Risk Management Content

Deloitte and Coupa discuss how CPOs are leading the way on agility


Recently two leading organizations from a) a procurement transformation and b) a procurement technology perspective got together to talk through what they’re seeing with their customers regarding how digital is fundamental to making their business operations resilient, and how “agility” is core to making this happen.

Deloitte Consulting and Coupa Software talked with Spend Matters about the key results of the 2021 Deloitte Global Chief Procurement Officer Survey and gave their “from the trenches” insights on how digital is delivering agility to reduce complexity. That complexity comes from broken supply chains, volatile supply markets, constrained spending and impatient demands from stakeholders – and even suppliers.

“Procurement is sitting right on the edge as we dig deeper into our supply chains, giving it a birds-eye view of the whole hemisphere in which we live and participate,” said Spend Matters chief research officer Pierre Mitchell. "This is why procurement people are intrinsically linked to the success of business continuity and resilience going forward. Never before have we heard the word ‘supply chain’ mentioned in so many ways and by so many media, and that’s because of the real risk that’s sitting out there right now that organizations are having to deal with risks the likes of geo political, cyber security, commodity pricing fluctuations, and more.” He invited the guests to speak to that subject and give their observations on the market — some key takeaways are included here ...

Supply chain workplace safety improvements — results by region


Supply chain risk contractor management firm, Avetta, has examined 10 years’ worth of hundreds of thousands of safety data points from within its supply chain risk management platform of 87000 suppliers, and has produced a global report on safety incidents. It finds, using its own data as a benchmark, that overall firms using cloud-based supply chain risk technologies can reduce the number of safety incidents and lost work days by as much as 55% compared to industry averages. Some have seen a 7% to 12% reduction in workplace safety incidents year-on-year for up to 10 years. What’s interesting about the analysis is that it reports results by region, and has made available graphs showing safety improvements for each

Critical procurement tech that will help you through Covid-19 – ProcureCon Indirect

procurement technology

On September 3rd this year, Worldwide Business Research (WBR) will host its online ProcureCon Indirect event for procurement practitioners from all over the world. WBR […]

Ask the Expert: Should You Be Worried About Ebola and Your Supply Chain? [Plus+]

Should you be worried about Ebola? What can you do about this issue, and similar illnesses that might disrupt your supply chain and/or put your employees and suppliers at risk? On this week's Ask the Expert webinar, on Thursday 8/14 from 10-10:30am Central, Spend Matters VP of Research Thomas Kase will provide an overview of the issue and possible ways to improve your understanding of the level of exposure – as well as ways to better alert employees and third parties when needed. We’re also pleased to have a special guest joining Thomas: Heiko Schwarz, Managing Director of riskmethods. riskmethods is a German firm focused on global supply basic risk visibility and mitigation. Spend Matters Plus and PRO members, click on through to register for this special event!

Apple's Procurement Strategy

Recently, news surfaced that Apple is planning to award more business to a relatively unknown company called Pegatron. Though the jury is still out on the success of such a move, it nevertheless provides some pointers on the procurement’s alignment with overall organizational goals. GEP takes a look at the potential benefits of Apple's decision, from risk diversification to margins sustenance.

Planning a Long-Term Response to the Bangladesh Factory Fire [Plus+]

Firms need to move away, even if only slightly, from their unrelenting focus on driving down costs. Addressing these issues also requires buyers to have a better understanding of their supply chains and suppliers. The first step towards doing anything positive for the workers is to have customers know and understand who is doing what for them in their supply chains. Without that knowledge, nothing can be achieved. But in many cases, the web of contractors, sub-contractors and sub-sub-contractors is complex and opaque. It’s no wonder many buyers give up and just hope for the best in terms of their supply chain risk strategies.

RollStream (GXS): Supplier Management Prospect, Customer and Competitive Recommendations and Analysis [Plus+]

Spend Matters recently gave an updated company and product analysis of RollStream, a supplier information management (SIM) provider that was recently acquired by the EDI, trading network and peripheral direct materials business applications vendor GXS. We have long been impressed with RollStream’s user interface, which has taken a social networking-driven approach to presenting both buyers and suppliers with information in the context of supplier onboarding, initiative management (e.g., CSR, diversity, risk) and broader lifecycle management (e.g., continuous updating and maintenance of pertinent information including but not limited to AP-centric data).