Supply Chain Strategy

The era during which it was acceptable for investment committees to select and monitor service providers, using vendors of the services to guide them, has come to an abrupt and dramatic end.

The U.S. Department of Labor's intent to force the collapse of the old system for hiring and managing vendors of investment and administration services marks the beginning of a new era.  Pension plan sponsors, and foundations, too, are now installing professional supply management systems, replacing the obsolete vendor dominated approach.  Roland|Criss is leading the way.

Roland|Criss' strategy development engagements produce the following outcomes:

• Audit and analysis of our clients' and vendors' workflows.
• Formalized cost and performance minimums for vendors against regulatory standards.
• Implementation of vendor sector specialization at the fiduciary committee level.
• Redefinition and restructuring of the way fiduciary committees operate in order to meet the new standards of care.
• Freedom from inappropriate influence by incumbent vendors.

Case studies of fiduciary chain management strategies are available here from Roland|Criss.

Many executives that purchase investment and administration services for their ERISA qualified plans and non-profit foundations wonder if they can trust their vendors.  A free white paper reveals Roland|Criss' viewpoint.