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What is Supplier Risk Management?

Art of Procurement

Supplier risk management is the effort associated with identifying, assessing, mitigating, and monitoring risks associated with an organization’s third party. The post What is Supplier Risk Management? appeared first on Art of Procurement.

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Relationship Building: The Key to Effective Risk Management in Procurement

Art of Procurement

The post Relationship Building: The Key to Effective Risk Management in Procurement appeared first on Art of Procurement. “You need to know your suppliers, what they can and what they can’t do, and what they’re ready to do.

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Your procurement compliance and risk management checklist

Bonfire

We recently chatted with seasoned procurement pros at our OntarioTalk event, and they had some great compliance advice that applies to all jurisdictions. Lawrence College Luca Del Grosso , Manager of Procurement at Technical Standards and Safety Authority They all shared their experiences and what worked well in their agencies.

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International Public Procurement Conference 9: Umm Al Quwain, UAE

Public Procurement Intl

Photo: Umm Al Quwain – Rainer Strehl David Drabkin and Christopher Yukins presented on October 3, 2024 at the International Public Procurement Conference 9, a regular event which was held this year in the emirate of Umm Al Quwain in the United Arab Emirates. Because of a surge in armed hostilities in the Gulf, they presented virtually.)

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The Key Pillars of Third-Party Risk Management

ivalua

Third-party Risk Management (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.

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Risk Management Requirement for Financial Services Procurement

ivalua

The post Risk Management Requirement for Financial Services Procurement appeared first on Ivalua.

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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. . Rather than disrupt supply, let’s disrupt supplier management. But a radical rethink is needed to succeed.