Brochure - TPRM
In today’s interconnected global economy, companies are increasingly dependent on external partners — such as suppliers, subcontractors, and other key stakeholders.
Effectively managing the risks associated with these relationships, as well as optimizing performance and ensuring they meet regulatory requirements, is critical for maintaining business resilience and a competitive advantage.
Third-party relationships are at the heart of a company’s performance, but they also pose significant risks.
Proactive management maximizes opportunities while minimizing threats:
• Reduce external financial, regulatory, operation and security risks.
• Optimize business relationships by improving the performance of third parties.
• Ensure compliance with legal requirements and international standards.
• Strengthen supply chain resilience — by anticipating and proactively managing potential disruptions.
To ensure optimal management of risks and third-party performance, it is essential to integrate high-performance tools, rigorous processes and a strong corporate culture — key elements of a successful strategy.
Implementing a Supplier Risk and Performance Management (SRPM) process ensures continuous optimization of risk and supplier performance.
SRPM begins with supplier identification and risk assessment; including financial stability, compliance, and operational capability. Supplier performance is tracked using key metrics, including delivery timeliness and quality standards.
Suppliers and subcontractors are monitored with a combination of internal KPIs, periodic audits, and insights from Third-Party data providers. This allows companies to address emerging risks such as regulatory changes or supply chain disruptions. Regular feedback ensures performance aligns with company standards for long-term goals and success.
Effective change management is essential for embedding these processes into the organization. Clear communication and involvement of stakeholders — such as project leaders and suppliers— foster adoption. Tailored training ensures all parties are effectively managing risks, while ongoing feedback and monitoring help refine processes for long-term success.
Optimizing third-party risk and performance management transforms business relationships into a strategic asset, strengthening external partnerships.