Whether it is the mitigation of supply chain disruption or driving new levels of collaboration and innovation with your third parties, having a strong supplier and vendor management program in place is the difference between choosing a best-in-class provider and exposing your organization to dangerous business practices. In this session you will learn how to understand “true” risk, which goes beyond payment risk and includes the risks associated with natural disasters, geo-political issues and IT security. The presenters will also share best practices for capitalizing on relationships, including a definition of what “shared value” and transparency truly mean.

Topics in this session included:

• The difference between relationship management and risk management and why it’s important
• How to understand true risk and incorporate the effects of natural disasters, geo-political issues and IT security in your overall risk strategy
• How to leverage relationships and truly collaborate using transparency with analysis and metrics

Contributors: Cardinal Health, Xchanging
Categories: 2014 Fall - Denver, Summit Presentations
SRC Type: Risk Management, Sourcing Management