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Compliance Tip of the Day

Compliance Tip of the Day – Leveraging AI for 3rd Party Risk Management

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re a seasoned compliance professional or just starting your journey, we aim to provide bite-sized, actionable tips to help you stay on top of your compliance game. Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your organization on the right side of the law. Tune in daily for your dose of compliance wisdom, and let’s make compliance a little less daunting, one tip at a time.

Today, we consider how AI can greatly increase the speed and efficiency of your 3rd party risk management program.

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out the entire 3-book series, The Compliance Kids, on Amazon.com.

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12 O’Clock High-a podcast on business leadership

12 O’Clock High, a podcast on business leadership: Evolving Supply Chain Risks and Strategic Adjustments Post – COVID with James Gellert

In this engaging episode, Tom Fox welcomes back James Gellert, Executive Chairman of RapidRatings and Chair of Advisory Board at LogicSource.

They are to discuss the evolution of supply chain risk management post-COVID. They delve into how the pandemic accelerated existing initiatives, highlighting the increased focus on using data and new technologies to enhance supply chain resiliency. Gellert emphasizes the shift from ‘just in time’ to ‘just in case’ strategies, the heightened importance of managing indirect suppliers, and the impact of current inflationary pressures on middle-market and private companies. They also explore the critical role of communication between supply chain executives, board members, and shareholders in navigating these complexities. The discussion underscores the need for more proactive engagement from all stakeholders to manage supply chain risk effectively.

Key Highlights:

  • Current Role and Responsibilities
  • Impact of COVID on Supply Chain Risk Management and Post-COVID Supply Chain Strategies
  • Inflation and Its Effects on Supply Chains
  • Labor Costs and Supply Chain Disruptions
  • Consumer Spending and Supply Chain Pressure
  • Procurement as a Service and LogicSource
  • Engagement of Boards and Shareholders in Supply Chain Risk

Resources:

James Gellert on LinkedIn

RapidRatings

LogicSource

Tom Fox

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