Understanding Total Cost Calculations Related to Supplier Risk Management

• Recognize the actual expansive risk management costs and how they differ from traditional views.

• Learn the importance of aligning stakeholder risk appetite to ensure spending matches stakeholder expectations.

• Confirm your strategy is cost-effective in reducing risk vulnerabilities and protecting your value.

Traditional methods for calculating risk management fail to capture the true breadth of costs and are often disconnected from decision making that protects value. Building stronger supplier resilience — the ability to absorb disruption and recover while still delivering measurable returns — requires three priorities: a comprehensive assessment of risk management activities, alignment with organizational risk appetite and a disciplined focus on cost effectiveness.

The goal of this session is to help procurement leaders move from reactive fire-fighters to proactive value creators by mastering the math behind the chaos and rethinking fundamental total cost metrics.

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