article thumbnail

Risk management solution providers and what their customers really want – Exiger

Spend Matters

To round off that perspective, we’d like to engage the thoughts of the solution providers themselves, particularly in terms of how they believe their customers perceive risk and what they want from today’s solutions. Visit our In-Depth Guide to Risk Management for an explanation of this complex environment.

article thumbnail

ESG goals are a risk management necessity — An interview with Peter Smith

Spend Matters

The coronavirus pandemic and recent weather catastrophes have made the case for most types of risk management and what one can do to mitigate the risk more obvious. In ESG-related issues, and in the case of forced labor in particular, the discussion around the risks these pose is more nebulous.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Explore Emerging Tech: Understand blockchain’s role in tracking and IoT for inventory management. Audit Supply Chains: Identify and address environmental and social risks in the supply chain.

article thumbnail

Spend Matters Future 5 2024 – Introducing Halo Ai

Spend Matters

This realization planted the seed for a solution that would later become Halo Ai — a system designed to create comprehensive risk profiles for third parties, enabling organizations to operationalize their risk management strategies more effectively. What is the road ahead for Halo Ai?

article thumbnail

Best Practices & Strategies for Supplier Risk Management

TYA Suite

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations.

article thumbnail

It’s Time to Rethink Supply Chain Risk Management

ivalua

To properly assess risk, reduce carbon emissions and avoid ethics violations, leaders must map and assess the multi-tier supply chain. Supplier risk management too often focuses on evaluating the risk level of each supplier and selecting lower risk ones when possible. Fortunately, we have what we need today.

article thumbnail

What does the German Supply Chain Act Mean for Procurement?

ivalua

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. The new set of regulations add an additional layer of compliance and risk management to the procurement process.