What Is Vendor-Neutral Procurement Advisory and Why It Matters
As a procurement advisor, I understand the pressures Australian business leaders face. Navigating the complex world of procurement can feel like traversing a minefield, with competing interests and opaque processes often leading to suboptimal outcomes. Today, I want to demystify a procurement approach that is gaining significant traction worldwide, not just for its efficiency but […]
How APRA CPS 230 & CPS 234 Are Transforming Vendor Selection in Australia
Australian financial services institutions are facing a significant regulatory evolution, driven by the Australian Prudential Regulation Authority’s (APRA) updated prudential standards: CPS 230 (Operational Risk Management) and CPS 234 (Information Security). These standards are not merely incremental changes; they represent a fundamental reshaping of how APRA-regulated entities approach third-party and vendor risk management, with profound […]