Networking Events Training Content Membership Career Network About Log Out How to Create a Definitive Third-Party Risk Management Program, Once and For All
Even before a pandemic hit the world stage, third party risk management (TPRM) has been confounding for procurement and supply chain leaders. Who owns the management of supplier risk? What information do you need to manage all the risks across the entire supply chain down the line from Tier 1 to Tier 3 suppliers? How do you best manage the risk posed by non-strategic vendors? Often, the focus is dominated by finding the right strategic suppliers and optimizing costs.
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Even before a pandemic hit the world stage, third party risk management (TPRM) has been confounding for procurement and supply chain leaders. Who owns the management of supplier risk? What information do you need to manage all the risks across the entire supply chain down the line from Tier 1 to Tier 3 suppliers? How do you best manage the risk posed by non-strategic vendors? Often, the focus is dominated by finding the right strategic suppliers and optimizing costs.