Third Party Risk Management

Building a Risk Management Strategy: Where to Start

Posted: 06/02/2022 - 00:21
Learn three considerations to keep in mind as you build your risk management strategy that stays ahead of the next big disruption.

Risk management isn’t a new term or notion to the supply chain and procurement industry, yet it continues to be one of the least addressed priorities within organizations. KPMG recently shared a report on fourth-party risk that notes roughly 80% of businesses say they need to urgently improve their assessment of fourth parties in their supply chain.

The Three Pillars of Successful Supply Chain Risk Management

Posted: 08/25/2021 - 09:00
The Three Pillars of Successful Supply Chain Risk Management

Risk plays a role in every decision that is made by every business – and the supply chain is certainly no exception. Every supplier choice, contract negotiation and procurement transaction involves an unavoidable element of risk.

But just because risk can never be fully eliminated, that doesn’t mean it’s ok to leave it up to chance. Effective supply chain risk management demands continuous attention, careful planning and thoughtful execution.

Third Party and Supply Chain Risk Management: Then and Now

Posted: 05/12/2021 - 09:00
Third Party and Supply Chain Risk Management

The worldwide crisis made us hyper-aware that trust-worthy relationships are vital. Effective third-party risk management is the best way to gain assurance that responses and decisions are risk-informed. Managing third-party relationships, calibrated for criticality and risks, has never been more critical. This is the most reliable path to strengthen business resilience, protect stakeholders and the bottom line.

Why “Paper Compliance” is Not Good Enough in a Post-COVID-19 World

Posted: 05/27/2020 - 21:11
risk and compliance post-covid-19

An unlikely health and safety pandemic has thrown the world into a tailspin. Regulatory changes related to COVID-19 are already touching all facets of the industry. They are likely to continue to evolve at a brisk pace, making it difficult for some employers to keep up. Although it would have been impossible for any company to be fully prepared for such low probability, the companies that put health and safety at the forefront of their efforts have found themselves in a much better position to respond.

Innovations in Governance & Compliance: E*TRADE Financial Corporation

Posted: 09/21/2019 - 08:47
Innovations in Governance & Compliance: E*TRADE Financial Corporation

Can you outline why your team embarked on this project and the problem that needed to be solved?

Our Procurement team took over the process to identify vendor inherent risk from our Third Party Risk Management (TPRM) group. The process we acquired was driven by email and shared drive folders. We were receiving an average of 70 emails per week, and this manual, high volume process was ripe for human error.   
 

Innovations in Third Party Management: Bank of Canada & Ontala

Posted: 08/05/2019 - 06:29
Innovations in Third Party Management: Bank of Canada & Ontala

Can you outline why your team embarked on this project and the problem that needed to be solved?

Aligned with the Bank’s vision for being a leading Central Bank, the Bank had an objective to design and implement the Next Generation of its Third Party Risk Management Program informed by best practices and adapted to meet the needs of a central bank.
 

How were things done originally and what was the inspiration to innovate the process?

Infosecurity Europe 2019

Posted: 05/31/2019 - 20:46
Infosecurity Europe, Europe's largest information security event, will open its doors from Tuesday 4th to Thursday 6th June 2019 at Olympia, Hammersmith in London, bringing together business, technology and cyber communities to discuss and discover the best way to protect organisations and individuals.
 

Software Supply Chain Risk Management: Leveraging Standards to Communicate Expectations

Posted: 10/26/2018 - 00:41
Growing concerns related to dependencies on software-reliant information communications technology (ICT) and Internet of Things (IoT) devices are pushing changes in governance associated with supply chain risk management (SCRM). The possibility of disruption exists because the software that enables critical capabilities is vulnerable and exploitable. Exploit potential is often more about the vulnerability of assets in target organizations than the ingenuity of the attackers.

Future of Sourcing Awards 2018: Innovations in Third Party Management, with FedEx, Florida Blue and Fannie Mae

Posted: 10/16/2018 - 04:43
Dawn Tiura: Folks, with me today is Morgan Schultz, and she is representing the team from FedEx that is in the finalist category for third party management, and their project was called "Intelligent Dashboard Project". So welcome to the show, Morgan, I'm glad to have you.
 
Morgan: Thank you, Dawn.
 
Dawn Tiura: So, can you tell me, why was this project launched, what was the problem you were trying to solve?
 

Pages

Subscribe to RSS - Third Party Risk Management