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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.
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. Assessing Risk across the SupplyChain.
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.
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.
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 (..)
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.
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. Transparency, or ability to scale data, across an organization. Risk & Performance Management.
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.
GSA also consistently pointed to TDR data management as an effective tool in addressing security issues, including supplychainriskmanagement. Transparency in the development of any pricing guidance that impacts MAS contractors will be vital to the long-term success of TDR and the MAS program.
Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and riskmanagement. It focuses on how public sector entities can enhance compliance and transparency. What is Data Analytics in Procurement?
CTA April 28, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. Gaps and dysfunction in the supplychains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Those are three hot topics in the enterprise today.
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. According to SupplyChain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.
Further, suppliers play a pivotal role in innovation, ESG, riskmanagement, quality, supply continuity, and many other critical organizational functions. Ivalua is honored to be recognized in this important evaluation covering a broad range of Procurement and SupplyChain processes.
Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and RiskManagement (SRM) solutions to streamline its direct and indirect procurement operations. Redwood City, CA, 25 April, 2023.
For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Challenges in this new manufacturer/supplier partnership Burton cites include: Riskmanagement. Globalization. Burton predicts that China and Brazil will become hubs for global sourcing.
He had taken on a few leadership roles in Flex such as Procurement Compliance Director, led the Global Sourcing team, and is currently member of Flex SupplyChain Council and SupplyChainRiskManagement. Daniel Koh is currently leading a team of 130 sourcing and pricing professionals globally.
Harwood, and Ashley Powers; Miller & Chevalier Chartered The Office of Management and Budget (OMB) released a new memorandum at the beginning of October, “Advancing the Responsible Acquisition of Artificial Intelligence in Government” ( M-24-18 ) (the Memo), intended to help “agencies harness the power of AI.”
A checklist guide to getting the most out of your supplier riskmanagement program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . The following are some of the most common objectives for implementing a supplier risk and performance management program. .
Often, inefficiencies are created in sourcing or Procure-to-Pay from inaccurate supplier information, payment delays stemming from inaccurate supplier master data, inconsistencies of supplier master data across systems, out-of-date credentials, disconnected supplier risk information, etc. Digitize supplychain collaboration .
Prioritize as a key contract consideration the handling of data, including procedures for data management, accountability, and access. Include cost estimates for post-award oversight, riskmanagement, maintenance, and corrective action in budgeting for procurements. Requests for transparent pricing across the AI lifecycle.
GSA also consistently pointed to TDR data management as an effective tool in addressing security issues, including supplychainriskmanagement. Transparency in the development of any pricing guidance that impacts MAS contractors will be vital to the long-term success of TDR and the MAS program.
At the same time, organizations have never been more exposed to risk from their supplychains, from supply continuity, quality, or ESG violations. Below, we outline the 5 steps toward modernizing supplier management, addressing both transparency and effective engagement. Gain control of your supplier data.
Data plays a pivotal role in supply, demand, and real-time monitoring of the drug supplychain by medicine authorities. Data mesh to the rescue Data mesh is an architectural framework that enables organizations to redefine how they manage and utilize their data assets. In 2023, 55 new drugs were approved by U.S.
If something goes wrong with this supplier and you can’t find an alternative supplier quickly, you have a weak spot in your supplychain. Thus, to the earlier point, driving greater template standardization can result in greater transparency for ongoing executive report access.
Technology must be employed that supports securely sharing all relevant information between internal stakeholders and suppliers, and it must support effective planning and transparency for project teams. Disruptions, ethical and compliance risks are more likely to occur deep in your supplychain.
To view this webinar: How to Fight Threats to the Software SupplyChain. As DCISO, Nate assists in the development, implementation, and oversight of comprehensive information security strategies, riskmanagement, agency incident response plans, and programs. Immigration and Customs Enforcement.
Second, the realignment provides an opportunity to increase transparency for customer agencies and industry partners seeking to do business with FAS. The new structure also can enhance transparency with regard to guidance impacting the MAS program. Third, the alignment provides an opportunity to improve data management.
Today, they are tackling new priorities like riskmanagement, supplier compliance, actionable insights. Digitizing the source-to-pay process eliminates paper, unnecessary phone calls / emails and improves transparency for all stakeholders. Compliance in Times of Uncertainty.
During the training, Jason, Liam, and Alex will cover the following topics and more: Pricing – Transactional Data Reporting (TDR)/Commercial Sales Practices (CSP); Domestic Preferences; SupplyChain; Enforcement/Mandatory Disclosure/Ethics; Sustainability Requirements/Policy; and Bid Protests Update. James Peake , M.D.,
Firms diversifying their supplychains to regions like Mexico and Southeast Asia were identified as potential sources of disputes. They also addressed concerns about arbitration confidentiality in the context of emerging themes like ESG considerations, emphasizing the need for transparency while preserving party autonomy.
Relatedly, the AI WP relies on those mechanisms to avoid addressing issues of accountability across AI life cycle, indicating that ‘[t] ools for trustworthy AI like assurance techniques and technical standards can support supplychainriskmanagement.
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.
NIST has an AI riskmanagement framework now, and some other publications, that are guidance for the development of AI. And then third, we talk about supplychainmanagement all the time, but vendor due diligence when you’re using third party AI tools is going to be very important for government contractors.
Government and partner nation lines of effort to address growing national security risks posed by rapidly expanding AI capabilities, including the expectation of achieving artificial general intelligence (AGI). The House Committee on Oversight and Accountability has considered this bill and voted on a markup.
Demand data is shared publicly every other month through GSA’s Vendor Support Center To work towards its goal of “complete transparency” in government procurement purchasing, GSA has expanded its datasets and plans to make more data available over the coming years. GSA is also expanding TDR as an option to additional SINs in August 2024.
The sole source justification process is rigorous and requires approval from the organization’s procurement services, with steps including the completion and review of a justification form, internal review and approvals, and adherence to transparency and compliance regulations to managerisks effectively.
Cybersecurity and Infrastructure Security Agency (“CISA”) published software bill of materials (“SBOM”) guidance through the third edition of Framing Software Component Transparency: Establishing a Common Software Bill of Materials (SBOM) (dated September 3, 2024) (the “Guidance”).
Importantly, this process should be transparent, providing all stakeholders, including the public, the opportunity to provide feedback on any proposed revisions. Increasingly, the question for FSS contracting officers is which controls: PAP 2021-05 or the EPA deviations currently in effect? billion, which accounted for 11.4
The document, the “Software Acquisition Guide for Government Enterprise Consumers,” was written by the Information and Communications Technology SupplyChainRiskManagement Task Force, which is co-led by CISA and industry representatives.
Seeking Member Feedback on GSA C-SCRM Questionnaire GSA’s Federal Acquisition Service is developing a voluntary Cyber SupplyChainRiskManagement (C-SCRM) Assurance Questionnaire for information and communications technology vendors.
Steve Nguyen, Sayari Steve Nguyen General Manager of Government Business Unit, Sayari In a global economy, tracking bad actors, managingsupplychainrisks, exposing illicit finance and dismantling fentanyl networks is urgent.
The year ended with ambitious statements by the governing Liberal Party on proposed legislation to eradicate forced and child labour in Canadian supplychains. This will allow reporting entities to align and streamline public statements regarding supplychain compliance efforts across jurisdictions.
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