After a reorganization within his company, a SIG University graduate applies lessons learned in the Certified Supplier Management Professional (CSMP) program to facilitate a people- and culture-driven change management approach to bring his company into regulatory compliance.
The CSMP program exposes students to leading-edge training on contract administration, compliance, risk mitigation, performance, governance operating models, talent management support, transformation and more to help companies put effective governance programs in place.
The Certified Supplier Management Professional (CSMP) program from SIG University discussed the importance of GR&C and provides samples of governance models with roles and authorities, its relationships, and communication structures in relation to the procurement or sourcing strategies of an organization. I was glad to see these topics discussed as it confirmed the need for reorganization within my company, which now has clearly defined roles and responsibilities between governance and third party risk management and the sourcing department.
Change Management Theories: A Focus on People and Culture
The new governance model implemented considered internal and external factors that affect the overall operations of the organization, most importantly, the people. In order to be successful, we instituted a proactive period of transition using a systematic approach that consisted of a well-defined change plan. Our sourcing department had been resistant to change developed from the previous governance structure, making it challenging to implement new changes. Part of our strategy was to include within our change management plan early involvement of all key players and stakeholders in order to minimize the resistance previously experienced.
David E. Romo-Garza, Director of Business Risk and Controls