‘Dawn of data’ in Supplier Risk and Compliance Management Strategies

Date: Wednesday, November 14, 2018 | Time: 11 am EDT | 4 pm GMT


‘Garbage in -garbage out’ is a term often used in computer modelling to express that poor quality inputs typically lead to poor quality outputs. Organizations should view the data that they use to evaluate risk in exactly the same way.

Successfully measuring and understanding risk is a nirvana for procurement organizations, which is why many have willingly jumped onto the data bandwagon. However, given the plethora of open and closed sources of data available, determining which data sources are the best or most appropriate can be a serious challenge. Harmonizing data and personnel is further challenged in the operational context of ever increasing regulatory and stakeholder demands. Scientific tools & techniques are rapidly moving out of specialist silos and into the day-to-day operations of most business functions, including procurement.

Join this webinar to understand how organizations can leverage data and technology to drive innovation to ensure that risks are identified, managed and mitigated in a timely manner.

Key discussion points include:

  • Building a common approach for compliance while keeping the aspect of human rights aspects in perspective
  • Best practices for developing a data driven strategy to manage supplier risk
  • How technology can strengthens supplier risk and compliance
Donna L. Westerman
VP of ESG and Head of Retail and Consumer Good
Verisk Maplecroft

Building on an exceptional 25+ year career of establishing and optimizing global supply chain processes, performance, and systems, Ms. Westerman is the VP of ESG and Head of Retail and Consumer Goods for Verisk Maplecroft. She advises and leads strategic and tactical solutions for large-scale client initiatives, commodity and country risk analysis, sustainable sourcing, and human rights. Her focus is on corporate systemic change to improve labor practices and decent working conditions and environmental impact in CPG supply chains. She has a degree in Marketing and her MBA in International Industrial Relations both from Seton Hall University and her CSR certification from the Harvard Business School.

Swapnil Srivastav

Ms. Srivastav comes with 6 plus years of experience in Supplier Governance. She is currently the Marketing Manager for MetricStream.

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