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Supplier Governance

Hi all, Our organization has recently taken on formalizing a 3rd party risk program. This includes in scope Vendor Management/Supplier Governance. Currently, the organization makes purchases for technology, partnerships, etc. and our concern are around the benefits, risk, and costs associated. We try to inquire users to shop around, obtain multiple quotes, and do a lot of preliminary work prior to purchase and we have a risk assessment process to note the added risks introduced to the organization, but it is not always effective. Are there any resource material or supplier governance frameworks that our organization can adopt? Thanks
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RE: Supplier Governance

Hello Chris, Have you looked into Gartner? They have done lots of work in this space and they do have frameworks. They also wrote a book on sourcing management. (I confess - I used to work there...). I would also recommend you look into the auditor's space, as they do audit vendor management. In addition to ISACA, of course, ACFE in Canada (acfe.com) might be a source to look into. Lyne
Lyne BouchardLively at 3/29/2017 5:08:17 PM Quote
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RE: Supplier Governance

Hey Chris...ISACA's library has a host of info on these frameworks. I'd recommend looking at those first before venturing on others.
DingDing at 4/6/2017 11:38:45 AM Quote
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RE: Supplier Governance

Check this out: https://www.isaca.org/Journal/archives/2017/Volume-2/Pages/third-party-risk-management.aspx
DingDing at 4/6/2017 12:42:13 PM Quote
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RE: Supplier Governance

Check this out: https://www.isaca.org/Journal/archives/2017/Volume-2/Pages/third-party-risk-management.aspx
DingDing at 4/6/2017 12:42:13 PM Quote
You must sign in to rate content.
(Unrated)

RE: Supplier Governance

Hey Chris...ISACA's library has a host of info on these frameworks. I'd recommend looking at those first before venturing on others.
DingDing at 4/6/2017 11:38:45 AM Quote
You must sign in to rate content.
(Unrated)

RE: Supplier Governance

Hello Chris, Have you looked into Gartner? They have done lots of work in this space and they do have frameworks. They also wrote a book on sourcing management. (I confess - I used to work there...). I would also recommend you look into the auditor's space, as they do audit vendor management. In addition to ISACA, of course, ACFE in Canada (acfe.com) might be a source to look into. Lyne
Lyne BouchardLively at 3/29/2017 5:08:17 PM Quote
You must sign in to rate content.
(Unrated)

RE: Supplier Governance

Hello Chris, Have you looked into Gartner? They have done lots of work in this space and they do have frameworks. They also wrote a book on sourcing management. (I confess - I used to work there...). I would also recommend you look into the auditor's space, as they do audit vendor management. In addition to ISACA, of course, ACFE in Canada (acfe.com) might be a source to look into. Lyne
Lyne BouchardLively at 3/29/2017 5:08:17 PM Quote
You must sign in to rate content.
(Unrated)

RE: Supplier Governance

Hey Chris...ISACA's library has a host of info on these frameworks. I'd recommend looking at those first before venturing on others.
DingDing at 4/6/2017 11:38:45 AM Quote
You must sign in to rate content.
(Unrated)

RE: Supplier Governance

Check this out: https://www.isaca.org/Journal/archives/2017/Volume-2/Pages/third-party-risk-management.aspx
DingDing at 4/6/2017 12:42:13 PM Quote
You must sign in to rate content.
(Unrated)

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