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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

The culprit: lax practices of a third-party data and analytics contractor. What’s happening is that supply chains are becoming more intricate and far-flung the deeper we move into digital transformation and the Internet of Things. Related: Atrium Health breach highlights third-party risks. Advancing best practices.

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Business process management (BPM) examples

IBM Big Data Hub

Workflows can be established that govern the movement of goods from supplier to customer. Workflows can be established that govern each stage of the procurement lifecycle, from sourcing to payment. Workflows that govern each stage of the product lifecycle, from ideation to retirement can be standardized.