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Lowe’s Knows Third-Party Risk Management

Lowe’s Knows Third-Party Risk Management

As one of the largest home improvement retailers in the world, Lowe’s knows that eliminating potential risks from vendors, suppliers and other third parties is essential to their success. This year, the company is in the midst of a major third-party risk management upgrade – and Jefferson Pike, Sr. Manager IT Security TPRM, is the program’s lead architect.

Join Jefferson for this webinar discussing lessons learned on the Lowe’s TPRM “project site.” Along with Brenda Ferraro, VP of Third-Party Risk at Prevalent, Jefferson shares actionable tips across all stages of TPRM, including:

  • Blueprinting: Assessing your needs and outlining an achievable TPRM framework
  • Building the Team: Aligning procurement, legal, vendor, security, and leadership teams
  • Scoping the Job: Identifying and understanding the vendor and supplier universe
  • Gearing Up: Selecting the right tools and weighing in-house vs. outsourced TPRM options
  • Getting It Done: Vendor tiering, questionnaire selection, continuous monitoring, Nth party assessments, remediation management, and more
  • Measuring Progress: Selecting the right KPIs/KRIs and reporting to management

This an invaluable opportunity to gain insights from a TPRM program in the midst of a major expansion.

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