IBM Supply Chain Blog

AUGUST 16, 2023

These include security and data leakage, confidentiality and liability concerns, intellectual property complexities, compliance with open-source licenses, limitations on AI development, and uncertain privacy and compliance with international laws. which underscores the importance of data privacy and ownership in the enterprise.

Risk 58

Risk Data Sourcing Quality 58

IBM Supply Chain Blog

JANUARY 22, 2024

The law outlines a set of data privacy rights for users and a series of principles for the processing of personal data. Subjects need not be EU citizens to have data privacy rights under the GDPR. The GDPR defines the circumstances under which companies can legally process personal data. They merely need to be EEA residents.

Data 89

Data Risk Influencing Contract 89

IBM Supply Chain Blog

OCTOBER 30, 2023

Security teams can better manage risk by leveraging dynamic playbooks, automations for investigation and response, and timestamp key actions for reporting, legal and compliance needs. It facilitates collaboration across privacy, HR and legal teams to address requirements for over 180 regulations.

Data 82

Data Leadership Risk management Risk 82

IBM Supply Chain Blog

MAY 2, 2023

They can help create better customer service and improve healthcare systems and legal services. However, this huge potential comes with risks, such as the generation of fake content and harmful text, possible privacy leaks, amplification of bias, and a profound lack of transparency into how these systems operate.

Ethics 105

Ethics Collaboration Risk Data 105

IBM Supply Chain Blog

JUNE 12, 2023

Some of these challenges are technical, some are legal, some are cultural, and different solutions are necessary to address each. Be solution-oriented and nimble in combining technical, operational and legal capabilities to deliver outcomes that matter to your organization. What does it mean to “do cloud right?”

Strategy 96

Strategy Cost of ownership Risk Data 96

The Procuretech Podcast

APRIL 2, 2024

The discussion highlights the significance of embracing generative AI, despite privacy and confidentiality concerns. It highlights the efficiency gains from AI in drafting legal documents and managing transactional activities, which could make certain roles obsolete. What impact will AI in procurement have on jobs?

Procurement 40

Procurement Influencing Risk Management 40

Procurement Tactics

JULY 17, 2023

It can also help to protect businesses from legal risks. Different industries have specific rules for data protection and privacy. By choosing a tool that meets these regulations, like GDPR or HIPAA, you stay compliant and avoid any legal or financial troubles down the line.

Contract management 189

Contract management Contract Management Negotiation 189

Supply Chain Game Changer

AUGUST 18, 2022

It also covers each party’s privacy, obligations, insurance, indemnification, and preferred method for conflict resolution. The lawyer ensures adherence to all legal provisions and effectively protects all parties involved. Step 2: Define legal concepts. Now, why do you need a vendor agreement? Purpose Of A Vendor Agreement.

Contract 93

Contract Supply Chain Efficiency Supply Chain Optimization Risk 93

The Good Spending

APRIL 30, 2023

Data privacy risk mitigation alone may justify any CLM investment. 5️⃣ CLM is only for legal departments. ? Truth: While legal departments greatly benefit from CLM in contract drafting, redlining, and negotiations, it is not limited to their use. 4️⃣ CLM eliminates human involvement. ?

Contract 52

Contract Management e2e Negotiation 52

IBM Supply Chain Blog

AUGUST 23, 2023

We might even see these augmenting legal and medical advice, turning LLMs into a first-line diagnostic tool used by healthcare providers. Privacy and re-identification risk AI models learn from training data, but what if that data is private or sensitive? This is inherently risky. Some of these risks include: 1.

Data 57

Data Risk Quality Inventory 57

Procurement Tactics

JUNE 22, 2023

It becomes a legally binding agreement between the purchaser and the vendor once accepted by the latter. Differences between Purchase Order and Blanket Purchase Order While a regular PO and a blanket PO are legally binding agreements between the vendor and the buyer, there are still some key differences between the two.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

IBM Supply Chain Blog

JANUARY 15, 2024

For example, contract managers need to know that the original research is faithfully converted into a legally binding contract for two or more parties. Implementing generative AI responsibly The remarkable generative capabilities of this emerging AI technology raise questions about its responsible use in the public sector.

Contract 70

Contract Data Contract management Networking 70

World of Procurement blog

APRIL 7, 2021

Hey Procurement Pros, are you struggling with the speed of your Contract Reviews as Legal is holding you up? But you don't need someone who is a Qualified Legal Professional to review your contracts. We respect your privacy. This is why you don't need Legal as the main point of review. You know what you need.?

Contract 52

Contract Procurement Contract management Procurement team 52

IBM Supply Chain Blog

JANUARY 25, 2024

Worker education and knowledge management are now tightly coordinated as a multi-stakeholder strategy with IT, legal, compliance and business operators as an ongoing process, as opposed to a once-a-year check box. The board directs and enforces AI-related initiatives and decisions.

Ethics 105

Ethics Strategy Risk Business strategy 105

IBM Supply Chain Blog

JULY 26, 2023

Widespread adoption and use of AI in HR applications raises many concerns about ethical implications and employee protections related to data and privacy. Failure to adopt a responsible AI strategy can result in great reputational, regulatory, legal, and even financial impact. HR leaders set the tone.

Ethics 70

Ethics Strategy Data Business strategy 70

Pipefy

JUNE 27, 2023

The Children’s Online Privacy Protection Act (COPPA) in the U.S. and General Data Protection Regulation (GDPR) in the European Union (EU) also deal with data privacy. These regulations are legally required and include civil and criminal penalties for non-compliance. includes the Family Medical Leave Act (FMLA).

Risk management 52

Risk management Risk Quality Data 52

Supply Chain Game Changer

JANUARY 30, 2022

But it has been kept private due to the widespread need for privacy and security. It just requires a legal release of an official statement accepting the bitcoin in the legal tender, and everything is done. The ledger is open to anyone to access. Why are Cryptocurrencies important? What does it take?

Import 97

Import Networking Supply chain Price 97

Supply Chain Game Changer

NOVEMBER 18, 2022

Crypto products are not fully legalized and regulated – There are some countries (like Japan and Korea) where cryptocurrencies are legally recognized as money. Cryptocurrencies do not have any centralized control, ensuring the transactions’ privacy and security. Transparency of Fiat currencies. Algorithmic payments.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Price Supply chain management 52

IBM Supply Chain Blog

SEPTEMBER 6, 2023

Even though generative AI can produce customer-facing work that seems humanlike, it still requires a human guide with expertise in navigating ethical and legal concerns regarding data use. Human reviewers can also identify and correct any instances of bias or hallucination that could have seeped into the content.

Data 122

Data Strategy Ethics Quality 122

Pipefy

DECEMBER 8, 2023

For example, a case manager who is handling an employee complaint will first compile a list of necessary resources when conducting the investigation like IT personnel, members of the legal department, and senior executives. This also includes providing requesters with respect, privacy, and a listening ear when concerns arise.

Management 52

Management Quality Collaboration Risk 52

Una

AUGUST 23, 2022

We have our privacy team who look at the GDPR or CCPA type of requirements and make sure we’re compliant from that standpoint.”. It’s part of our slide deck – how it all comes together. But it’s actually all managed within our intake tool. We have different teams that have input in there. 3 Procurement Data Challenges. We’re the focal point.

Collaboration 98

Collaboration Procurement Purchasing Data 98

IBM Supply Chain Blog

APRIL 4, 2023

Beyond the legal consequences, unethical and biased hiring practices can impact a company’s reputation and potentially limit its ability to attract customers and talent, and foster shareholder trust.

Ethics 52

Ethics Data Risk Strategy 52

Spend Matters

JULY 27, 2023

It should also be secure and compliant with data privacy regulations. Collecting and managing supplier information At its core, effective supplier management has everything to do with data collection and management. The system should be easy to use and update.

Suppliers 82

Suppliers Supply Chain Efficiency Risk management Risk 82

Spend Matters

AUGUST 31, 2023

Control risk A Gartner study found that 83% of legal and compliance leaders discovered third-party risks after the initial onboarding process. This includes assessing the vendor’s security and privacy certifications, as well as their compliance with relevant regulations.

Data 100

Data Vendor management Procurement e2e 100

Supply Chain Game Changer

AUGUST 24, 2022

If you want to maintain your privacy in front of the IRS as an overseas small business owner, it is best to not log any business expenses on your personal account. Legally you should file paperwork about the number and type of employees you have hired for your business’s activities. Educate Yourself. Managing Employee Taxes.

Inventory 89

Inventory Supply chain Management Sourcing 89

Supply Chain Game Changer

FEBRUARY 13, 2020

That has a noise component, it has a visual component, it has a safety component, it has a privacy component.” – Costa Samaras, Civil Environmental Engineer at Carnegie Mellon. Legal Restrictions The single biggest obstacle facing delivery drones is, in fact, a legal matter rather than a technological one.

Logistics 110

Logistics supply chain budgeting Innovation Supply chain 110

Supply Chain Game Changer

NOVEMBER 27, 2022

It would be best to research online to determine which crypto exchange platform is legally allowed in your country. Find a legal poker site you’re interested in and sign up with it. Using cryptocurrency is a smart way to ensure privacy while you play online. Create an Online Poker Account.

supply chain budgeting 78

supply chain budgeting supply chain software solutions Purchasing Supply chain 78

Una

SEPTEMBER 5, 2023

Will sharing sensitive purchasing and vendor information with a GPO compromise our data security and privacy? Protecting your privacy is of utmost importance to Una. How can we be sure the GPO’s practices and contracts adhere to legal and regulatory requirements?

Risk 52

Risk Purchasing Procurement strategies Contract 52

Zycus Cognitive Procurement

APRIL 12, 2021

The government’s rules and regulations and therefore legal acceptance of digital signatures vary geographically. However, digital signatures are legally accepted and are becoming the norm. . passed the Global and National Commerce (E-Sign) Act in 2000 to grant such solutions legal validity. . Legal Services. Healthcare.

Procurement 40

Procurement Contract Data Demand 40

Procurement Tactics

JUNE 28, 2023

This includes checking standards of ethics, legal requirements, supplier diversity, and minimizing any risk that may arise in connection with the procurement activities. Compliance and Risk Management Throughout the procurement process, monitoring compliance with the applicable legislation and regulations is crucial.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Pipefy

APRIL 11, 2023

But if this process is sloppy, unstructured, or unstandardized, employers run the risk of disgruntled employees, tarnished company reputations, uncomfortable conversations, or — worse — legal consequences. What is the termination process? Allow them to ask questions Tying back to being respectful, allow employees to ask questions.

Management 52

Management Import Logistics Risk 52

Supply Chain Game Changer

OCTOBER 6, 2022

But all institutions use absolutely legal tricks in their own way. But blank walls are also a guarantee of your privacy if the casino is located on a busy street because no one can see the players inside. The interior and arrangement of equipment in them obey the principle of a labyrinth.

supply chain budgeting 92

supply chain budgeting Budget Supply chain Import 92

Supply Chain Game Changer

NOVEMBER 27, 2022

This extends to protecting players’ privacy against scammers pretending to be legitimate casino operators. These regulatory actions can range from a legal warning to placing fines on offenders. This is where licensing authorities come in. Usually, the seal of a regulatory body on a casino website is a sign of relief for players.

Supply chain 97

Supply chain Data Risk Supply 97

Empowering CPO

MAY 6, 2023

This not only streamlines the contract management process but also mitigates potential legal and financial risks for the organization. The Importance of Data Security and Privacy As data becomes increasingly central to procurement decision-making, ensuring data security and privacy is of paramount importance.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

The Procuretech Podcast

JULY 29, 2020

11:08 I ask Anthony how they are able to fulfil the data privacy requirements of GDPR, and what data they are actually able to legally display within their own organisation. 18:14 The savings figure in Year 1 that Anthony alludes to is an eye-popping number you won’t want to miss if you’re an IT or telecoms procurement professional!

Category management 40

Category management Data Contract Budget 40

SCMDOJO

MAY 27, 2023

While some specialists will claim that it is not always true, understanding the methods of work, social, legal, and cultural limitations are still there. This way, it becomes possible to approach both major and minor issues by keeping valuable data within the company and maintaining a necessary level of privacy.

Supply chain management 56

Supply chain management Supply chain management Agile and Lean Supply Chain Supply chain 56

SCMDOJO

MAY 26, 2023

While some specialists will claim that it is not always true, understanding the methods of work, social, legal, and cultural limitations are still there. This way, it becomes possible to approach both major and minor issues by keeping valuable data within the company and maintaining a necessary level of privacy.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply chain 52