Skip to main content

Book Review: Legal Blacksmith: How to Avoid and Defend Supply Chain Disputes

“Supply chain legal disputes don’t start out as legal disputes. They typically start out as badly written contracts, poor communication with supply chain partners, and an inability to resolve conflict...

Continue reading
  6698 Hits

Book Review: Fundamentals of Risk Management (5th Ed.)

“When considering any contribution that risk management can make to the organization, it is important to decide whether the contribution will relate to strategy, projects and/or operations. The decisi...

Continue reading
  5939 Hits

Book Review: Third Party Risk Management

“Efficient, effective, risk-centric, and risk-adjusted third party lifecycle and risk management is a new and distinct way of doing business. How your company approaches any major change like this one...

Continue reading
  7382 Hits

November 15-19: Dial P - Preparing for the Future and Smarter Spend Management

In addition to the webinars listed below, we have a Dial P for Procurement livestream this week! Join me and Scott Luton on Tuesday, November 16th at 12n ET as we welcome Bill DeMartino and Constantin...

Continue reading
  2966 Hits

March 29 – April 2: eAuctions, Supplier Experience, Mitigating Risk with AI

In addition to the events recommended below, this week also marks the release of the March ISM-New York Report on Business. We’ll be looking to see what kind of note the New York Metro area ends Q1 on...

Continue reading
  3672 Hits

The True Cost of Noncompliance

Have you ever wondered why your savings projections supersede the realized savings? Have you ever been challenged by your finance department to validate the projected cost savings one year into an agr...

Continue reading
  7046 Hits

Predictive Analytics in Procurement: The Logic Behind The Hype

 Wouldn’t it be nice to know the future for certain? There are few fail-proof ways to see shifts in the business landscape before they occur, but there are ways to ensure your goals stay on the c...

Continue reading
  8705 Hits

Why it is Not Worth Preventing Every Disruption in Your Supply Chain

 Supply chains are similar to humans—imperfect. Their successes within business plans are a product of accurately forecasting how to survive crises and minimize damage in high-risk scenarios. Bal...

Continue reading
  7487 Hits

Making the Case for a More Diverse Supply Chain

Supplier diversity is a concept with multiple definitions.  Most commonly, a supplier diversity program focuses on the utilization of women owned, minority owned, and else certified diverse busin...

Continue reading
  6320 Hits

What would you do? Risk management: weather-related supply chain disruptions

In August 2017, Hurricane Harvey struck a significant blow to the Houston, Texas metro area, home to the sixth largest import terminal in the world as well as all of the shipping lanes in the Gulf Coa...

Continue reading
  6416 Hits

Feb 8-12: Emphasizing Opportunity, Agility, and Risk Preparedness

Save the Date: As you think about how to block your time for this week and next, let me put in a plug for Dial P for Procurement, my new livestream hosted by the team at Supply Chain Now. We launched ...

Continue reading
  3765 Hits

Data & Socially Responsible Procurement

CSR is No Longer an Option . . . In an evolving landscape of regulations, social values, and consumer preferences, the Triple Bottom Line has become an essential framework of business design. The conc...

Continue reading
  8832 Hits

Recommended Procurement Webinars Sept 28 – Oct 2: Driving Risk Culture and Building Resilience to Catastrophe

As another month comes to an end, we can expect the schedule of events to pick up. There are 8 webinars and 1 virtual event taking place this week, including our next AOP Live session on Tuesday, feat...

Continue reading
  3050 Hits

Recommended Procurement Webinars Oct 5-9: Sourcing Maturity, Risk, and More Risk

There are two very exciting ‘live’ events taking place this week – both of which I am proud to be involved in,,,  NESCON is taking place Oct 5-7 and features a very special keynote speaker: Gener...

Continue reading
  3294 Hits

Recommended Procurement Webinars Oct 19-23: Third Party Risk, Lasting Supplier Diversity, Resilience v. Immunity

This is the time of year when it becomes all too easy to count down the days and weeks left on the calendar. By my count, we have about 8 solid weeks remaining – when you allow for Thanksgiving and th...

Continue reading
  2768 Hits

Recommended Procurement Webinars Oct 26-30: 25 Years of Innovation, Advocating for Equity, Analytics for Risk Management

The events schedule seems to be picking back up this week, with 9 events taking place. I’ve also started filling up the November page, which promises to be busy since there is effectively one less wee...

Continue reading
  3169 Hits

Webinar Notes: Improving Supplier Risk Management in the Age of Big Data

“Risk management is not a purchasing initiative. It’s an initiative and philosophy that has to be embraced by the entire organization.”

-- Rose Kelly-Falls Senior VP Supply Chain Risk, Rapid Ratings and event panelist

This week’s webinar notes are from a February 13th webinar hosted by IASTA and featuring a panel of speakers. An on demand version of the event is available on their website.

Continue reading
  4947 Hits

Webinar Notes: Risk Management as a Team Sport: Who Are the Players and What's Your Game Plan?

This week’s webinar notes are from a July 31st event hosted by ISM and presented by LexisNexis. The event is available on demand on ISM’s site. If you are interested in more on the topic, LexisNexis has made available a white paper and accompanying infographic titled “Leveraging Market Intelligence to Better Manage Supply Chain Risk.

The presenter, Eric Walsworth, LexisNexis’ Director of Supply Management, illustrated each of his points about risk management by drawing comparisons to the 2014 World Cup in Brazil. I won’t embarrass myself by trying to recreate any of that – if you’re interested in the soccer angle you’ll have to watch the webinar on demand.

Walsworth took a need – risk management - that is overwhelming for many procurement teams and broke it down into very clear phases and efforts. Although each of these elements is important to a supply risk management effort, they must all work together in order to be effective. Additionally, although the following seem to be a linear process, they must all be executed in parallel.

Continue reading
  5689 Hits

Webinar Notes: Collaborative Contract Management: Procurement’s Role in Enhancing Compliance and Mitigating Risk

This week’s webinar notes are from a February 18th event presented by Selectica and featuring Ardent Partners‘ Andrew Bartolini. The event is available on demand on Selectica’s site.

Continue reading
  6294 Hits

Webinar Notes: Mitigating Risks and Impact of Sanctions Regimes on Your Supply Chain

This week’s webinar notes are from an April 9th webinar hosted by ISM and presented by Mark Dunn, Lexis Nexis’ Due Diligence Segment Leader for Risk and Compliance. ISM’s previous web seminars are listed on the lower portion of this page on their website.

 

This event, titled “Mitigating Risks and Impact of Sanctions Regimes on Your Supply Chain,” specifically addressed risks that are outside of the norm for most supply chain and procurement professionals: money laundering, bribery, corruption, and diplomatic or economic sanctions. The sanctions, which might be in place as the result of violating international law or human rights violations, can be established against countries, organizations, companies, individuals – even specific vessels. The measures against these entities may be restrictive or coercive in nature.

Continue reading
  6376 Hits