As we adopt more outsourcing and shared service models, the impact of third parties on our success is growing. Additionally, as our visibility and influence decrease, we are taking on more and more responsibility for the risks that exist in our supply chains. These risks are considerably difficult to control.
The primary elements of a strong and efficient third party risk management framework and process are examined in this video, along with how they may be implemented as a part of your broader enterprise risk management framework.
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