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Sphera SCRM is the new name of riskmethods, an SCRM specialist that was founded in 2013 and has been extensively covered by Spend Matters. Although Sphera (the company, not the SCRM module) is a few years younger than riskmethods, it acquired riskmethods in 2022 to complete its ESG-focused offering with riskmanagement capabilities.
In fact, the Federal Reserve Board (FRB) has somewhat similar guidelines on outsourcing for the US market in 2013. According to the EBA guidelines, outsourcing an activity shall never: Transfer bank’s senior management responsibility of running core management functions (e.g, Impair riskmanagement obligations.
In such an unpredictable environment, procurement leaders are advised to take a risk-management approach, focusing on cost efficiency, contract flexibility, and strategic supplier relationships to ensure institutional resilience. Since 2013, higher education R&D has grown at an average compound annual rate of 5.0%
ISO/IEC 27001:2013. The ISO/IEC 27001:2013 regulation is a flexible risk-based approach that covers information security. Cyberthreats are continuously evolving and to be safe, organizations need to keep abreast of the latest riskmanagement strategies. iii) Monitor the effectiveness of compliance controls.
Core activities like spend analysis are moving toward real-time, custom and predictive analytics, while less-mature analytics functions like riskmanagement will join procurement’s list of fundamental responsibilities. Georg Rösch | VP Product Management. Improve analytical capabilities. This implies close cooperation with IT.
Survey results indicate that many core supplier management functions, including riskmanagement, relationship management, performance management, innovation management, and CSR/Sustainability management, are still supported by generic applications such as Excel, SharePoint, and Teams or by no system at all.
Do you feel supply chain riskmanagement is too complicated to implement? There are so many sophisticated methods to analyze supply chain risks. Case Studies. Supply Chain Disruptions: A Survival Guide. Gather around! Common robust strategies are supplier collaboration and part standardization.
COBIT Control Objectives for Information and Related Technology is an internationally recognized ITG framework that helps organizations align their IT strategy with their business goals, in addition to riskmanagement and regulatory compliance. This approach allows users to make objective, qualitative measurements of risk.
Last week on episode three of our WiseTech Global mini-series, we tackled one of supply chains most difficult, yet most important, topics – risk. One of the many lessons that the pandemic taught us was the importance of ensuring that robust riskmanagement is incorporated into our supply chain strategies.
This framework takes a high-level approach to IT governance based on the following four levels: Business Application Data Technology PRINCE2 PRojects IN Controlled Environments (PRINCE2) is a structured project management model the United Kingdom government developed specifically for information systems. government and private interests.
About SPLC: Founded in 2013, the Sustainable Purchasing Leadership Council convenes buyers, suppliers, and public interest advocates to develop programs that simplify and standardize sustainable purchasing efforts by large organizations. US Council on Environmental Quality. US Department of Defense (DOD). Walt Disney Company.
Curtis Fitch holds ISO 27001:2013 certification for Information Security Management, as certified by the globally recognised BSI. Cotiss also provides contract and riskmanagement features, such as master templates, simplified awarding, and customisable risk settings.
In 2013, IBM embarked on the journey of explainability and transparency in AI and machine learning. IBM is at the forefront of advancing trustworthy AI IBM has been at the forefront of advancing trustworthy AI principles and a thought leader in the governance of AI systems since their nascence.
As a side note, in a follow-up 2013 and 2023 Procurement Insights post , I talked about companies like Market Dojo, Nipendo, Scout RFP, Tealbook, and several others. FlockScore FlockScore appears to focus on supplier evaluation and riskmanagement, though specific details about its offerings are less widely documented.
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