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The Singapore Outsourcing Register: Obstacles and Suggestions to Meet this Regulatory Requirement from a Risk Management Perspective

SIG Speaks

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate William Chanto Castro shares the tricks to overcoming the obstacles to meeting risk regulations and requirements. 9). The information required by the Regulator may come from different sources depending on the company.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

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The risk management process for startups that you mustn’t skip

TMS

One of the most important tasks that a project manager must handle is assessing risks. There are pre-set risk management processes that most managers apply in order to run the projects smoothly, without encountering any problems. The basic risk management process contains five core steps.

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Building a Resilient Supplier Cyber Risk Management Strategy

Everest Group

Sharing sensitive data with outsourcing providers in today’s interconnected digital world has increased organizations’ vulnerability to cyberattacks, making it more important than ever to have an effective supplier cyber risk management strategy. Not having a formal supplier cyber risk management strategy can cause compliance issues.

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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. Consider the General Data Protection Regulation (GDPR) or blockchain technologies. Consistency.

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What Is Data Discovery And How To Implement It?

31 West

It’s right there at our fingertips, but with so much information, we’d drown in data unless we use a smart way to detect the important information, analyze and use it. If you feel like there’s too much information right now, only imagine what will happen in a few years. The total volume of data was calculated at 64.2

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AI-Powered Statutory Compliance Solution Revolutionizing the Relationship Between Government and Business

Paysquare

AI-driven analytics provide real-time visibility into compliance status, which enables proactive risk management and continuous improvement efforts. iii) Regulatory Monitoring: AI facilitates proactive regulatory compliance management by continuously monitoring regulatory changes, industry trends, and compliance risks.