RISK: The 4-Letter Word Your Mother Never Told You About. BravoSolution Mickey North Rizza VP Strategic Services.

Transcription

1 RISK: The 4-Letter Word Your Mother Never Told You About BravoSolution Mickey North Rizza VP Strategic Services

2 RISK: The 4 Letter Word Your Mother Never Told You About Mickey North Rizza VP Strategic Services 2

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4 Introduction About BravoSolution Leading Strategic Procurement Solution Market leading, integrated strategic procurement platform End-to-end automation of the complete strategic procurement lifecycle Practitioner Experience Flexible, Secure and Scalable supporting a diverse range of deployment models and customer needs 600+ procurement professionals worldwide 15+ years of experience in industry and strategic procurement processes Value-added services across technology implementation, customer support, market operations, and strategic advisory services Global Scale 600+ customers worldwide 65,000+ purchasing users collaborating with 700,000+ suppliers Direct support in 12 countries for implementation & advisory expertise +71M EUR in turnover in 2014, the 11 th year of consecutive profitable growth About the Presenter Mickey North Rizza VP, Strategic Services, BravoSolution Leveraging her 25+ years of experience and expertise, Mickey works closely with BravoSolution clients to help them deliver impactful value in Procurement, Sourcing and Supplier Relationship Management. During her career, Mickey North Rizza, VP, strategic services at BravoSolution, served in various leadership roles as a strategic procurement and supply management practitioner and industry analyst. Most notably, Mickey was distinguished as an award-winning supply chain analyst during her seven year tenure at Gartner Research. Mickey is a founding member of the ISM Supply Chain Risk Management Group, which she currently chairs. She is a highly regarded and sought after global thought-leader and speaker focused on strategic procurement and supply management. 4

5 Agenda Definition & View Exposed Top Ten Best Practices in Supplier Risk Summary Questions 5

6 RISK RISK A probability or threat of a disruption - damage, injury, liability, loss or another negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action. Source: Adopted from Business Dictionary Strategic Risk Operational Risk Reputational Risk Source: Helping advisors Compliance Risk Financial Risk Source: VCU 6

7 RISKS? What RISKS? 7

8 Top Ten Best Practices In Supplier Risk 8

9 1. Research & Plan for the Next Crises 9

10 2. Accurate & Complete Spend & Supplier Data SPEND SUPPLIER Different views of information & data 10

11 3. Catalog of Risks Financial Operational Compliance Viability 11

12 4. Rules-based Approach Source: John Deere 12

13 ESCALATION 5. Governance Required Board Executive Team Corporate Team Management Crisis Team GUIDANCE Functional/BU Crisis Team Incident Response Team 13

14 6. Integrated Processes 14

15 7. Technology & Supplier Value Management Onboarding Supplier Lifecycle Management is critical to maintaining & achieving value Phase Out 15

16 8. Feet on the Street 16

17 9. Employee Training 17

18 10. Measure, Monitor, Mitigate Remember: OUTCOME MATTERS Risk Scoring/ & Heat Map 18

19 Top Ten Best Practices: Supplier Risk Management 1. Research & Plan for the Next Crises 2. Accurate and Complete Spend & Supplier Data 3. Catalog of Risks 4. Rules Based Approach 5. Governance Required 6. Integrated Processes 7. Technology & Supplier Value Management 8. Feet on the Street 9. Employee Training 10. Measure, Monitor, Mitigate 19

20 Questions? Questions? 20

21 RISK: The 4 Letter Word Your Mother Never Told You About 21

22 RISK: The 4 Letter Word Your Mother Never Told You About Mickey North Rizza VP Strategic Services m.northrizza@bravosolution.com Office Phone: Visit us at Blog: 22

23 Evaluation How-to: Why? Your feedback drives SIG Event content By signing and submitting your evaluation, you are automatically entered into a prize drawing How? Option 1: App 1. Select Schedule 2. Select Schedule by Day 3. Select Day 4. Select Session 5. Scroll to Description 6. Click on the Evaluation link Option 2: Browser 1. Go to 2. Select Session (#15) COMPLETE & SUBMIT EVAL

24 Session #15 RISK: The 4-Letter Word Your Mother Never Told You About Mickey North Rizza VP Strategic Services Office Phone: Visit us at Blog: Download the App: bit.ly/sigcaapp Tweet: #SIGfall15

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