Over the past couple of years, a multitude of challenges have been thrown at supply chains that have caused what feels like a chain reaction of continuous disruption. Supply chain and procurement teams are tasked with sifting through the noise to find out what is relevant to their supplier base to ensure their supply network stays in equilibrium.  

COVID-19, along with its direct impacts (lockdowns, border closures, etc.), has sent a domino effect of related disruption, including supply shortages and financial distress – but these aren’t the only threats in town.

Vendor risk management, also called supplier risk management or third party risk management, describes the efforts of managing the risks posed by the companies who sell you products and services. This white paper from riskmethods will help you identify, assess and mitigate the risks posed by your vendors or other third parties.