The business landscape continues to evolve; companies are increasingly dependent upon 3rd parties. 3rd parties can include suppliers, contractors/consultants, distribution partners, resellers, agents, intermediaries, joint venture partners, trading partners and others acting on behalf of your company or providing indirect or direct materials and services to your value chain. 3rd parties can be critical to a company’s success. However, in order to realize those benefits, companies must also understand and manage the inherent risks associated with these business relationships; beyond the financial and operational risks, 3rd party risk also includes regulatory compliance as well as brand and reputational impact.

Contributors: Hiperos
Categories: Whitepaper
SRC Type: Category Specific, Marketing Services, Sourcing Management, Third Party Management