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DS2.1 - Identification of All Supplier Relationships

This topic is intended to enable collaboration and sharing of information to facilitate a better understanding and approach to implementing this COBIT control objective based on the risk, value and guidance provided by its corresponding control practices.

COBIT Control Objective DS2.1 - Identification of All Supplier Relationships is contained within Process Popup Manage Third-party Services.

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Identification of All Supplier Relationships

Identify all supplier services, and categorise them according to supplier type, significance and criticality. Maintain formal documentation of technical and organisational relationships covering the roles and responsibilities, goals, expected deliverables, and credentials of representatives of these suppliers.

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Value Drivers

  • Centralised service supplier overview to support supplier decision making
  • Preferred suppliers identified for future acquisitions
  • Supplier management resources focused on critical suppliers
  Risk Drivers
  • Unidentified significant and critical suppliers
  • Inefficient and ineffective usage of supplier management resources
  • Unclear roles and responsibilities leading to miscommunciations, poor services and increased costs

View Control Practices  help

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  1. Define and regularly review criteria to identify and categorise all supplier relationships according to the supplier type, significance and criticality of service. The list should include a category describing vendors as preferred, non-preferred or not recommended.
  2. Establish and maintain a detailed register of suppliers, including name, scope, purpose of the service, expected deliverables, service objectives and key contact details.

 

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Volume 5, 2011
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Volume 3, 2011
by William C. Brown, CISA, CPA, and Byron J. Pike, CPA
The US Securities and Exchange Commission (SEC) is planning what could be among the largest changes in the history of American accounting.

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8 Jun 2010
Hello, this is my first post on my blog at ISACA.  I feel honored to be among the many members of the ISACA organization and look forward to exchanging ideas, issues, and changes in the Information Security and all of the areas of Risk, Governance, and Co...
Posted By : Donald515 | 0 comments