Third-Party Risk

The increasingly globalised nature of the supply chain is intensifying the threat to procurement operations. However, procurement’s ability to forecast and prepare for risks is limited. Our latest Executive report looks at the leading concerns for Procurement in the next 12 months.

The report details quantified benchmarks for financial costs of threats in the future. As well as gaining leading CPOs opinions regarding the likelihood of these events occurring.

The PIU examined this issue by looking at the different areas of risk management. The report provides readers with an understanding of procurement’s capabilities in the following areas:

  • Risk identification;
  • Risk mitigation; and
  • Disaster response and recovery.

In addition to benchmarking the policies and procedures for third-party risk management, the report takes case studies from leading organisations in their approach to supply chain risk. It provides quantified data on the costs of particular threats and the qualitative impact they may have on supply chains.

Lastly, the report develops a framework for risk assessment, which recommends a structured approach to managing risk within the supply chain.

The full report is now available via our corporate membership scheme. If you are currently a PIU member, simply click here to get the report.