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With the responsibility of protecting attendees, crowd control, and maintaining security, procurement teams play a critical role in making sure the staff has everything they need to execute the event. Procurement teams must source reliable security services that can scale up depending on the size and complexity of the event.
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.)
When it comes to procurement, having a clear, strategic approach is key to delivering value to your organization. Whether you’re in education, government, nonprofit or the private sector, procurement can be a powerful tool for maximizing savings, streamlining operations, and ensuring compliance.
The post Participating in Procurement and Other Extreme Sports appeared first on Art of Procurement. According to a 2020 study by BCG, 70 percent of transformation projects fall short of expectations. This means that transformations.
Supplier riskmanagement is the effort associated with identifying, assessing, mitigating, and monitoring risks associated with an organization’s third party. The post What is Supplier RiskManagement? appeared first on Art of Procurement.
The General Services Administration and Microsoft reached an agreement under the Governmentwide Microsoft Acquisition Strategy (GMAS) to streamline IT acquisition processes and enhance cybersecurity standards for agencies procuring the companys services, the GSA announced Wednesday.
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.
The post Relationship Building: The Key to Effective RiskManagement 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.
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.
Procurement and supply chain professionals excel at. The post [Pod] The Next Phase of Dial P for Procurement Begins appeared first on Art of Procurement. Nothing that is simple is real, and nothing that is real is simple.
Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. Understanding Supplier RiskManagement. Proactive riskmanagement.
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. On average, companies in this region plan to invest $1.5
The Department of the Navy’s third attempt to modernize its contract writing system and overall electronic procurement system is on shaky ground. That hubris reared its ugly head most recently in June when the Navy retracted a technical assessment that found shortcomings in the Navy’s electronic procurement system (ePS) program.
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.
The post [Pod] Setting the Standard for Procurement in Western Africa w/ Steve Ashcroft appeared first on Art of Procurement. “Perhaps I shouldn’t say this in a public sphere, but within our class of multilateral development banks, my ideal is.
Like every industry Procurement & Supply Chain 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. The May 5 th programme is open to everyone, while the 6 th is limited to current Ivalua customers. .
What Lieferkettengesetz Means for Procurement? The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. Further, it is essential that supplier management and data is holistic (i.e.,
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. . Procurement and supply chain teams need to continue building the analytical skills of their teams.
Long time listeners of the Art of Procurement podcast will know that the team hosts a related podcast, Dial P. The post 2023 Dial P for Procurement Year in Review appeared first on Art of Procurement.
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 supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement.
Our partnership with Ivalua enables procurement to see where they are exposed and the steps they need to take to reduce their risk,” said Pierre-Francois Thaler, Co-CEO of EcoVadis. ” riskmethods – A leader in supply chain riskmanagement, riskmethods empowers businesses to identify, assess and mitigate supply chain risk. “The
While many leading organizations have developed programs to manage and deal with supply chain disruption, this situation is a unique challenge for even those organizations with advanced riskmanagement programs. The post Supplier RiskManagement Considerations for the Coronavirus Outbreak appeared first on Ivalua.
Tightening the Alignment between Procurement and Corporate Leaders . Using procurement as a catalyst for change . In a recent webinar with PricewaterhouseCoopers (PwC), we compared 3 different global studies where Procurement and C-level Management stakeholders addressed digitalization, risk, and ESG. .
Government expenditure through public procurement is essential since it ensures that there are contracts available to be bid in a fair, open, and competitive manner. These public procurement principles allow businesses of all sizes to participate equitably, protect the integrity of taxpayer money, and encourage competition and efficiency.
The post [Pod] The Critical Role for Procurement in Mergers, Acquisitions, and Divestments w/ Chris McCarney and Marcos Cortes appeared first on Art of Procurement. “Every deal is a snowflake, as we say. There are unique aspects to every deal. Are there things that need.
The post Even with +1, China is still #1 appeared first on Art of Procurement. China’s role in the global supply chain is changing right before our eyes, leaving foreign buyers to feel the discomfort.
Effective today, Dial P for Procurement is the Art of Supply podcast. The post Introducing Art of Supply appeared first on Art of Procurement. Building on the strength of the category-leading Art.
Spring also means it is time for a Procurement Policy Spring Cleaning Checklist highlighting the key initiatives that will shape procurement operations for customer agencies and industry partners. Increasingly, AI is making its way into procurement operations. Supply chain riskmanagement and domestic sourcing.
What makes KPIs so vital to Procurement? Just because the purchase order is placed with the supplier , our work as procurement professionals is not done. At this stage of the procurement cycle (stage 10), our work should be focusing on the management of the contract to ensure that the supplier is delivering as per our expectations.
The post Treasure Hunting with TJX appeared first on Art of Procurement. The last few years have not been kind to retailers. Inventory misalignment has dragged down revenue and working capital.
The Federal Emergency Management Agency has announced plans to conduct a competition for a contract to provide financial, internal controls, IT audit and assessment services for FEMA’s Office of the Chief Financial Officer, or OCFO, RiskManagement and Compliance Division.
The post Reading FedEx Ground the RICO Act appeared first on Art of Procurement. The Racketeer Influenced and Corrupt Organizations Act, better known as RICO, is usually associated with organized crime. In 1992, it.
The post [Pod] JPMorgan Chase Stops the Financial Contagion appeared first on Art of Procurement. In 1907, J.P. Morgan was called back from a trip to help stop a series of bank runs on Wall.
This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices.
The post The LEGO Sustainability Saga appeared first on Art of Procurement. “We can’t say we inspire and develop the builders of tomorrow if we’re ruining the planet.” – Tim Guy Brooks, Head.
The post [Pod] Supply Chain 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.
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and riskmanagement.
The post Fishing for Truth in the Seafood Supply Chain 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.
The post [Pod] Case Dismissed: Spencer Patton Prevails Over FedEx appeared first on Art of Procurement. In August of 2022, the relationship between FedEx Ground and their network of delivery contractors looked like it was about.
Traditionally, procurement has been measured on their ability to generate savings and bring spend under management. The post The Psychological Long Tail of Supply Chain Disruption appeared first on Art of Procurement. That has led to.
The post Evaluating India as a Viable Alternative to China appeared first on Art of Procurement. “Folks from Dell to HP to Nike to Hasbro to Sony to Apple to Google to Goldman, they’re all looking.
The post Dodging the Urban Doom Loop appeared first on Art of Procurement. In the book “Good to Great,” Jim Collins wrote about the flywheel effect, a prosperous cycle of work and adjustment.
The post The Great Supply Train Robbery appeared first on Art of Procurement. According to the New York Times, about 20 million containers move through the ports of Los Angeles and Long Beach.
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