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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.
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.
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 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.
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.
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.
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.
Exiger has won a position on a potential 10-year, $919 million blanket purchase agreement awarded by the General Services Administration to facilitate the acquisition of supplychainrisk illumination tools and analytic support services.
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.
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.
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.
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.
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.
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 post Procurement & SupplyChain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!
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.
diplomats abroad, according to the department’s Cybersecurity-SupplyChainRiskManagement and Emerging Technologies Working Group lead. The State Department is developing countermeasures to prevent foreign adversaries from exploiting 5G or future 6G networks and the Internet of Things to target U.S.
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.
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.
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,
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.
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.
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.
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.
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 (..)
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.
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.
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.
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.
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.
P rocurement, a critical component of supplychainmanagement, is transforming, driven by the expertise of certified procurement professionals. The impact of such training is significant, leading to more streamlined procurement processes and better decision-making in supplychainmanagement.
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, 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. Global Media Contact.
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. Using a cooperative purchasing program ensures compliance with state and federal laws while reducing the risks associated with supplier management.
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.
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. About the research.
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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