Procurement can help secure the enterprise by identifying and mitigating third-party risks. As supply chains grow and outsourcing booms, the exposure to risk grows too, making it harder to mitigate. Procurement organizations are taking a leading role in proactively identifying, mitigating, and managing these risks. However, the precise consequences of disruption are difficult to measure and quantify. Third-party risk goes beyond the supplier and affects the whole ecosystem that surrounds a business.
