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Workshop for Procurement leaders. There is no cost to attend.

Agenda

Part 1: Supplier Risk Management by Design

  • Part 1: Supplier Risk Management by Design

  • Part 2: The Blueprint for Effective Risk Resolution

  • Part 3: Managing Suppliers and their Data

  • Part 4: Using Technology to Resolve Risks at Scale

Part 1: Supplier Risk Management by Design

Why risk management matters, how companies get it wrong and ways Procurement can lead the way in supplier GRC.

• Why supplier risk management matters for Procurement

• Suppliers in disarray: how companies mismanage third parties (and why they’re exposing themselves to risk)

• Current drivers & trends pressuring companies in third party management

• Procurement’s role in governance, risk management, and compliance

Part 2: The Blueprint for Effective Risk Resolution

A best-practice look at defining your risk strategy, engaging your stakeholders, aligning to objectives and planning for success.

• Blueprint for effective risk resolution

• Assemble your supplier risk committee: aligning stakeholders around effective controls

• Develop your supplier risk charter: defining a structure to govern third party relationships

• Plan for success: document your processes to deliver strategic risk management

Part 3: From Onboarding to Offboarding; Managing Suppliers and their Data

Great data management is at the heart of supplier risk oversight. Explore actionable ways to keep up-to-date risk visibility central to your data strategy.

• Managing suppliers from onboarding to offboarding

• Risk-aware supplier identification & onboarding

• Continuous monitoring of evolving risks

• Communicating with suppliers to maintain risk controls

• Objective-driven metrics & reporting

• Supplier re-evaluation and offboarding

Part 4: Using Technology to Resolve Risks at Scale

Enable your strategy by selecting a solution that directly supports your goals, then assemble a value-driven business case that aligns with broader priorities.

• The power of technology-enabled oversight

• A blueprint for managing supplier information (with risk at its core)

• Types of supplier risk data and how they can be integrated into your processes

• Components and requirements for supplier information architecture

• The broad range of technology available (and what best serves your business)

• Building your business case: articulating the value of supplier risk management

Your Host: Michael Rasmussen

Michael Rasmussen is an internationally recognized thought leader and pioneer in governance, risk management, and compliance (GRC). With over 30 years of experience, he has extensive expertise in enterprise GRC strategy and processes supported by robust information and technology architectures. Known as the “Father of GRC,” Michael was the first to define and model the GRC market in February 2002 while at Forrester, setting the foundation for the modern understanding of GRC.

 

Michael helps organizations build and refine their GRC strategies, ensuring alignment with business objectives to deliver effective, efficient, resilient, and agile operations. He is a highly sought-after keynote speaker, author, and advisor. His influential work has contributed to U.S. Congressional reports and committees. Michael is an OCEG GRC Fellow, serves on the Leadership Council of OCEG, and chairs the OCEG Technology Council.

A picture of Michael Rasmussen