Aravo Chairs Supply Chain Risk Management Track at Procurecon USA 2012
Friday, October 26th, 2012Press Release – Aravo
Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) and B2B information and collaboration solutions, recently chaired a Procurecon USA 2012 industry track exploring best practices in global supply chain risk management. Joined by Thomas Hattier, Manager, GE Shared Source Services, Aravo also led roundtable sessions discussing Fortune 500 challenges around: “Taming Supplier Information Complexity: Building A Single Source of Truth Across the Enterprise”.
Procurecon’s agenda focuses on topics to ensure that procurement does not become an impediment to progress but rather a key driver of supply availability & continuity, business excellence, and working capital growth for R&D investment and managed growth. Global supply chain risk management track sessions led by Aravo at Procurecon included presentations discussing:
— Corporate identity theft by scammers impersonating enterprise procurement departments to establish credit lines with suppliers and place fake orders for goods to be transshipped overseas.
— The evolution of electronic payment methods to simplify settlement processes and reduce accounts payable risk, errors and fraud.
— Global risk management best practices for risk identification, prioritization and mitigation across industries and geographies. (Full Article)