Listen to TYS & Moody’s Analytics discuss risk & compliance management on the Sourcing Industry Landscape podcast: https://youtu.be/LnkmRSeo6Gw
Listen to TYS & Moody’s Analytics discuss risk & compliance management on the Sourcing Industry Landscape podcast: https://youtu.be/LnkmRSeo6Gw

SIG Podcast Episode with Moody’s Analytics & Trust Your Supplier

The latest episode of the Sourcing Industry Landscape podcast focuses on how procurement and compliance teams of enterprise organizations are coping with geo-political, regulatory, and industry risks. 

Host Dawn Tiura, SIG President & CEO discusses the Trust Your Supplier and Moody’s Analytics partnerships for illuminating supplier risk with Gary Storr, Trust Your Supplier’s GM, and Enrico Aresu, Moody’s Analytics Director of Compliance & Financial Crime Industry Practice Lead for DACH and BeNeLux. 

Gary describes the evolution of TYS, and why we’ve evolved from an onboarding platform to a full ecosystem of risk & compliance data & tools. Partnering with risk Intelligence data providers, such as Moody’s Analytics, allows TYS users to stay on top of a wide array of compliance regulations, such as the new Human Rights legislation (SCDDA) from Germany.  

Listen or watch at: 

SIG:  https://sig.org/preventing-risk-and-compliance-struggles-keeping-your-buyers-night-enrico-aresu-moody%E2%80%99s-analytics  

iTunes: https://podcasts.apple.com/us/podcast/preventing-risk-and-compliance-struggles-from-keeping/id1352492997?i=1000585400855 

YouTube: https://youtu.be/LnkmRSeo6Gw 

Welcome Nick Picone

We are excited to welcome Nick Picone to the Trust Your Supplier team! Nick joins us as the Vice President of Advisory Practice and is responsible for worldwide sales execution and advisory practice strategy.  

Bringing more than a decade of experience in the business software industry. For the last six years, Nick has served as an independent management consultant and spend management strategy advisor to Fortune 500 companies, hedge funds, private equity, and institutional investors. Before that, he was the Director of Strategic Sales at Coupa Software as the company scaled to an IPO. View his full bio here.   

“My main priority is ensuring the success of our customers as we rapidly expand TYS’s footprint across the globe. Our supplier management platform defines disruptive innovation and will play a critical role in securing the future of the global supply chain. I look forward to working alongside our leadership team as we take TYS’s success to the next level.” 

Nick earned a bachelor’s degree in business administration with an emphasis in Finance and Entrepreneurship from Baldwin-Wallace University.  

We are delighted that Nick has joined our executive team to ensure the success of our customers, increase network adoption and establish new partnerships. 

Germany Supply Chain Due Diligence Act: A Guide for Suppliers 

Lieferkettensorgfaltspflichtengesetz (Lieferkettengesetz or LkSG) comes into effect in Germany from 2023. Known in English as the German Supply Chain Due Diligence Act (SCDDA), the law mandates companies with offices in Germany to conduct due diligence on their supply chains to protect human rights and the environment.   

For our Trust Your Supplier buyer organizations, we’ve created a quick guide to help your suppliers understand and respond to customer requests in such a way as to make sure that their organization benefits from the process, too. 

This guide can be downloaded here to share with your suppliers. 

Team Member Spotlight: DevOps Team

“DevOps is not a goal, but a never-ending process of continual improvement.” ~Jez Humble 

As a SaaS company, we are continually rolling out new features to improve the experience and outcomes for our customers. Each time enhancements are made to the code of our blockchain platform, our goal is to make updates without sacrificing reliability or disrupting the customer experience. 

A smooth transition is accomplished with the help of our DevOps team – Sandeep Matharu and Joel Vemula. Together with the collaboration of our developers and IT operations teams, they have automated the deployment of new code, which is also scanned for security vulnerabilities. They are responsible for critical components of the infrastructure and are instrumental in combining code and managing & maintaining the TYS application and its components in development and production environments. 

Communication and knowledge sharing are fundamental to the successful deployment of the new code. As a team, they architect together and then divide & conquer daily operations or work on bugs in the code..  

Sandeep brings a passion for self-learning as he is presented with new challenges. In particular, he has enjoyed learning about blockchain technology since joining the TYS team. 

Joel enjoys the teamwork it takes to successfully troubleshoot bugs and errors, and gains satisfaction from using automation to make everyone’s job a little easier. 

Together they both agreed that their most significant learning opportunity so far has been deploying the TYS application to the China region. Their research taught them a lot about deploying the TYS application and its components, in a highly regulated AWS China region.    

Sandeep Matharu and Joel Vemula are a valued part of the Trust Your Supplier team. Their expertise and diligence give customers a flawless upgrade to new TYS tools and features. 

SIG Global Executive Summit 2022

And that’s a wrap! #SIGfall22 was busy, exciting, and very well-orchestrated. 
 
Our Trust Your Supplier leadership, Sai Nidamarty, and Gary Storr had a great time sponsoring lunch (look at that dessert!) and bestowing the gift of the force (Star Wars Legos) to one lucky winner. They also had wonderful conversations about how Trust Your Supplier brings trust, data, and tools that help Procurement and Supply Chain organizations achieve successful and strategic supplier management.
 
Thank you to the entire Sourcing Industry Group (SIG) team for all your hard work in making this event a success.

supplier.io 2022 Supplier Diversity Report

For the fifth year, supplier.io launched a survey aimed to define the supplier diversity industry for the supplier diversity professionals managing and growing their companies’ programs. 

“The State of Supplier Diversity Report revealed big changes in the primary drivers of supplier diversity. More and more companies see programs as a core component of their company culture, and executive and board support is at an all-time high. However, signs of disconnects appear between executive leadership support and solvable challenges that seem to remain for supplier diversity practitioners, notably in implementing scalable processes.

Download the 2022 report to learn more.  

Supplier.io is now available on the Trust Your Supplier network. Learn more: https://trustyoursupplier.com/portfolio/supplier-io/ 

UN World Food Day 2022

This Sunday is the UN’s #WorldFoodDay, a day set aside to raise awareness about the need to create more sustainable, resilient, and inclusive agrifood systems. 

As a supplier management network that specializes in helping organizations connect with trusted suppliers, we know first-hand how disruptions such as climate events, Covid-19, and conflicts such as the war in Ukraine have affected the supply chain. For those already on the edge of malnutrition, these events have made food security even more out of reach. 

The UN has put together incredible resources with stories of #FoodHeroes and how businesses can help play a part in making sure everyone has regular access to enough nutritious food. 

Join an event or browse their recommendations to help make a difference! 

https://www.fao.org/world-food-day/en

TYS Patent for Blockchain SIM

We thought during the GITEX Global and Future Blockchain Summit would be the perfect time to announce that Trust Your Supplier has secured approval from the U.S. Patent Office for all rights to a blockchain-based supplier information management solution! 

Solving the issue of distrust between business participants, blockchain provides data security, clear provenance and an immutable record of all the events that have taken place between parties.  

We chose to build Trust Your Supplier on blockchain to provide procurement organizations, compliance teams and auditors with a trusted supplier record unmatched by any other technology. 

Download this info sheet to learn more about Blockchain Features.

Learn more about Blockchain and Trust Your Supplier here.

#blockchain

Supplier Lifecycle Management with SIG and Trust Your Supplier

Tune in to Trust Your Supplier’s General Manager, Gary Storr, along with Dawn Tiura, SIG President & CEO for their discussion on the important phases of supplier lifecycle management to industries in the climate that we live in today. 

The live session occured on September 22nd and be viewed on demand at this link: https://www.linkedin.com/video/event/urn:li:ugcPost:6976303090320691201/