News
SureCloud releases guide to Enhancing Supplier Risk Assurance for the Extended Enterprise
December 2014 by Marc Jacob
SureCloud®, a supplier of Cloud-based Governance, Risk and Compliance (GRC) solutions, announced the immediate availability of its paper for enterprise risk practitioners entitled Supplier assurance: advancing from assessment to risk management. Written by SureCloud CEO, Richard Hibbert, the paper is a short extract from October 2014’s highly influential Institute of Risk Management (IRM) report ‘Extended Enterprise: Managing Risk in Complex 21st Century Organisations’. The 138-page study calls on companies to take a more proactive stance to supply chain crises rather than implementing new ‘tick box’ compliance processes that further add to complexity. It also provides an analysis of the role behaviour plays in ensuring consistency of culture and practice throughout every link in the chain.
SureCloud’s paper examines how the vast quantity and transient nature of supplier relationships today demand assurance capabilities that are not only consistent, efficient and scalable, but also provide analytic capabilities. It explains how this gives organisations new competencies to identify, prioritise and reduce operational risks in the supply chain. It pushes the case for establishing a framework that allows controlled business growth and maintains high levels of quality without having to introduce additional levels of complexity.
