Vendor Management (Platform Approach to Third party Management)
Vendor Management (Platform Approach to Third party Management)
Training Partners
Next Session
Duration
2 Days
Cost
SGD981
Contact
(+65) 6717 2585
wsq@straitsinteractive.com
Ideal For
- Head of Departments / functions with GRC roles (audit, risk, compliance)
- Data Protection Officers
- Compliance Managers or Personnel with procurement responsibilities
- Departments handling third parties, e.g., Finance, Human Resource, Sales and Marketing, IT, Customer Service.
Course ID: TGS-2023018837 | This course is eligible for SSG funding.
For more information about the course, drop your enquiry here.
| INTAKE INFORMATION | Mode of Delivery: Classroom Facilitation | |
| NEXT INTAKE | To be confirmed |
In an environment of tough business competition with huge bottom-line pressures and a need to create distinctive advantage, organisations are focusing on their core competencies and heavily leveraging third parties (including suppliers, distributors, partners, agents, business associates, joint ventures, subsidiaries, etc.) across countries, not just locally. Today many organisations are using third parties for a range of business activities ranging from Manufacturing to Distribution, Information Technology to Financial Processing, Logistics to Human Resources Management, Sourcing to Research and Development.
Strong reliance on third parties can be risky and it is crucial to the risk exposure, resilience, and reputation of an organisation using a third party. It can be very costly and difficult to deal with a third-party incident, with consequences including regulatory requirements, damage to reputation, and a loss of business revenue. Third parties need to be carefully vetted with ongoing risk assessments to ensure that an organisation is protected and secure.
This program enables organisations to identify and assess the risk posed by third parties where it exceeds the threshold set by the business. This allows organisations to make risk-informed decisions and reduce the risk posed by vendors to an acceptable level. Third party risk management is an important key to the success of an organisation as organizations of all sizes are becoming more and more reliant on third parties for their innovation, growth, and digital transformation.
Meet our team of trainers:
 | Celine Chew As a Certified Information Privacy Manager (CIPM) and Head of Learning and Development of Straits Interactive, Celine provides insights into the behavioural change and learning required for teams to embrace change initiatives. She offers comprehensive training for Data Protection Officers (DPOs) and companies, propelling digital transformation in data protection and governance. Celine also has extensive training experience internationally and specialises in the social, emotional and cognitive aspects of learning. She is also an executive coach to senior executives in multinational and regional companies. Combining both her educator, musical and change management background, Celine crafted and trained a tailored curricula for educators on utilising ChatGPT for teaching and learning, training educators' adeptness with these tools. Through her hands-on approach and strategic insights, she has significantly advanced the integration of cutting-edge AI technologies in these vital areas as well as playing a crucial role for the launch of Straits first AI Data Protection Officer (DPO) Assistant toolkit. |
ELIGIBILITY CRITERIA
Participants should have:
- Minimum qualification - Diploma
- At least 2 years of working experience
LEARNING OUTCOMES
- Able to establish a Third-Party Management Governance.
- Able to develop strategic third-party management plans.
- Able to identify critical third parties and formulate risk mitigation strategies to address potential risks associated with the supplier relationship.
- Able to develop KPIs and establish key roles, duties and performance expectations of suppliers based on organisation's strategies and expectations.
- Able to develop positive relationships with vendors based on trust and mutual understanding, and evaluate the overall performance of vendors to review and endorse decision on future contract renewals, changes or termination.
- Able to develop provisions for dispute resolutions and to apply dispute resolution techniques and strategies.
COURSE MODULE
Unit 1: Third Party Management and Governance
Unit 2: Third Party Risk Assessment/Due Diligence
Unit 3: Policies and Contractual Protections
Unit 4: Sustain Third Party Relationships
Unit 5: Data Breach Management Response Plan
Unit 6: Respond to Disputes, Breaches and Exits
DELIVERY FORMAT
- Lecture style
- Video clips
- Discussions with consultants
- Role play / presentations
DURATION
2 full days (9am to 6pm)
ASSESSMENT AND CERTIFICATION
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment may include:
- Written assessment
- Project work
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a Statement of Attainment (SOA) issued by SkillsFuture Singapore (SSG).
Training Venue:
Straits Interactive Pte Ltd
43A Beach Road #02-00 Singapore 189681
Mode of Delivery: Classroom Facilitation
Medium of Instruction: English
Trainer-to-trainee Ratio: 1:20
For more information about the course, drop your enquiry here.
- Electronic copy of course material
| COMPANY-SPONSORED | |||
| PARTICIPANT PROFILE | SELF-SPONSORED | SME | NON-SME |
| Singapore Citizen < 40 years old Permanent Resident | $531.00 After SkillsFuture Funding (50%) | $351.00 After SkillsFuture Funding (50%) | $531.00 After SkillsFuture Funding (50%) |
| Singapore Citizen ≥ 40 years old | $351.00 After SkillsFuture Funding (50%) | $351.00 After SkillsFuture Funding (50%) | $351.00 After SkillsFuture Funding (50%) |
| International Participant | $981.00 (No Funding) | $981.00 (No Funding) | $981.00 (No Funding) |
All prices include 9% GST ETSS Funding refers to SkillsFuture Enhanced Training Support for SMEs | |||
SELF SPONSORED
# SkillsFuture Credit
Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.
Please note that the new top-up of $4,000 SkillsFuture Credit (Mid-Career) is not applicable for this course.
For more information on the new tiers of Skills Future credit, visit Skills Future website for details.
COMPANY SPONSORED
# Enhanced Training Support Scheme
- Organisation must be registered or incorporated in Singapore
- At least 30% local shareholding by Singapore Citizens or Singapore Permanent Residents
- Employment size of not more than 200 (at group level) or with annual sales turnover (at group level) of not more than SGD100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents
# Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here .
For more information, please refer to:
Course ID: TGS-2023018837 | This course is eligible for SSG funding.
For more information about the course, drop your enquiry here.
| INTAKE INFORMATION | Mode of Delivery: Classroom Facilitation | |
| NEXT INTAKE | To be confirmed |
Training Venue:
Straits Interactive Pte Ltd
43A Beach Road #02-00 Singapore 189681
Mode of Delivery: Classroom Facilitation
Medium of Instruction: English
Trainer-to-trainee Ratio: 1:20
For more information about the course, do write to us at wsq@straitsinteractive.com
REGISTRATION AND CONFIRMATION
Participant is to register for the course programme using their full name as indicated in the government-issued identification.
When registration is confirmed, participants will receive an email confirmation along with information on the course programme. If no seats are available for the applied date, you will be notified immediately and given an alternative date.
Straits Interactive reserves the right to change the course schedules, programmes and content without prior notice. We also reserve the right to cancel the course due to unforeseen circumstances.
PAYMENT
Payment must be made upon the receipt of invoice and before course commencement.
(For self-sponsored participant who is claiming SkillsFuture Credit, kindly refrain from making payment till the claim is approved.)
Payment can be made via:
- Bank Transfer
- PayNow
- Visa and Master card payment
(For Singapore OCBC card holders: 12-month interest-free instalment payment. Instalment payment will be in Singapore dollars)
CANCELLATION
Request for withdrawal or postponement must be made in writing to Straits Interactive. Refunds arising from course withdrawal/deferment will be subjected to the following terms:
- More than 2 weeks before course commencement: Full refund.
- Less than 2 weeks before course commencement: 50% refund.
- On or after course commencement: No refund.
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