Today, a third party or supplier can have a major impact on your organization. Whether it be an interruption in your supply chain, a data breach, or failure to comply with a regulation, third party/supplier risk management has become a hot topic in the boardroom and with senior management. Implementing a third party risk management program can be an overwhelming and daunting undertaking. Hear firsthand from a Chief Administration Officer how their organization made third party/supplier risk management a priority on a global scale.

Topics covered in this session included:

• The key drivers for having a third party management program
• Some fundamental steps required before starting the program and during its implementation
• The results and how the program is benefitting the organization
• Lessons learned: recommendations in building a third party/supplier risk management process

 

Contributors: Apollo Group, Hiperos
Categories: 2015 Fall - Huntington, Summit Presentations
SRC Type: Risk Management, Sourcing Management