Stephany Lapierre, CEO of Tealbook, explains why enterprise companies need high-quality supplier data to manage supply-chain risk and meet regulatory requirements around diversity and carbon emissions. Without solid data, she says, organizations can't respond to disruptions or satisfy stakeholder demands.
Chapters
Spend is relevant, but it's not that particularly as useful as understanding where you have risk in your supply chain and where you know you need to find alternative suppliers. Or then suddenly you get Black Lives Matter. It's that now you need to know who your suppliers are that are woman owned, or, you know, veteran owned, or small business owned. And suddenly you get carbon emissions so that you need to stay right. That the requirements have continued to compound in a way that it's impossible for enterprise today without having a solid data foundation to realize and be able to satisfy all these different regulations and requirements and all the disruption that will continue to happen. So really fortunate that the world of technology, with AI, big data, and then also all the other sort of factors that have contributed to raising awareness of the importance of having good data. It all starts with good data.