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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.
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.
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 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.
What Lieferkettengesetz Means for 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. For procurement organizations, the German SupplyChain Act presents both challenges and opportunities.
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.
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. The May 5 th programme is open to everyone, while the 6 th is limited to current Ivalua customers. .
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.
For WashingtonExec’s Top SupplyChain Execs to Watch in 2023, we identified the leaders in GovCon helping federal customers with supplychainriskmanagement, managingprocurement processes, centralizing supplychain systems, ensuring technology is getting to where it needs to go, and helping the nation work through unprecedented supplychain challenges. (..)
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.
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.
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.
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.
Procurement and supplychain 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.
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.
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.
Human rights concerns are at the top of the priority list for supplychain and procurement professionals. child labor in your supplychain? appeared first on Art of Procurement. Among the most. The post Are contracts obscuring U.S.
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. There are many supplychainmanagement lessons to learn from the Covid-19 crisis.
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.
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.
P rocurement, a critical component of supplychainmanagement, is transforming, driven by the expertise of certified procurement professionals. Armed with a Public Procurement Certificate , these individuals bring a new level of efficiency and strategic insight to the field.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.
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.”
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. This in turn enables procurement teams to better evaluate a situation, make decisions and act.
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. Markus Leutert.
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.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.
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.
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.
“Ivalua’s Risk Center brings actionable data and insights from across the supplier lifecycle together with complimentary external data so our customers can effectively manage supplier risk. The global supplychain is a breeding ground for hidden sustainability and CSR risks.
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.
PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier riskmanagement. Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70%
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 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.
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.
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. .
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%).
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. Supplychainriskmanagement and domestic sourcing.
We are thrilled to provide a forum for Federal acquisition leaders and our members to continue to explore the theme of “What is Fair and Reasonable” when it comes to government market conditions, contract terms, procurement policies and regulations. We look forward to seeing you in May!
Jeff Koses, GSA’s senior procurement executive, said the legislative change would bring clarity to the Competition in Contracting Act of 1984. Jeff Koses is the senior procurement executive at GSA. Over the last 40 years, we’ve moved to a best value mindset.
New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.
In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Incentivize procurement w/performance goals & KPIs that encourage supplier collaboration to drive meaningful changes in behavior.
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