Tag Archives: Risk Management

News You Can Use: 9/13/2017

  • Good News for Young Strivers: Networking Is Overrated

    It’s true that networking can help you accomplish great things. But this obscures the opposite truth: Accomplishing great things helps you develop a network.

    Look at big breaks in entertainment. For George Lucas, a turning point was when Francis Ford Coppola hired him as a production assistant and went on to mentor him. Mr. Lucas didn’t schmooze his way into the relationship, though. As a film student he’d won first prize at a national festival and a scholarship to be an apprentice on a Warner Bros. film — he picked one of Mr. Coppola’s.

    Also

    And don’t feel pressure to go to networking events. No one really mixes at mixers. Although we plan to meet new people, we usually end up hanging out with old friends. The best networking happens when people gather for a purpose other than networking, to learn from one another or help one another.

    https://www.nytimes.com/2017/08/24/opinion/sunday/networking-connections-business.html?mcubz=0&_r=0

  • To Get Along With Difficult People, Try This Research-Backed Approach

    When coworkers consider how someone is perceived, or how they perceive themselves, they can highlight certain traits to a group that others may or may not be aware of, potentially finding new ways for co-workers to connect and work together.

    Crucially, says Solomon, considering perceptions can give you a special edge, especially in negotiations, possibly helping you be more persuasive. “The person who has greater insight into an opponent’s identity can, of course, leverage that information in various ways to win.”

    https://www.entrepreneur.com/article/299595

  • The Surprisingly Practical Career Advice From a DJ That You Need to Hear
  • How AI is revolutionizing recruiting and hiring

    “If we’re really trying to find the best candidate, though, then you’re excluding people with those searches. Doing it this way means you’re actually looking only for the best of the easiest candidates to find. And that’s hard to admit, right? But that’s what is happening here,” he says.

    But using AI and machine learning can help unearth candidates missed by traditional screening, sourcing and recruiting methods. Once these “dark matter” candidates are unearthed, recruiters can focus on the human element of the recruiting process and dig deeper; even if a candidate’s résumé doesn’t appear to be relevant, perhaps they have incredible soft skills, leadership experience or other valuable skills your organization needs, Cathey says.

    https://www.cio.com/article/3219857/hiring-and-staffing/how-ai-is-revolutionizing-recruiting-and-hiring.html

  • Hurricane Harvey Demonstrates Progress In Enterprise Risk Management

    Yet even from a logistics point of view, it would appear that Houston’s largest petroleum and chemical companies (America’s largest) had their workarounds well figured, as unaffected ports are now buzzing with re-routed shipments, and with little to no fanfare. Sure, we consumers are bound to experience some fallout (flooded refineries have already impacted gasoline futures), but most shippers and carriers hedge against events like Harvey, so they won’t be the losers.

    Shippers and carriers also successfully safeguard themselves from potential litigation and surcharges resulting from natural disasters. How do they do it? They apply the force majeure protocols of their supply agreements. Simply put, if it’s a contractual claim stemming from missed deadlines, production goals, deliveries, etc., and it’s due to a natural disaster (nowadays, even terrorism), they’ve got it covered.

    https://www.forbes.com/sites/paulmartyn/2017/09/01/hurricane-harvey-exposing-progress-in-enterprise-risk-management/#4aaa2d271949

Photo: Štěpán Vraný

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News You Can Use: 6/7/2017

  • How Amazon hopes to win the cloud by hiring older engineers

    In my own experience, AWS teams have a healthy mix of older and younger employees. Still, AWS leadership isn’t driven by millennials, but rather by graybeards (James Gosling, Adrian Cockcroft, Tim Bray, and Andi Gutmans are just a few people called out by Governor). Management at most companies will tend to skew a bit older, but AWS is notable for how those people are discovered. As Governor noted: “Some other older companies have older distinguished engineers because they grew up with the company. AWS is explicitly bringing that experience in.”

    http://www.techrepublic.com/article/how-amazon-hopes-to-win-the-cloud-by-hiring-older-engineers/

  • Will basic income mean the end of work? Nope.

    In fact, some of this rhetoric could be missing the mark. The evidence from many trials of unconditional cash transfers, including basic income plans, finds little evidence that work (or the desire to work) disappears in conditions of free money. In almost all cases, giving people regular payments hasn’t dampened their thirst for employment. In fact, UBI is a bit like the lottery, says Ioana Marinescu, an assistant professor at the University of Chicago Harris School of Public Policy, author of a recent paper looking at the relationship between cash transfers and behavior. We may imagine that lottery winners all decamp to Florida (or similar) and sit by the pool all day. Actually, most lottery winners keep clocking in (though presumably less despairingly than before).

    https://www.fastcompany.com/40423154/will-a-basic-income-mean-the-end-of-work-dont-get-too-excited

  • AI Can Now Self-Reproduce—Should Humans Be Worried?
  • Aecom and IBM create “scorecard” to help cities prepare for disasters

    The scorecard is structured around the UN’s 10 Essentials of Disaster Resilience, a list that enables city administrations to identify priorities for investment and to track progress over time. The goal is to guide cities towards optimal resilience by providing a set of assessments that cover the policy and planning, engineering, organisational, financial, social and environmental aspects of disaster resilience.

    http://www.globalconstructionreview.com/news/aecom-and-ibm-create-scorec7ard-he7lp-ci7es/

  • I just want to say one word to you: Data

    You need a strategy: Tom Choi, executive director of CAPS Research, said that as procurement managers are tasked with looking downstream for ways to add value to their customers, a digitized ecosystem is crucial for business success. At the same time, the upsurge of Big Data and analytics technology (there are something like 163 platforms that an organization could subscribe to for data) has been rapid and radical, especially the increase in unstructured data from social and media outlets that does not easily fit in a box. Choi’s advice: Create an analytics team; convert your data into a form you can use; and then launch small projects that work or fail quickly. Use those learnings to start again.

    http://www.scmr.com/article/i_just_want_to_say_one_word_to_you_data#When:14:30:00Z

Photo: Tony Lam Hoang

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News You Can Use: 3/1/2017

  • Rough Day at Work? Exercise and Sleep Are the Best Ways to Shake It Off.

    They found that participants who took a daily average of 10,900 steps were less likely to take out their frustrations on their loved ones than those who took an average of less than 7,000 steps a day.

    The study also found that burning about 587 calories can translate to shaking off a tough day and stop an individual from bringing work issues home with them. The authors recommended activities such as walking and swimming.

    https://www.entrepreneur.com/article/289127

  • The Millennial CPO: How Will the New Generation Transform the Supply Chain Profession?

    “I envision the field to become more and more tech-centric,” says Jennifer Wolff, senior manager of material planning at Masco Cabinetry. “I continue to be disappointed by the systems that exist for our field.” It is safe to say that technology has embedded itself into the average millennial’s personal and work life. According to Nielsen, more than 85% of Americans between the ages of 18 and 34 own a smartphone, and a quarter of them ranked “technology use” as the defining characteristic of their generation.

    http://spendmatters.com/2017/02/15/millennial-cpo-will-new-generation-transform-supply-chain-profession/

  • How a Math Algorithm Could Educate the Whole World — for Free
  • 5 Steps to Develop a Supply Chain Risk Assessment Process
    1. Define stakeholder concerns
    2. Identify points of risk
    3. Develop a risk mitigation strategy
    4. Partner with third-party auditors and data collection agencies
    5. Simulate outcomes

    http://www.satprnews.com/2017/02/14/5-steps-to-develop-a-supply-chain-risk-assessment-process/

  • Oracle launches four apps for supply chain automation

    Nainani said Oracle’s supply chain and transport customers have “found it hard to adopt our IoT cloud components because they were uncertain how much investment was needed up front and how it would pay off for them.” In response, Oracle designed the new suite of tools to produce quick results in applications that clients are already using, Nainani said. The applications are in such areas as manufacturing, maintenance, customer service, and transportation management, he said.

    http://www.dcvelocity.com/articles/20170214-oracle-launches-four-apps-for-supply-chain-automation/

Photo: Alexander Mils

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News You Can Use: 2/15/2017

  • It’s Time to Go Beyond Supplier Management, But Where is That?

    Organizations these days need more than traditional historically focussed spend analytics that tell them, weeks or months after, what was spent, on what, from whom, by whom, from where, to where, and in what quantity. You need to know what is being spent, by whom, on what in real time … and where the dollars are trending towards. Is a new supplier taking all of the spot buy spend, or even worse, spend that is supposed to be on another contract? Are product and services tastes changing? Are market costs changing? The application has to not only be able to keep up, but identify the most pertinent trends and options for dealing with them … it has to have advanced predictive analytics that, at the very least, identifies the most relevant changes (and ranks them by value or statistics or outlier distance from the expected norm), if not offering prescriptive analytics on how to take advantage of changes, minimize losses, or control them in (historically) well understood situations.

    http://sourcinginnovation.com/wordpress/2017/02/03/its-time-to-go-beyond-supplier-management-but-where-is-that/

  • IT and Functional Departments – Finding the Middle Ground

    Procurement also brings market information (suppliers, price points, service levels) that IT may not be as focused on, but that could be critical to the overall solution. IT groups can at times limit themselves to certain suppliers for system or software solutions, but there may be alternate suppliers that easily integrate, or provide enough value to justify the effort required for working with disparate suppliers or systems. Procurement can bring that perspective forward and champion the needs of the business to balance the costs associated with IT change.

    http://sourcinginnovation.com/wordpress/2017/01/23/it-and-functional-departments-finding-the-middle-ground/

  • Consider Risky Moves by ‘Fear-Setting’
  • How Levi’s is radically redefining sustainability

    Levi’s has always been a leader in sustainability. In 1991, it established “terms of engagement” that laid out the brand’s global code of conduct throughout its supply chain. This meant setting standards for worker’s rights, a healthy work environment, and an ethical engagement with the planet. “It wasn’t an easy thing to do,” Dillinger says. “At the time, we were worried that doing this would drive up our own costs and prices.” In fact, what happened was that these practices were quickly adopted by other companies, who used it as a template to write their own rules. “We were actually leading industry toward new standards,” he says.

    https://www.fastcompany.com/3067895/moving-the-needle/levis-is-radically-redefining-sustainability

  • Don’t Be the Kobe Bryant of Your Office

    It doesn’t matter how productive you are if no one enjoys working with you. Steve Nash, a former NBA player that the researchers found to be particularly valuable at making his teams better, was famous for constantly high-fiving his teammates. There’s never been a direct measure of a “high-five to productivity ratio,” but doling out praise and encouragement seems to be indicative of creating a high-quality team culture, which in turn increases performance.

    http://www.thesimpledollar.com/dont-be-the-kobe-bryant-of-your-office/

Photo: Oliver Cole

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News You Can Use: 11/2/2016

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  • New Comcast data caps spotlight disturbing trend

    Data caps are becoming the norm, and that’s very bad news for consumers, who increasingly choose to stream video instead of paying exorbitant fees for pay TV. No other reason exists to impose such caps than the desire to increase profits. Here’s how Comcast justifies its data caps: “Our data plans are based on a principle of fairness. Those who use more Internet data, pay more. And those who use less Internet data, pay less.”

    Sounds fair … except it isn’t true. Unlike wireless providers, broadband ISPs have capacity to spare, and Comcast admits as much. In a memo leaked last year, Comcast told its sales people that data caps were not related to network congestion.

    http://www.cio.com/article/3128922/internet-service-providers/new-comcast-data-caps-spotlight-disturbing-trend.html

  • How a 100TB hard drive works:
  • How To Tell Your Boss You’re Completely Overwhelmed

    Feeling like you’re personally contributing, connecting with others, leveraging your creativity—or whatever your role means to you—is an anchor for the work you do. It’s why you do what you do. Without personal meaning, you’ll start to wear down from relentlessly throwing yourself into the churn and pulse of things. You can’t sustain this kind of disconnected, meaningless work for very long.

    https://www.fastcompany.com/3064498/work-smart/how-to-tell-your-boss-youre-completely-overwhelmed

  • Are We Solving the Right Problem with Supplier Risk Management?

    An agile supply chain means that you can be reliable even though an increasing number of things are going wrong. You can only do this if you can avoid those things in the first place or recover from them when they happen. Either way, this requires supply chain risk management, not just supplier risk management, and certainly not just supplier viability management via financial statement monitoring.

    http://spendmatters.com/2016/10/10/solving-right-problem-with-supplier-risk-management/
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  • A Tour of WeWork’s New Coworking Space in Philadelphia

    The office space is just minutes away from the Old City District, the home of Independence Hall, the Liberty Bell, and many other historical landmarks. The Market-Frankford Line has a stop on Girard Avenue, a five-minute walk from the office. There’s also a parking lot located diagonally across the street. Attracting a wide range of businesses, this Philadelphia office space is a great option for artists, designers, and other young entrepreneurs, as well as corporations looking for a local base of operations”, says WeWork

    http://www.officelovin.com/2016/10/10/tour-weworks-new-philadelphia-coworking-space/
    Philly getting some co-lo love…

Photo: Chirobocea Nicu

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