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3 Ways Sourcing Professionals Can Proactively Address Risk

Sarah Holliman

Consider Hurricane Florence or the Northern California “Camp Fire”— the damage from these devastating events will be long lasting to the communities they impacted and the businesses that supported them. Put in context, this translates to roughly five events per day with approximately 25 percent of them requiring an impact notification.

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The synergy between UEM and medical device risk management

IBM Services

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

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The risk management process for startups that you mustn’t skip

TMS

One of the most important tasks that a project manager must handle is assessing risks. There are pre-set risk management processes that most managers apply in order to run the projects smoothly, without encountering any problems. The basic risk management process contains five core steps.

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How Best-in-Class Procurement Teams Conduct Sourcing During a Crisis

Future of Sourcing

Conducting Sourcing During a Crisis Following strategies are adopted by best-in-class procurement teams that help them navigate through the uncertainties faced during a calamity: 1. Investing in Collaborative Sourcing Every procurement expert stresses the importance of collaboration.

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Local energy: a source of opportunity and resilience in the US energy transition

Capgemini

Local energy: a source of opportunity and resilience in the US energy transition Claire Gotham Jul 4, 2024 Facebook Linkedin As we begin to move away from fossil fuels, the electrification of the US economy will be essential. A key use case for them will be in the event of extreme weather.

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How generative AI will revolutionize supply chain 

IBM Services

Here are some ways generative AI is transforming supply chain management: Sustainability Generative AI helps to optimize companies’ supply chains for sustainability by identifying opportunities to reduce carbon emissions, minimize waste and promote ethical sourcing practices through scenario analysis and optimization algorithms.