Which is more important? Complying with regulatory requirements or becoming a valued business partner? If you can do both well and keep it simple but effective, supplier risk management will earn its rightful place as a business imperative. In this session, the presenters will discuss BMO Financial Group’s supplier risk management program (SRM) that incorporated best practices with strategic sourcing processes, which resulted in: optimizing resources to supplier risk and spend; earning the respect and willing support of senior executive management, key business partners, Operational Risk Management and Audit; and effectively managing large-scale change. BMO Financial Group’s ground breaking strategy, Supplier Portfolio Management, will be profiled including how analytics and SRM were leveraged to earn a “seat at the table.”

Contributors: BMO
Categories: 2014 Spring - Nashville, Summit Presentations
SRC Type: Risk Management, Sourcing Management