#5 - Andra Munteanu: Supplier Sourcing, Risk, and the Immediate Nature of Everything

Andra Munteanu, Executive VP of Product and Engineering at Craft. Andra is a seasoned product leader with over two decades of experience working in high-growth tech companies, making a difference in the tech world. In this conversation, both Andra and Florin dive deep into the interesting realm of supplier intelligence and risk management, emphasizing the importance of understanding biases in data. They also unravel the captivating history of credit bureaus, shedding light on how their beginnings have shaped today's credit systems. By the end of the discussion, they delve into the real-world challenges and opportunities data products encounter in our ever-changing digital landscape. This episode offers something for everyone, from data enthusiasts to those simply curious about the role data plays in our world. Andra's LinkedIn: https://www.linkedin.com/in/andramunteanu/ Craft: https://craft.co/ PODCAST INFO Podcast website: https://podcast.veridion.com/ Apple Podcasts: https://podcasts.apple.com/us/podcast/data-on-the-rocks/id1641696416 Spotify: https://open.spotify.com/show/4QVTmqp1i6Hvn8VoPEHo2E RSS: https://anchor.fm/s/7635cea8/podcast/rss Youtube: https://www.youtube.com/@UC8m4RLlG3s0D5miqf3GkEkw SUPPORT & CONNECT Florin Tufan is the Co-Founder & CEO of Veridion, the host of Data on the Rocks Podcast, and a data enthusiast passionate about seeking Truth. Florin's LinkedIn: https://www.linkedin.com/in/florin-tufan-3b0b66173/ Veridion is a big data startup that leverages advanced scraping and ML technologies to ingest hundreds of billions of webpages every week and perform at scale human-like ML based research to create and maintain a database of 50+ data points on 70M+ companies. Clients vary greatly in terms of domain (from insurance and banking to procurement and private equity) but share a core common trait: the need to perform business decisions at scale. About Veridion: https://veridion.com/about-us/ Veridion's LinkedIn: https://www.linkedin.com/company/veridiondata Veridion's Facebook: https://www.facebook.com/veridiondata/ Veridion's Twitter: https://twitter.com/veridiondata OUTLINE 00:00 - Intro 01:00 - Coffee and Jet Lag 04:07 - Joining Craft 07:42 - Risk Management in Procurement vs Credit Underwriting 12:32 - The High-Level Objective of Risk Management in Supply Chain 21:13 - Exploring the Supplier Intelligence Boom 26:30 - Navigating Data Complexities in Supply Chain and Risk Management 36:58 - The Art of Canvasing different data sources 42:35 - Credit Bureau and how it started 45:58 - Data Prediction and Biases 52:36 - Cross-use cases of data product 57:42 - Outro