A CPO's complete reference guide to sustainable performance improvement through strategic sourcing and procurement management.
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The goal of every P2P (Procure-to-Pay) initiative is to achieve compliance: compliant purchases from approved vendors at contracted prices, following a compliant buy/pay approval process....
Original Source: CNN Money by Matt Egan
"Wells Fargo used to be able to brag of a superior reputation, rich in history, and mostly clean of the mud from the Great Recession.
But over...
Original Source: Simplicable by John Spacey
"Information technology risk is the potential for technology shortfalls to result in losses. This includes the potential for project failures,...
Original Source: McKinsey
"Technological risks are becoming more prominent—and more dangerous. Six principles can guide banks as they manage them.
Technology is synonymous with the...
Original Source: Tripwire
"Cybersecurity has become a board level discussion, and worries about cybersecurity breaches are part of what keeps C-suite execs and BOD members up at night. So...
Original Source: BAI
"Exceptions are part of every operation in all businesses, but they are a source of particular concern for financial institutions (FIs). Regulatory examinations...
Original Source: Corporate Compliance Insights
"Boards of Directors are now increasingly expected to oversee management’s risk appetite and tolerance and take steps to ensure that it is...
With the advent of Big Data and sophisticated tools, it is now possible for procurement professionals to study granular data, including dashboards that are customized for individual users. However...