OPERATIONAL RISK MANAGEMENT: BUILDING A FRAMEWORK TO IDENTIFY, ASSESS, AND REMEDIATE
Gaining visibility into and control over the multitude of internal and external risks is one of the top priorities of corporations today. With a recent jump in regulatory mandates and increasingly active shareholders, many organizations have become sensitive to identifying and eliminating areas of risk —, including operational, IT, brand, and reputation areas — from their business. Indeed, identifying risks no longer becomes the sole responsibility of specialists; executives demand greater visibility into the risk exposure of the organization so they can effectively manage risk and plan long-term strategies.
We suggest checking out http://www.aberdeen.com/research/8825/AI-operational-risk-management.aspx/content.aspx for their take.
Also google: future proofing risk management system
While Future Proofing sounds like 20/20 hindsight to us if it can be done than write the check!
PAS 7000: New standard tackles supply chain risk management
http://www.bsigroup.com/PAS7000/
Like ISO - the new standard PAS 7000 helps address these issues and specifies a universal package of supplier information to be shared with supply chain partners. This covers, key supplier information, capabilities and performance which will help buyers trace back & secure their supply chains, mitigate risk and brand reputation and for suppliers to promote their products.