News Details :
News Details:
Headline : United States : JAGGAER And Riskmethods Address The Relationship Between Risk And Value In Spend Management And Procurement
Summary : Heiko Schwarz, Co-Founder and Managing Director of riskmethods, and Georg Rsch, Vice President of Direct Procurement Product Management at JAGGAER, will discuss why risk is one of the most critical considerations as both a variable and a value driver in any enterprise procurement organization, on the August 28, 2018, 11:00 AM EST edition of JAGGAERs InsideSpend webinar and podcast series. This webinar is designed to provide actionable intelligence and insights for Chief Procurement Officers, VPs, and Directors and Managers of procurement locally and globally.

Schwarz founded riskmethods because he found a need for threat identification, impact assessment, and risk mitigation within enterprise procurement and supply chain management teams. Many of the companies that he had spoken with had undergone a risk related incident that had cost millions in damages and lost revenue. Schwarz and Rsch will address the utilization of Artificial Intelligence and data analysis of supply chain information to reduce financial risk, minimize product defects and increase supplier reliability, supported by real world case examples from several international companies.

According to Schwarz, riskmethods provides a solution that automatically identifies threats around supply networks, both inbound and outbound. Integrated with AI capabilities, riskmethods platform supports the assessment framework to identify the impact to the individual customer organization. By combining innovative data analysis with prescient supply chain data and information, procurement departments can understand their supply risks and begin to prepare the organization for various threat and risk scenarios that could result in supply disruptions, downtime, lost revenue, reputational damage, or fines and penalties. Rsch will discuss the importance and functionality among integrated solutions, providing deeper visibility into the health of the supply chain.