Supplier Risk Resolution: Monitor and Manage Risk at the Scale of Your Supply Chain, MADRID

Join us for an in-person workshop with fellow Procurement and Supplier Risk professionals. You will gain a best-practice perspective on third-party risk management; from information to action.

Guided by respected Analyst Michael Rasmussen, you will explore stakeholder-sensitive ways to align risk controls and reporting with strategic priorities. All backed by a demonstrable ROI; commercially and in support of broader objectives.

You will discuss a range of assessment, monitoring and remediation techniques designed to safeguard your business effectively. Whatever your existing level of risk visibility and data management, you will hear how other companies incorporate continuous controls into supplier workflows.

Learn how to clarify your risk goals, identify data requirements, communicate with stakeholders, monitor emerging concerns and address compliance gaps efficiently at the scale of your supply chain. Supported by reporting that reflects your business objectives.

Agenda

• 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: 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

GRC 20/20 Analyst Workshop Facilitator . . .

Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on enterprise GRC strategy and processes supported by robust information and technology architectures.  With 30+ years of experience, Michael helps organizations improve GRC strategy and processes supported by the correct GRC technology architecture. This enables organizations to align GRC with the business and deliver effective, efficient, resilient, and agile capabilities to the organization.  He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — the first to define and model the GRC market in February 2002 while at Forrester.

Workshop Host/Sponsor

apexanalytix revolutionized recovery audit with advanced analytics and the introduction of firststrike overpayment and fraud prevention software. Today, apex also leads the world in supplier management innovation with apexportal and smartvm, now the most widely used supplier onboarding and compliant master data management solution in global procure to pay processes. With over 250 clients in the Fortune 500 and Global 2000, apex is dedicated to providing companies and their suppliers with the ultimate supplier management experience. To support our commitment to innovation, we have built a highly experienced team of associates in key markets around the globe. Together we value performance, honor a diversity of perspectives, experiences and cultures, nurture candor, give back to the communities where we live and work, and have fun working together. For more information, visit www.apexanalytix.com or join our LinkedIn apexanalytix Community.