Managing Third Party Risk - A Lifecycle Approach

Utilizing a strategic sourcing approach to manage spend helps organizations focus on the best overall value from their suppliers. Incorporating third party risk management processes prior to onboarding a supplier, and throughout the relationship, helps ensure the value isn’t diminished. This webinar will provide you with insight to lessons learned and best practices on a risk-based approach to third party lifecycle management (TPLM).

Key learning objectives:

1. The principles of Third Party Lifecycle Management
2. Insight to key criteria used to assess risk in the supplier landscape
3. Varying factors to consider when developing the strategy 
4. Building the program
5. Managing the process
6. Sustaining and maintaining

1. Definitions, examples, key levers
2. Preparing organizational strategy 
3. Establishing  framework 
4. Stakeholder objectives
5. Creating a Best Overall Strategic Value model
6. Reporting, tools, and analyzing results

After attending this live webinar, you will have a comprehensive understanding of the differences between traditional supplier management and a dedicated focus on mitigating risk of supplier failure across a number of categories and measuring criteria. You will be able to define a comprehensive TPLM strategy that accounts for the unique and often complex linkage of data from a number of different sources that are pulled together to create the program’s framework. If you are involved in organizational decisions around supplier selection – whether it be procurement, sourcing, supply chain, compliance, finance, or legal, this webinar will provide insight that you can apply to your role.

The ideal target audience would be individuals with titles/function such as: Vendor Risk, VMO, Supplier Management, Third Party Management, Procurement, Sourcing, Compliance

Kevin Giblin

Current Role: Head of Americas Sourcing & Offshoring - Chain IQ

Previous positions held:

• Head of Global Sourcing and Procurement - Dun & Bradstreet
• Senior Director of Sourcing - S&P Global
• Director of Sourcing Manager - Siemens
• Strategic Sourcing Manager - Siemens

Career Highlights:

• Ranked #11 in Thinker360's Global Top 50 Though Leaders in Supply Chain
• 2017 EPIC Award for Career Excellence, Indirect Purchasing
• 2012 SDCE Green Supply Chain Award
• 2011 recipient IACCM "Collaborate to Innovate Award"
• 2009 CTB Achievement Award
• 2005 Corporate Achievement Award
• IMS Supplier Management Group vice Chair 2009-2010, Chair 2011-2014
• Curriculum advisor for Folsom College's purchasing program
• Featured author in Supply Chain World and Inside Supply Management