The C-Suite Dimension: Elevating Third Party Oversight
Third party oversight has been elevated to a board-level issue in many companies, requiring them to review sourcing strategy. This begins with a board-approved Outsourcing Strategy Framework, since the business strategy of any successful company must drive the sourcing strategy. As industries and nuances differ, one size does not fit all; therefore divisions must develop their sourcing and risk appetites alongside the board-approved framework.
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Third party oversight has been elevated to a board-level issue in many companies, requiring them to review sourcing strategy. This begins with a board-approved Outsourcing Strategy Framework, since the business strategy of any successful company must drive the sourcing strategy. As industries and nuances differ, one size does not fit all; therefore divisions must develop their sourcing and risk appetites alongside the board-approved framework.