersecurity, the medical supplychain, and much more. We look forward to seeing you in May!
Close Contributing Editor , FedInsider The Role of AI & Automation: Jason Ralph × Jason Ralph Director, Security Operations Center (SOC) Jason Ralph brings more than 30 years of experience in information technology, specializing predominantly in cybersecurity.
Former federal executives and industry experts said it may be time to rethink the IT value added reseller (ITVAR) approach as the FBI and DCIS raid shined a brighter light on supplychainrisks that most vendors and agencies generally glossed over until now. I think the government and industry are asking that question now.
The pandemic was a wake-up call for businesses worldwide, who struggled to overcome operational disruption — everything from the transition to remote working, to supplychain chaos. What’s more, PwC found that the average investment in riskmanagement among MENA companies was $1.5 Enter eProcurement.
Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and riskmanagement. Also, proper data analysis can help find potential hazards in the supplychain, sustain continuity, and reduce disruptions.
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.
Originally published on RiskManagement Monitor. Essentially every company that manufactures goods today depends on other companies to supply the raw or value-added materials that go into their finished products. Ivalua Supplier Risk and Performance Management Checklist.
North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 SupplyChain Data Quality and Governance Study ”. The report contains some great illustrations of the current state of Data governance across the organizations that were surveyed, with a specific focus on the supplychain.
New products and capabilities are coming to market like AI and machine learning, and we also have new risks that are emerging. So supplychainriskmanagement and elimination becomes a very important discipline. We also have global events that are causing disruptions to the supplychain.
Brian Friel , Co-Founder, BD Squared (confirmed) Kevin Plexico , Senior Vice President, Information Solutions, Deltek (confirmed) David Taylor , Founder & CEO, Federal Budget IQ Cybersecurity, Cloud, & AI Panel: What’s Next for the Federal Market? James Peake , M.D.,
GSA also consistently pointed to TDR data management as an effective tool in addressing security issues, including supplychainriskmanagement. The results also showed significant improvement in the completeness of the data and its overall use by contracting officers.
Brian Friel , Co-Founder, BD Squared (confirmed) Kevin Plexico , Senior Vice President, Information Solutions, Deltek (confirmed) David Taylor , Founder & CEO, Federal Budget IQ (confirmed) The Evolving Federal Landscape of AI: What’s Next? James Peake , M.D., James Peake , M.D.,
CTA April 28, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. Gaps and dysfunction in the supplychains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Those are three hot topics in the enterprise today.
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. According to SupplyChain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.
The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier informationmanagement, supplychainriskmanagement/mitigation, and supplier performance management.
For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Much like how Chief Information Officers and Chief Financial Officer’s roles are evolving, the CPO role is now expected to go above and beyond the traditional role architecture. Globalization.
Efficient communication, the ability to securely share information and project manage efforts are all key to scaling collaboration across more processes, suppliers & categories. Ensuring SupplyChain Agility. Manage categories like a financial portfolio. Agility is needed not just to avoid disruptions.
A checklist guide to getting the most out of your supplier riskmanagement program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . The following are some of the most common objectives for implementing a supplier risk and performance management program. .
Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and RiskManagement (SRM) solutions to streamline its direct and indirect procurement operations. Redwood City, CA, 25 April, 2023.
KPIs need to be created with the understanding of what is important to the business, what information can add value and with consideration on how the information required can be gathered. Early indication in this situation would be key to riskmanagement. Wrap Up Do you want to know more about KPIs and supplychains?
Redwood City, CA – October 26, 2020 – Ivalua, a leading global spend management cloud provider, and Consus, a leading global supplychain solutions provider, today announced that Jollibee Foods Corporation (JFC) has successfully deployed Ivalua’s platform to empower its procurement digital transformation, with Consus leading implementation.
31 March, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supplychain, procurement and finance business leaders on Effective Procurement Performance Measurement.
New Operating Models for the Supplier Risk Renaissance. If we’ve learned anything over the past year about managingsupplychainrisk it’s this: integration across functional silos directly impacts the ability to predict disruption and drive risk-based decision making. Bhargavi Kosaraju.
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