Even before a pandemic hit the world stage, third party risk management (TPRM) has been confounding for procurement and supply chain leaders. Who owns the management of supplier risk? What information do you need to manage all the risks across the entire supply chain down the line from Tier 1 to Tier 3 suppliers? How do you best manage the risk posed by non-strategic vendors? Often, the focus is dominated by finding the right strategic suppliers and optimizing costs. But with so much riding on sourcing and flexible contracts today, TPRM has become a front and center issue.
In this webinar, experts from GEP, Senior Director Ian Cotter, and Senior Manager AJ Sheiner, will discuss how to set up the most effective TPRM program for long-term success. They will present on the skills and processes needed — and explore the supporting technologies that improve visibility and enable rapid risk mitigation for all suppliers and vendors.
On the Agenda:
- Strategies for organizing the entire program across risk, governance and compliance teams while ensuring supply continuity
- How to decide whether to keep TPRM completely in house or leverage outsourcing
- Sources of automated, real-time data feeds and rich, AI technologies with automated alerting
Following the panel discussion, audience members will be able to take part in the dialogue in a live Q&A session.You must be a SIG member and logged in to view this document.