Infosys BPM

In this edition of SpendBytes, we explore the risks procurement is exposed to, and also look into the challenges that organizations face while implementing third-party risk management (TPRM). The edition also features an interesting read on why traditional approach to mitigating procurement risk may not be adequate anymore.

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Though all organizations have some degree of TPRM Program implemented, just about 10% of the organizations are confident on efficacy of these programs.

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Market Insights

Rapid shift from traditional procurement methods to a technology-led model is helping organizations mitigate risk emerging from supply chain network and related aspects.

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Understanding of risk is not just essential to build resilient supply chains, but also to have greater adaptability towards innovation.

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