• EBG | Webinar
  • EBG | Play
  • EBG | Summit
    • CPO Outlook 2022
    • Sourcing Outlook
    • Source 2 Pay Summit
  • EBG | Insight
  • EBG | Business Directory
  • About EBG | Network
    • Contact EBG | Network
    • Networking with EBG | Network
    • Privacy Policy

EBG | Network

Procurement and Finance Outlook Intelligence

EBG | Play: Aker Solutions: Reputational and financial risk control

October 4, 2017 By ebgnetwork

Spread the word

It is always a treat hearing real life experiences from different industries and with different angles based on the same premises. That today a lot of doing business has to do with managing and developing external supplier relationships.

EBG | Network is very happy that Hilde Kjensjord, Senior Manager, SCM Governance, Risk & Compliance at Aker Solutions shared her insights from managing reputational and financial risk. Also a big thank you to Bureau van Dijk, A Moody’s Analytics Company who enabled us to host the webinar.

View the recorded session and hear the poll result responses below:

Free trial

After viewing the recording you might want to try it out for yourself? Go ahead! Via >>this link you will enter Bureau van Dijk’s website and can test a Procurement Catalyst fre of charge

During EBG webinar sessions we invite you who join us to share your view, making attending a win-win.

When do you terminate a supplier relationship?

The respondents was asked to choose one option indicating that both reputational risk and financial risk are equally common reasons for terminating a supplier relationship.

Sebastian at Bureau van Dijk commented on these results and commented that there has been a change over the past years. Asking the same question 3 years back would have – in his opinion – rendered in a much higher percent stating financial risk is the number one reason to terminate a supplier relationship.

Reputational risk is getting increasingly important to asses since the company brand recognition may be damaged and not “only” the financial aspects.

How important is company ownership when assessing risk?

Sebastian think it is encouraging that 42% consider ownership important for all suppliers, he expected those numbers to be lower. Challenges finding out who owns a company may be challenging but still leaving it out is not recommended, so only assessing in high risk cases is not recommended.

Biggest challenges ensuring supply chain compliance?

The result is similar to what Hilde would say – that too many suppliers and insufficient information are the biggest challenges.

Two most important risks when assessing the supply chain?

That the financial risk is top ranked here comes as no surprise. Hilde states that the results show that it is hard to rank sources of risk – is there a risk identified from those sources which will make you act or not?

Recognize the results? EBG are happy to share them and if you want to you can meet Bureau van Dijk at Sourcing Outlook 2017


Spread the word

Trackbacks

  1. Bureau van Dijk join Source 2 Pay Summit 2018 | EBG Network says:
    March 14, 2018 at 9:41 am

    […] October, EBG hosted a webinar enabled by Bureau van Dijk, found here. The session focused on that risk assessment processes are often scattered across legal entities, […]

EBG | Network was founded in 2010. A cross functional, end-to-end business network focusing on improved sales and forecasting, increased spend under management and financial supply chain control. EBG bring people together online and in person who can help each other grow and develop.

EBG is managed by Anna & Lars – partners in business and life. Contact us today with any type (business) related questions! Contact us using the LiveChat function below.

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Anna Bjarkerud

Anna Bjarkerud

anna@ebgnetwork.com +46 735819302

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Lars Bjarkerud

Lars Bjarkerud

lars@ebgnetwork.com +46733500343

Find what you are looking for

EBG | Webinar

EBG | Webinar: How can Procurement respond to uncertainty?

The past years have taught Rolls-Royce and all other companies to be prepared for anything. Demand management and supplier collaboration have become a strategic part of the business. Welcome to a webinar where Dave Fryer, Transformation Director, Direct Procurement Excellence at Rolls-Royce and Henrik Nyberg, Account Executive and Nordic Leader at Ivalua will look at […]

Newsletter opt-in – don’t miss out!

Name

Title

Company

Email-(only corporate addresses will be communicated with)

Leave this field empty
I agree to the processing of my personal data

CPO Outlook 2022 | October 12th & 13th | Stockholm & Online

Learn more about EBG Networking

Networking with EBG | Network

EBG | Business Directory – learn more about the market

EBG | Network will be listing competences and solutions in the area EBG work. Source 2 Pay is a broad area including everything from sourcing tools to cash management solutions. EBG do not help choose – but have a lot of material to share!

Follow the link below to the EBG | Business Directory

Clock the below link to enter the directory

EBG | Business Directory

Recent articles

Maersk Drilling join CPO Outlook 2022

EBG | Network welcome Grant Morrison, Director, Head of Category Management at Maersk Drilling to CPO Outlook 2022! Grant invite you who join us on October 12th and 13th in Stockholm to his Focused Theme Discussion. A session where a group of people will come together and dig really deep into a specified topic. In […]

Norden join CPO Outlook 2022

Procurement if often under staffed yet asked to have control over spend that is usually a huge part of corporate turnover. Being asked to help the business make informed decisions. Making sure supplies are secured and risk analyzed. Ensuring working capital is handled the best way possible. How do you achieve that and more if […]

EBG | Webinar: How can Procurement respond to uncertainty?

The past years have taught Rolls-Royce and all other companies to be prepared for anything. Demand management and supplier collaboration have become a strategic part of the business. Welcome to a webinar where Dave Fryer, Transformation Director, Direct Procurement Excellence at Rolls-Royce and Henrik Nyberg, Account Executive and Nordic Leader at Ivalua will look at […]

Getinge join CPO Outlook 2022

In what ways are you doing due diligence today? How about using artificial intelligence to make informed decisions. Finding the best possible sources of supply. Having machines sorting out transaction and governance flows and simply tapping in when an error occurs. Well. Most would probably agree that technology and data usage have developed in a […]

UPM join CPO Outlook 2022

What is true end to end source to pay to you and how do you implement it? This is what Jukka-Pekka Hämäläinen, Vice President, Source to Pay Operations at UPM invite you to discuss with him and a peer group. More companies than ever understand the value in end to end spend and cash insights. […]

Join the EBG | Network

Copyright EBG | Network © 2010–2022 · Log in

This website uses cookies to improve your experience. You can opt-out if you wish Accept Reject Privacy Policy
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT