Business Benefits from Sustainability Practices (Beyond Compliance)

Long-term business benefits from sustainability practices go beyond checking a box for compliance. Our Trust Your Supplier compliance partner, EcoVadis, offers a fascinating read into the “Compliance Trap” and lays out the many benefits of working with your suppliers for true sustainability improvements. 

https://resources.ecovadis.com/buyers/creating-sustainable-value-avoid-compliance-trap 

#Compliance #Sustainability #Sustainablesupplychains 

New Podcast Episode – Artificial Intelligence

On Trust Your Supplier’s podcast, Procurement Block, we get to hear from the people who are at the forefront of procurement innovation.  

When I think of AI, what comes to mind is the character Jarvis/Vision in the Marvel Universe. While Vision is a sentient being, this is not the only manifestation of artificial intelligence. Edoardo Vignani joins me on the latest episode of the Procurement Block podcast to school me in how AI is being used in procurement today and where it’s headed.

Edoardo is the Marketing Category Vice President for Globality, a company that provides AI-powered Smart Sourcing technology. The episode is out now, so head over to ProcurementBlock.com to listen to our conversation and to view the show notes.

How leaders are solving 3 key sourcing and procurement priorities in 2021

As CPOs are determining their upcoming priorities, identifying the biggest focuses for their teams and initiatives will be critical in creating sourcing and procurement success. Here are those key focuses, and how leaders are ensuring they are optimizing them. 

https://www.supplychaindive.com/spons/how-leaders-are-solving-3-key-sourcing-and-procurement-priorities-in-2021/604893/ 

#Blockchain #Innovation #Supplychain 

Good Advice From Joyce Harkness

In the United States, we will be celebrating Thanksgiving this week. Our time is spent sharing food and other traditions with family and friends.  As I’ve been making preparations, I remembered some family-themed advice given to me by Joyce Harkness. 

Joyce joined me on an episode of the Procurement Block podcast and as a single, working mother offered up this tip for managing work and family:  “We have a shared online family calendar. At the beginning of each school year, we would put the usual school and family events in the calendar. And then it helps us then have conversations about who’s attending what.”

Joyce was such a pleasure to have on the show. If you haven’t had a chance to listen to her episode on Supplier Information Management, you can check it on below.

Happy Thanksgiving!

https://trustyoursupplier.com/procurement-block/podcast-s1e4/ 

Preparing for the EU Due Diligence Legislation

Trust Your Supplier business partners provide key data and thought leadership to help our procurement members mitigate risk and stay compliant. EcoVadis, an environmental, social & corporate responsibility partner, offers suggestions of how your company can prepare for the EU mandatory due diligence legislation. 

https://resources.ecovadis.com/blog/mandatory-due-diligence-legislation-eu-developments-member-state-laws-and-how-your-company-can-prepare  

Learn more about EcoVadis’ partnership with Trust Your Supplier at https://trustyoursupplier.com/portfolio/ecovadis/  

#EUlegislation #compliance #ESG  

Identity Verification

New Podcast Episode – Identity Verification

On Trust Your Supplier’s podcast, Procurement Block, we get to hear from the people who are at the forefront of procurement innovation.  

On this latest episode, I am being schooled by Charles Gaddy. Charles is the Co-Founder and Chief Strategy Officer at Global Data Consortium. With 25+ years of experience in Information Technology, Product Management and Sales Support, Charles’ focus at GDC is to expand the global coverage of the platform to meet the needs of customers as they expand into new international markets. 

Charles brings his experience in the field of identity verification and his worldliness of chocolate to our conversation on digital identity. Learn the basics of digital identity – why it’s important, how it’s verified and how to protect your individual and company’s digital identity now and in the future. 

Listen to our conversation and get more information from the show notes at ProcurementBlock.com.

Good Advice: Supplier Financial Health

Sometimes we have a tendency to put off important, regular tasks as a way of avoiding the possibility of negative information.  Not scheduling a medical check-up  or delaying a review of your bank statement and bills doesn’t change what’s there. It merely limits the time you have to take any needed actions.

A few weeks ago, Eric Evans and I had a conversation about supplier financial health. He gave me and our podcast listeners some really good advice to look “at getting your digital house in order, data hygiene, and then really hooking this into your workflow and process to make it much more automated so you don’t have to think about it.”

Get the boost you need to tackle his suggestions for visibility & monitoring of the financial health of your suppliers – listen here:

https://trustyoursupplier.com/procurement-block/podcast-s1e3/ 

A Fresh View of Data from Global Data Consortium

Trust Your Supplier business partners enrich our procurement members consolidated view of their suppliers for a broader inspection of potential risk.  Global Data Consortium (GDC), a digital identity verification partner, offers a fresh view of data in their blog, “Data Isn’t the New Oil. It’s the New Water & You Want Pellegrino or Evian Instead of Tap.” 

https://www.globaldataconsortium.com/data-isnt-the-new-oil-its-the-new-water/  

#digitalidentity #datasecurity 

4 Key Areas for Consideration Regarding the EU Green Deal

Wherever possible we are looking at policies and working with our #compliance partners to make sure our questionnaires are up to date with the fast-moving, regulatory compliance within each region. 

Our environmental, social & corporate responsibility compliance partner, EcoVadis, has established 4 key areas for consideration regarding the EUGreen Deal. Get the whitepaper to learn more. 

https://resources.ecovadis.com/whitepapers/eu-policy-recommendations-for-sustainable-supply-chains 

Learn more about EcoVadis’ partnership with Trust Your Supplier at https://trustyoursupplier.com/portfolio/ecovadis/  

#SustainableSupplyChains #ESGstrategy

New Podcast Episode – Supplier Diversity

On Trust Your Supplier’s podcast, Procurement Block, we get to hear from the people who are at the forefront of procurement innovation.  

On this latest episode, I am being schooled by Michael Robinson.  Michael K. Robinson is the Program Director of Global Supplier Diversity for IBM’s Integrated Supply Chain. He is responsible for leading IBM’s supplier diversity initiatives worldwide. In this role, Michael, and his team, focus on the utilization, development and mentoring of diverse suppliers who can provide value-add to IBM’s Supply Chain. 

Under Michael’s leadership, IBM has been recognized for numerous awards including Corporation of the Year by the NMSDC (3x), one of the Top Corporations by WBENC (13x), and one of DiversityBusiness.com’s Top Corporations to name a few.   IBM has spent in excess of $2Billion, 1st Tier, annually worldwide with diverse enterprises since 2006 and in excess of $1B, 1st Tier, annually with diverse enterprises in the U.S. since 2000. 

Michael brings his wealth of knowledge and experience to our conversation on supplier diversity. He explains how to jazz up your supplier diversity program by understanding the benefits, how to identify and attract diverse suppliers, and what to take into consideration when implementing or expanding a program. 

Listen to our conversation and get more information from the show notes at ProcurementBlock.com.