Spend Matters Afternoon Coffee

Um, excuse me?

Oil Spill Not A BP Risk Management Issue -- "The Deepwater Horizon Drilling Platform explosion and subsequent oil spill in the Gulf of Mexico was not a risk management issue, an insurance executive said."

Since when are black swan events -- specifically black swan supplier events -- not a risk management issue?? We beg to differ with this analysis, given that suppliers built and operated the rig in question.

But BP DID have a risk contingency plan...

BP spill response plans severely flawed -- "Glaring errors and omissions in BP's oil spill response plans have exposed a slapdash effort to follow environmental rules, outraging Gulf Coast residents who can see on their beaches how unprepared the company was.

BP PLC's 582-page regional spill plan for the Gulf, and its 52-page, site-specific plan for the Deepwater Horizon rig vastly understate the dangers posed by an uncontrolled leak and vastly overstate the company's preparedness to deal with one, according to an Associated Press analysis. The lengthy plans were approved by the federal government last year before BP drilled its ill-fated well."

A reactive plan, not a proactive one, apparently.

Ketera and Thomas Link Up

Thomas Industrial Network Suppliers Coming Aboard the Ketara Network to Enable Online Transactions -- "Ketera, provider of the online Ketera Network business community, and the Thomas Industrial Network, the leader in industrial content marketing solutions, announced today that they have partnered to bring the entire ThomasNet.com community into the Ketera Network. This action simultaneously offers new online transactional capabilities and greater online exposure to ThomasNet suppliers while growing the Ketera Network with additional suppliers and more than 5,000,000 new publicly available catalog items."

A smart move -- but is there enough liquidity on the Ketera network to make this deal stick from a supplier standpoint? We'll cover this story in more detail next week.

If these characters came into my house at night (or really, any time), I might cry.

Rosslyn Analytics might want to seriously reconsider their web design. Too bad they couldn't follow Coupa's lead by copying their clever cartoonish "Sam" spokesman...so goes brand differentiation, I suppose. Though I do wonder if the Rosslyn creatures party with these guys.

Sheena Moore

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