Description
Most companies know they need to understand the risks associated with their suppliers. But too often, vendor risk programs start and end with tiering vendors and monitoring information. To get real value, companies need to operationalize vendor risk in a way that all levels of the organization know what role they play and what action to take when risk flags occur. This webinar discusses Christine's latest research on what leading-edge companies are doing to implement effective vendor risk management and use it to their advantage.
Agenda:
- What Vendors And What Risks?
- Vendor Risk As A Use Study For Big Data
- Going Beyond Company-Level Vendor Risk Assessments
- What Vendor Risk Management Looks Like On A Day-To-Day Basis
Key takeaways:
- Structure a vendor risk program that matches corporate objectives.
- Use vendor risk to create competitive advantage, not just avoid negative events.
- Create a RACI model that involves the entire organization without overwhelming key stakeholders.
Technical Information
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