Everest Group’s Enterprise Blockchain Services PEAK Matrix Assessment 2022

Congratulations to our team at Chainyard for climbing the Everest Group’s Enterprise Blockchain Services PEAK Matrix Assessment 2022 ! Among many other projects, Chainyard is the owner and operator of Trust Your Supplier, our blockchain-based supplier information management solution.

Check out the announcement here.

#blockchain #blockchainservices #digitaltransformation #chainyard

9 Ways to Know Procurement Has Outgrown Excel 

Microsoft Excel is a great product that has been the mainstay of business data and calculations tools for decades. It’s easily available, considerably stable, and most computer-savvy users can learn it. However, it does have limitations, and as your business grows, you’ll notice some disadvantages when relying solely on Excel. So how can you tell if your procurement department has outgrown Excel and needs a different technology? 

Read more about this topic on the Buyers Meeting Point blog at 

https://www.buyersmeetingpoint.com/digital-transformation/entry/9-ways-to-know-procurement-has-outgrown-excel 

#digitalprocurement #supplierrelationshipmanagement #digitaltransformation #BuyersMeetingPoint

Good Advice From Canda Rozier

One of my favorite parts of each episode of the Procurement Block podcast, is the advice I get from guests. I ask each guest to offer up some advice or a tip that we as listeners can try at work or at home.

During my conversation with Canda Rozier on change management, Canda offered up these words of wisdom:  “Don’t be afraid to fail. Failure is inevitable and you have to figure out how to take that failure and turn it into a foundation for future success.”

I really appreciate this encouragement from Canda as I continue to try new things both professionally and personally. What about you? Do you find yourself being afraid to fail or have you found a way to turn past failures into success?

Hear more from Canda Rozier and our discussion on change management here: https://trustyoursupplier.com/procurement-block/s1e6/ 

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 

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  

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