article thumbnail

3 Ways Sourcing Professionals Can Proactively Address Risk

Sarah Holliman

With so many avenues for entry, managing risk has become everyone’s job , and the sourcing organization is front and center as their direct relationship with third parties increasingly puts them in the driver’s seat. Data breaches provide a good example. And many make headline news. Consistency.

Sourcing 100
article thumbnail

5 Biggest Cyber-Attacks & How Much Did It Cost Companies?

31 West

Verizon dug into Yahoo’s records during due diligence for the acquisition in 2014 and discovered the data breach. As per the record, hackers hit Yahoo twice, first in 2013 and second in late 2014. Companies can choose either paid or open source software tools. Yahoo - The most records stolen. Yahoo - The repeat offender.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Improve Profitability by Managing Third-Party Spend

Obobo

It is estimated that 70% of a company’s revenue is spent with third parties, and that effective management of third party spend can result in savings of between 7 and 12%, improving the bottom line (Strategic cost reduction through procurement – PwC, 2014). As an example: Company A has annual turnover of £2.1

article thumbnail

How To Manage Third-Party Supplier Spend And Increase Profitability

Obobo

The average company spends 70% of its revenue on third-party suppliers and effective management of third-party spend can on average release savings of 7-14% and have a direct impact on the bottom line ( Strategic cost reduction through Procurement – PwC, 2014 ). As an example: A company’s annual turnover is £2.1

article thumbnail

New Survey Shows the Next Generation Embraces Remote Work for Transition from University to Career in UK

Velocity Global

Rep Data sourced multiple suppliers to ensure a representative sample, each supplier possessing its own unique recruitment model and incentive structure, which increased sample source diversity and quality. Founded in 2014, the company has hundreds of employees across six continents. ###. About Velocity Global. 1 (720) 650-4348.

Jobbing 78
article thumbnail

IAOP Names SEBPO to The Global Outsourcing 100® List for the Ninth Year in a Row

SEBPO

and as a Top Global Outsourcing Company (GO100) by the International Association of Outsourcing Professionals (IAOP) each year since 2014. About IAOP IAOP is THE sourcing community, with collaboration at its core, that drives exceptional business and societal outcomes.

article thumbnail

Understanding The Importance Of Outsourcing

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Kaila Flynn shares how this course has challenged her thinking and understanding of sourcing in order to develop a better understanding of the sourcing and procurement world. I challenged my thinking about the process of sourcing as a whole.