Every time procurement teams onboard a new supplier, they bring new risk into their business.
When you work with another organization, it’s essential that you have faith in their financial health, business longevity, ability to deliver reliably, and commitment to safeguarding your business and data.
Understanding Third-Party Risk in Procurement
You can never completely avoid third-party risk. But with the right approach, intelligence, and supplier insights, you can identify which of your ‘proven partners’ could pose a potential threat to your operations.
Download our five-step procurement checklist to discover whether you’re really doing your due diligence and get some practical tips to help you uncover third-party risk management before it impacts you.
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