Gartner IT Sourcing, Procurement, Vendor & Asset Management Summit 2019 September 4 - 6 / Dallas, Texas

Vendor risk management isn’t just required in highly regulated industries, it's good practice in all industries. But today’s approaches are mired in lengthy and complex assessment surveys that span a variety of threats and risks. This session will discuss how to improve and enhance your model for managing vendor risks. Why is vendor risk management important now? What are the current best practices in a vendor risk management life cycle? How can we improve the efficiency and value of our vendor risk management programs?

There are many tools and methods for assessing vendor risks. These range from assessment questionnaires to onsite audits，the collection of risk attestations, and certifications. This session will address the methods and practices that enterprises are taking to improve what is often the most problematic and inefficient process in vendor risk management.

*Access to this session is restricted to those that are not part of an organization/company that provides services, products or solutions to professionals in the industry.

How we organize for vendor management can significantly impact how we enable optimal vendor performance. This session will identify best practices and methods to rightsize a vendor management office or organization.
What are the most effective organization models to optimize resources and facilitate effective governance?

Vendor management leaders are challenged to prove their value to the business. In this session， we’ll provide examples of how to calculate and communicate hard metrics like financial value and less objective and tangible measures.
- How do I calculate financial value of the vendor management organization?
- What intangible benefits does vendor management offer?
- What are the best methods to communicate financial and non-financial benefits?