optimizing sourcing assessm… · assessment considerations auditors and regulators risk factors in...

7/20/17

Time Topic Responsible

11:00am Welcome & Introductions Snehal Sindhvad (SIG)

11:05am SIG Working Group Concept & Structure Snehal Sindhvad (SIG)

11:15am Recap of last meeting (May 24, 2017) John Bree (NEO)

11:25am Assessment Considerations, The Journey and Team Project! John Bree (NEO)

12:00pm Meeting Concludes

Snehal Sindhvad

SIG – Member Services

ssindhvad@sig.org

John Bree

NEO Group

john@neogroup.com

Working Council Leadership Team

Christina Howlett-Perez

Wellington Management

Vice President, Manager, Finance & Administration - Procurement

Special Guest Speaker

Time Topic Responsible

11:00am Welcome & Introductions Snehal Sindhvad (SIG)

11:05am SIG Working Group Concept & Structure Snehal Sindhvad (SIG)

11:15am Recap of last meeting (May 24, 2017) John Bree (NEO)

11:25am Assessment Considerations, The Journey and Team Project! John Bree (NEO)

12:00pm Meeting Concludes

Ensure that SIG Members have a resource to turn to when they have questions concerning how organizations develop their sourcing strategies;

Provide an environment for SIG Members to network and develop relationships with subject-matter experts, thought leaders and practitioners in this business area;

Discuss sourcing strategies with SIG Members and focus on initial value assessments and optimal decision-making. This council will develop a general framework to help ensure that your business strategy is driving your decisions.

The Charter or Purpose of this Working Council is:

Working Councils are open to all SIG Members

Buy-Side participation is the core of our success!

John Bree is our Sell-side Council Leader

Time Topic Responsible

11:00am Welcome & Introductions Snehal Sindhvad (SIG)

11:05am SIG Working Group Concept & Structure Snehal Sindhvad (SIG)

11:15am Recap of last meeting (May 24, 2017) John Bree (NEO)

11:25am Assessment Considerations, The Journey and Team Project! John Bree (NEO)

12:00pm Meeting Concludes

oRecap of May 24, 2017 Council WebExoSourcing Lifecycle

oStrategy-Sourcing-Governance

oCost Focus to Strategic Value

oMaturity

oOpportunities

oSourcing Models

oReal Data-Time, Trends and Analytics

oLocation

oCaptive vs TPV

oTransition Framework

oScorecards for tracking

oGovernance

oMonitoring

oStaff and Skills

oHealth Checks

Time Topic Responsible

11:00am Welcome & Introductions Snehal Sindhvad (SIG)

11:05am SIG Working Group Concept & Structure Snehal Sindhvad (SIG)

11:15am Recap of last meeting (May 24, 2017) John Bree (NEO)

11:25am Assessment Considerations, The Journey and Team Project! John Bree (NEO)

12:00pm Meeting Concludes

Assessment ConsiderationsAuditors and Regulators

Risk Factors in Interconnected World

Setting the Strategy

Divisional Impact

Calculating the Risk

TPRM Framework

Sourcing / Procurement

Control Function Touch Points

Roles and Responsibilities

Contract Terms

Continuous Monitoring

Selection, Risk & Due Diligence

ContractsOngoing

Monitoring

Establish Third

Party/Contract

RiskEnsure Use and Completion of

Templates and Control

AssessmentsStandard

Contract

LanguageFormalize

Oversight and

Monitoring

Terminate

Exit Strategy and

Asset Return

13

Who has a project challenge they

would like to share with the

group?

We can work through the issues

together and determine the best

path to a solution.

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QUESTIONS?14