HOME TRUST
“ It ' s a perfect storm when you have so many moving parts happening all at the same time ”
SANJA CANCAR-TODOROVIC ENTERPRISE PROCUREMENT , OUTSOURCING & VENDOR MANAGEMENT LEADER , HOME TRUST
have occurred in such a short period of time . But with massive changes , you now have the exposure to massive risks that , if not mitigated properly , could be catastrophic to the organisation .”
Cancar-Todorovic points to areas such as supply chain , vendor concentration , fourth-party risk management , information security , business continuity and says that all of those were points that were ticking-the-box exercises prior to COVID . But as a result of the pandemic , they ' re now part of the elevated third-party risk management process .
“ At Home Trust has partnered with some great vendors that enabld us to automate our sourcing process and ensure a robust third-party vendor management program that ensures a solid due diligence process , not just at the onboarding stage , but throughout the life cycle of the vendor relationships , including continues monitoring of our critical suppliers .”
Attitudes to risk management have changed over the past two years too – and companies have had to find unique ways to respond to that . She explains that while both procurement and risk management might
128 November 2021