The Supply Chain Matters blog features its latest full edition of This Week in Supply Chain Technology. This column serves as a news capsule of specific developments occurring in the supply chain technology sector.
Featured names in this latest edition include Jabil and ProcureAbility, JAGGAER and Trustpair, Coupa and project44 executive hires and a newly issued Biden Administration Executive Order addressing Generative AI technology development and threats.
Our previous full news capsule edition was published on October 25, 2023.
Jabil Acquires Procurement Services Provider ProcureAbility
Global based contract manufacturing and supply chain services provider Jabil Inc. has announced completion of the acquisition of procurement services provider ProcureAbility.
No financial terms were disclosed regarding this acquisition.
Jacksonville Florida based ProcureAbility was founded in 1996, and is a provider of procurement services and staff augmentation spanning end-to-end procurement, category management, sourcing execution, contracts administration and supplier relationship management needs.
According to the announcement, ProcureAbility will continue to operate independently as a Jabil company to deliver an expanded suite of services to procurement organizations globally.
In the announcement, Jabil Chief Supply Chain and Procurement Officer Frank McKay indicated that the two companies will revolutionize the procurement landscape for clients and help drive transformative change.
JAGGAER Announced Integration with Trustpair
Autonomous commerce and procurement technology provider JAGGAER has announced a collaboration with Trustpair, a vendor fraud prevention platform that monitors millions of data points and data sources to verify supplier related information and streamline risk identification. The company assists finance teams in securing the purchase-to-pay process with financial account validation.
According to the announcement, JAGGAER customers will be able to add automated fraud detection as an additional layer of protection against supplier financial risk, which has been on the rise globally.
Coupa Announces New CEO
Procurement spend management and supply chain network design technology provider Coupa has announced that Leagh Turner will join the tech provider as its new CEO effective November 23, 2023.Turner additionally will serve on the tech provider’s Board of Directors.
Turner brings more than 20 years of experience in technology and in leading performance, innovation and growth. Turner most recently served as the co-CEO for human capital management (HCM) software provider Ceridian. Other senior management roles were at SAP and Oracle.
Project44 Appoints New Chief Product Officer
Supply chain execution visibility Cloud platform provider project44 announced that AJ Wilhoit has joined the tech provider’s executive team in the role of Chief Product Officer.
Prior to joining project44, Wilhoit served as Executive Vice President of Enterprise Product & Technology at transportation digital brokerage provider Flexport, developing a suite of applications. Wilhoit spent 13 years at Amazon, holding product and technology leadership roles including overseeing Amazon’s Global Delivery CX and the one-hour delivery capability of Prime Now.
Biden Issues Executive Order Addressing Generative AI
President Joe Biden has issued an executive order invoking the Defense Protection Act which will reportedly compel major Generative AI focused technology providers to notify the U.S. government when developing any system that poses “a serious risk to national security, national economic security or national public health and safety.”
According to reporting by The Wall Street Journal and other broad media, this order seeks to mitigate risks related to privacy, job losses and other deemed national security risks. It requires Generative AI technology providers to notify the U.S. Commerce Department how providers are undertaking efforts to protect this technology from malicious use. The order will reportedly prompt steps to begin the establishment of appropriate standards for advanced AI safety and security, shield Americans’ privacy and civil rights, and establish help for workers whose jobs are threatened by this technology.
A reported key tenet of this order is to manage national security risks as cybersecurity risks, essentially that advanced AI technology in the wrong hands or with nefarious purposes could fuel a global arms race in disinformation.
The White House further clarified that this action is not a substitute for passed legislation by the U.S. Congress addressing the guidelines in use of this technology.
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