As your supply chain grows and you rely more and more on third-party relationships to meet your objectives, the job of monitoring and managing these relationships grows.

Effectively managing multiple third-party suppliers means building risk management into the contracts, continually evaluating the suppliers’ work and assigning resources in proportion to the risk a supplier represents.

Organizations must understand what their total sourcing landscape looks like, how healthy relationships are with each supplier and the potential risk they bring to the enterprise.

This ISG white paper explores the trends that affected the smart manufacturing sector going into the COVID-19 pandemic and the trends that are most likely to affect it coming out of the pandemic.

The ISG TPRM Lifecycle Framework and the third-party management platform GovernX® enable organizations to leverage data analytics to develop predictive and proactive risk avoidance capabilities.