ISM-Reading, Inc.

Join the executive leaders from ISM and Resilinc as they come together as part of a quarterly series to discuss the latest and emerging risks and disruptions impacting global supply chains. ISM CEO Tom Derry and Resilinc CEO Bindiya Vakil will also provide insights based on respective data and research from both organizations.

Energy (including electricity, LNG, renewables, offsets) is a complex spend category. Few companies manage their energy spending well enough to capture lowest market rates on secure sources of supply. Our presenters have helped countless companies reduce their costs of energy. They will discuss a five-part strategy to help webinar attendees navigate the upcoming 2025 energy marketplace.

Attendees can expect the following:

• Key questions to answer before beginning the energy journey
• How to develop a formal energy procurement strategy
• Ways to understand and follow the wholesale energy market
• Conduct a regional pricing process that includes all market players
• Ways to verify enrollment and invoice accuracy
• Ongoing – how to monitor markets, reporting and adjusting strategy

This webinar delves into the critical realm of ethical sourcing, exploring best practices and highlighting the pitfalls of overlooking ethical considerations in procurement. We'll examine the psychological drivers behind procurement misconduct, drawing insights from Maslow's Hierarchy of Needs to understand how greed, power dynamics, and social influences can lead to unethical behavior. Through real-world cases, we'll illustrate the devastating consequences of corruption and fraud, emphasizing the importance of proactive measures to safeguard organizational integrity.

Audience Takeaways:

• Understand the psychological factors that contribute to procurement fraud and corruption.
• Learn how to identify and mitigate ethical risks in your procurement processes.
• Develop strategies to foster a culture of integrity and ethical decision-making.
• Discover best practices for ethical sourcing including supplier selection.