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Our expert advisors help you build an effective Third-Party Risk Management (TPRM) strategy in five structured steps:
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Supplier Shield Advisory offers expert guidance in Third-Party Risk Management (TPRM), helping organizations identify, assess, and mitigate risks associated with their suppliers and vendors.
Our advisory services provide a structured approach to TPRM, ensuring your organization aligns with regulations and implements best practices to manage third-party risks effectively.
Industries such as financial services, manufacturing, healthcare, pharmaceuticals, and retail can significantly benefit from our tailored TPRM solutions.
Our process includes: 1) Understanding your risk landscape, 2) Designing a scalable TPRM framework, 3) Categorizing and tiering suppliers, 4) Turning insights into actions, and 5) Ensuring continuous improvement.
We evaluate your regulatory, compliance, and security requirements to understand potential vulnerabilities in your supply chain.
We develop customized policies, processes, and governance models tailored to your organization's specific needs and industry standards.
Suppliers are assessed based on their criticality to your operations and the potential risks they pose, allowing for prioritized risk management.
We collaborate with your team to develop and implement action plans that address and mitigate identified risks effectively.
Our services align your TPRM practices with current regulations and standards, ensuring compliance and reducing legal risks.
Yes, our solutions are designed to integrate seamlessly with most procurement and risk management platforms, enhancing your existing processes.
We adhere to strict data protection protocols, ensuring that all information is securely managed and compliant with relevant data privacy laws.
Our advisory services focus on providing strategic guidance and framework development, while our managed services handle the ongoing execution and monitoring of TPRM activities.
No long-term commitment is necessary; our services are flexible to meet your organization's specific needs.
Costs vary based on the size and complexity of your supply chain; we offer tailored pricing to ensure value for your investment.
Clients typically observe initial improvements within 4 to 6 weeks of engagement.
We provide continuous support, including regular reviews, updates, and strategic recommendations to maintain and enhance your TPRM program.
Contact us for an initial consultation to discuss your organization's needs and how our advisory services can assist you.
We offer ongoing monitoring, updates, and continuous improvement support to ensure your TPRM framework remains effective and up-to-date.
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