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The 4-Letter Word Your Mother Never
Told You About
RISK:
BravoSolutionMickey North RizzaVP Strategic Services
www.sig.org/eval
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• RISK: The 4 Letter Word Your Mother
• Never Told You About
VP Strategic Services
Mickey North Rizza
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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
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Agenda
Definition & View
Exposed
Top Ten Best Practices in Supplier Risk
Summary
Questions
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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
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RISKS? What RISKS?
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Top Ten Best Practices In Supplier Risk
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1. Research & Plan for the Next Crises
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2. Accurate & Complete Spend & Supplier Data
Different views of…
information & data
SPEND SUPPLIER
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3. Catalog of Risks
Financial
Compliance
Operational
Viability
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4. Rules-based Approach
Source: John Deere
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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
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6. Integrated Processes
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7. Technology & Supplier Value Management
Onboarding
Phase Out
Supplier Lifecycle Management
is critical to maintaining &
achieving value
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8. Feet on the Street
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9. Employee Training
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10. Measure, Monitor, Mitigate
Risk Scoring/
& Heat MapRemember:
OUTCOME MATTERS
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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
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Questions?
Questions?
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RISK: The 4 Letter Word Your Mother Never Told You
About
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RISK: The 4 Letter Word Your Mother Never Told You
About
Mickey North Rizza
VP Strategic Services
Email: m.northrizza@bravosolution.com
Office Phone: +1-978-834-6813
Twitter: @MNorthRizza
Visit us at www.BravoSolution.com
Blog: www.strategicsourcing.com
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RISK: The 4-Letter Word Your Mother Never Told You About
www.sig.org/eval
Mickey North Rizza
VP Strategic Services
Email: m.northrizza@bravosolution.com
Office Phone: +1-978-834-6813
Twitter: @MNorthRizza
Visit us at www.BravoSolution.com
Blog: www.strategicsourcing.com
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