Reducing costs, exploiting expertise, securing capabilities and additional capacity are amongst the key drivers that have contributed to the increasing relevance of “third-party” service providers.
The term “third-party” is used when referring to a supplier and/or service provider who is not directly controlled by your organisation. A third party is any entity that your organisation works with. These may include suppliers, manufacturers, service providers, business partners, affiliates, distributors, resellers, and agents.
Third parties help businesses drive efficiency and cost savings, but they also give rise to complex and evolving risks. Third-party Risk Management (TPRM) assists organisations to identify, evaluate, monitor and managing these risks.
The objective of this survey is to assess your organisation's current state within each of the TPRM sub-processes.