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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.
The post Fishing for Truth in the Seafood SupplyChain appeared first on Art of Procurement. Oceana is a marine conservation nonprofit that has focused on seafood mislabeling for years, or “fish fraud” as it is.
Traditionally, procurement has been measured on their ability to generate savings and bring spend under management. The post The Psychological Long Tail of SupplyChain Disruption appeared first on Art of Procurement. That has led to.
The post [Pod] SupplyChain Cyber Attack: Expeditors and iRobot appeared first on Art of Procurement. Cyber attacks have been on the rise since 2020, occurring with increasing frequency and having a more detrimental impact to.
SupplyChain Strategies: What the Pandemic Has Taught Us So Far? Many nations are now facing the prospect of new lockdowns which will undoubtedly further impact global supplychains. . SupplyChainRiskManagement on the World Stage – Lessons Learned. Global SupplyChains are Here to Stay.
The post De Minimis: SupplyChain Trifles the Law Should be Concerned With appeared first on Art of Procurement. Section 321 of the U.S. Tariff Act of 1930 contains a small provision known as ‘de minimis,’ a Latin phrase.
A survey by Guidehouse and the Association for Federal Enterprise RiskManagement has found that cybersecurity and privacy continue to top the list of risks that federal agencies anticipate to have the greatest impact on the strategic objectives of their organizations in the next three to five years.
Interos has secured a five-year contract from the General Services Administration to enable the Department of Defense and civilian agencies to access its supplychainriskmanagement platform.
This week’s episode of Art of Supply features an interview with David Moran, an “unofficially retired” procurement and supplychain. The post Surviving the SupplyChain Arena appeared first on Art of Procurement.
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.
Best-in-Class for Healthcare SupplyChainManagement? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
For WashingtonExec’s Top SupplyChain Execs to Watch in 2023, we identified the leaders in GovCon helping federal customers with supplychainriskmanagement, managing procurement processes, centralizing supplychain systems, ensuring technology is getting to where it needs to go, and helping the nation work through unprecedented supplychain challenges. (..)
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. But a radical rethink is needed to succeed.
Modern software development is incredibly complex for federal technology managers, with products typically built from many different components from a variety of global software supplychain sources.
Like every industry Procurement & SupplyChain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. Do you remember the days when we used to attend these things called “conferences”? Crazy, wasn’t it! .
Supplychains are never far from news headlines, but when those headlines are reporting drug shortages, it is personal. The post Symptoms of Disruption in the Pharmaceutical SupplyChain appeared first on Art of Procurement.
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.
In June 2023, the Journal of Economic Perspectives published a paper titled “How Far Goods Travel: Global Transport and Supply. The post Weight and Value x Distance: Studying Global SupplyChain Use and Cost appeared first on Art of Procurement.
Human rights concerns are at the top of the priority list for supplychain and procurement professionals. child labor in your supplychain? Among the most. The post Are contracts obscuring U.S. appeared first on Art of Procurement.
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.
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.
She joined the space security and sustainability company after a two-year stint at Ball Aerospace, where she was responsible for overseeing cybersecurity operations, supplychainriskmanagement,
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.
Bindi Patel, a more than two-decade consulting industry veteran, has been appointed vice president of contracts and procurement and corporate risk officer at Springfield, Virginia-based defense and space manufacturing company Ensco.
Beyond this enormous human toll, the Coronavirus and the efforts to control the spread of the virus is being felt throughout the world’s supplychain. This crisis demonstrates the increasingly global nature and complexity of supplychains and the imperative to manage the risk within this complex supplychain.
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.
For 40 years and counting, LMI has been at the forefront of innovating solutions for the healthcare, artificial intelligence, supplychainmanagement, disaster and pandemic riskmanagement, space innovation, and science and technology sectors.
The subject of the hearing was “Safeguarding the Federal Software SupplyChain.” Thank you for the opportunity to appear before you to address the federal software supplychain. As such, they are well-aware of the challenges involved in addressing vulnerabilities in the federal software supplychain.
Riskmanagement, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. Strategic Investments Target Risk Reduction. Striking the Balance between People, Process and Technology.
China’s role in the global supplychain is changing right before our eyes, leaving foreign buyers to feel the discomfort. The post Even with +1, China is still #1 appeared first on Art of Procurement.
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 (..)
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.
New Risk Center adds capabilities and integrations to extend existing leadership in enabling holistic management of supplier risk. The latest innovations extend the existing strength of Ivalua’s Supplier Management solution, which had already been recognized as a Leader by Forrester Research Inc.
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.
These efforts send a strong signal to companies interested in the federal contracting space: For those hoping to tap into the $700 billion market, cyber supplychainriskmanagement (C-SCRM) must be a priority. The key is to start by making the effort and investments necessary to secure your cyber 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. Supplier Data Quality & Management in Decision Making. Some of these challenges include limited: .
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychainriskmanagement thanks to Ivalua’s Source-to-Contract (S2C) solution. About Ivalua.
Procurement and supplychain professionals excel at. Nothing that is simple is real, and nothing that is real is simple. The post [Pod] The Next Phase of Dial P for Procurement Begins appeared first on Art of Procurement.
With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. The study also found that suppliers will be vital for successfully ensuring supply continuity.
Despite the general consensus that riskmanagement is important, recent studies have found that many companies still have a long way to go and a lot of work to do…. The examples that Musk mentions in the video show that modern supplychains are becoming more global and more complex. Make RiskManagement Part of DNA.
The total costs, in terms of human lives, disrupted supplychains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and SupplyChain leaders.
SupplyChain Due Diligence (“SCDD”) laws, such as the German Lieferkettensorgfaltsgesetz , the recently approved EU Corporate Sustainability Due Diligence Directive , or the U.S. As an advocate for such laws, I recognise the urgent need to make supplychains fairer and more ethical.
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