RISK - SIGsig.org/docs2/S15_RISK_The_4-Letter_Word_Your...Mickey North Rizza VP, Strategic Services,...

The 4-Letter Word Your Mother Never

Told You About

RISK:

BravoSolutionMickey North RizzaVP Strategic Services

www.sig.org/eval

2© All Rights Reserved - Confidential

• RISK: The 4 Letter Word Your Mother

• Never Told You About

VP Strategic Services

Mickey North Rizza


Introduction

• About BravoSolution • 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.

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 11th year of consecutive profitable

growth


Agenda

Definition & View

Exposed

Top Ten Best Practices in Supplier Risk

Summary

Questions


RISK

RISKA 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

Source: Helping advisors

Source: VCU

Strategic

Risk

Operational

Risk

Compliance

Risk

Financial

Risk

Reputational

Risk


RISKS? What RISKS?


Top Ten Best Practices In Supplier Risk


1. Research & Plan for the Next Crises


2. Accurate & Complete Spend & Supplier Data

Different views of…

information & data

SPEND SUPPLIER


3. Catalog of Risks

Financial

Compliance

Operational

Viability


4. Rules-based Approach

Source: John Deere


5. Governance Required

Incident Response Team

Functional/BU Crisis Team

Management Crisis Team

Corporate Team

Executive Team

Board

ES

CA

LA

TIO

N GU

IDA

NC

E


6. Integrated Processes


7. Technology & Supplier Value Management

Onboarding

Phase Out

Supplier Lifecycle Management

is critical to maintaining &

achieving value


8. Feet on the Street


9. Employee Training


10. Measure, Monitor, Mitigate

Risk Scoring/

& Heat MapRemember:

OUTCOME MATTERS


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


Questions?

Questions?


RISK: The 4 Letter Word Your Mother Never Told You

About


RISK: The 4 Letter Word Your Mother Never Told You

About

Mickey North Rizza


Email: [email protected]

Office Phone: +1-978-834-6813

Twitter: @MNorthRizza

Visit us at www.BravoSolution.com

Blog: www.strategicsourcing.com

mailto:[email protected]

http://www.bravosolution.com/

http://www.strategicsourcing.com/

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Session #15

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

www.sig.org/eval

Mickey North Rizza


Email: [email protected]

Office Phone: +1-978-834-6813

Twitter: @MNorthRizza

Visit us at www.BravoSolution.com

Blog: www.strategicsourcing.com

mailto:[email protected]

http://www.bravosolution.com/

http://www.strategicsourcing.com/

RISK - SIGsig.org/docs2/S15_RISK_The_4-Letter_Word_Your...Mickey North Rizza VP, Strategic Services,...

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