From Insight to Impact: Analytics-Led Third-Party Risk Performance Management
Against this backdrop, this Executive Insight Report from ProcureAbility, in partnership with The Hackett Group, explores this disconnect, examining where third-party risk performance management (TPRM) programs are falling short and how leading organizations are closing the gap.
Key insights in this report include:
75% of procurement organizations are not implementing advanced risk programs, primarily due to gaps in data and analytics.
62% report that a mature supply risk management approach is only partially deployed due to limited development of practices, processes, or systems.
13% report that there is no formal approach to supply risk management.
Although 90% of these organizations are monitoring supplier risks (financial, location, etc.), only 7% of them are modeling future disruption scenarios.
Access the full insights to see how leading organizations are turning third-party risk performance management into a source of enterprise value.
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