Vendor Risk Management
How to choose the best vendor, build effective relations and foster cooperation a successful journey for all parts?
Best-in-class IT leaders and experts in Life Science programs,
hands-on opportunities and strong community
I am an IT Manager with 22 years of experience in Data warehousing, Business Intelligence, data analysis, risk, audit and compliance management. I am skilled in the areas of System Architecture and Design, Issue Management, and efficient team management. Recently I have been involved in data privacy and lean GDPR processes. Currently holding the following certificates: PMP, Prince2, CISM, and CRISC.
How to choose the best vendor, build effective relations and foster cooperation a successful journey for all parts?
The audit of the future will be digital. This will be forced by the consequences that the coronavirus epidemic for businesses. Companies are undergoing major changes, someone has to effectively monitor the situation, assess risks and ensure regulations compliance.
The computational power of quantum computers is just round the next corner. Much of the information on this subject is part of the PR game, but is the technology mature enough to help humanity to fighting the COVID-19 epidemic?
It is crucial nowadays for companies to do everything they can to maintain business continuity. This includes new work organization, with a massive turn towards telework/remote work and/or home office mode. Most of the market players it’s all new, and they are learning by doing. So are their employees.
New digital solutions are currently pouring into what used to be a rather conservative area: regulated industries, as they are in constant need of real-time reviewing of their progress to meet market regulations and synchronize information of their multi-level structure.
The RSA key is currently one of the most popular asymmetric cryptographic algorithms with a public key used to securely exchange information on the Internet. Can one break the RSA key using a quantum computer?
Vendor selection can be managed, introduced step by step and run for as long as you wish to avoid the risk of making bad subcontractor choices. Establishing the vendor management program in your company requires 8 steps.
Vendor rarely takes the bullet and it’s usually the buyer who has to bite it. Of course, you can go to the court and draw the consequences afterwards, but will your customers care? It’s the buyer who is responsible for his vendors performance.