The growing dependence of companies on vast, interconnected digital ecosystems is radically reshaping how cyber risk must be approached. The 2025 edition of the TPRM Observatory, conducted by Board of Cyber and CESIN, confirms a now-central trend: cyber risk from suppliers is no longer peripheral — it has become strategic, and is now recognized as […]
Quick answer: TPRM silos fragment third-party governance across Procurement, Legal, Compliance, Finance, and IT, which increases duplicate work and slows risk decisions. A TPRM platform can centralise supplier data into a single system of record and help teams run collaborative assessments. In large deployments, this approach has been associated with 25% administrative time saved (about […]
European TPRM: Third-Party Risk Management (TPRM) has become a key priority for European businesses. Increasing regulatory demands, growing reliance on critical suppliers, and the surge in cyber incidents place third parties at the center of risk management. In this context, an all-in-one European TPRM approach addresses specific constraints that generic solutions often fail to meet. […]
Environmental, Social, and Governance (ESG) integration in procurement — the structured assessment of suppliers against environmental, social, and governance criteria throughout the sourcing lifecycle — has shifted from a reporting exercise to a strategic performance lever. Quick answer: Building an effective procurement ESG strategy requires four elements: risk-based supplier segmentation, a structured evaluation methodology aligned […]
The Class C Supplier Paradox In most organizations, the management of Class C suppliers is built on a well-known paradox: they represent only about 20% of total procurement spend, but consume nearly 80% of the procurement team’s time. These suppliers, often non-strategic and outside of core production, generate a high volume of invoices, administrative tasks, […]
Why evaluate temp agencies and temporary workers? Temporary staffing agencies play a key role in your value chain: they provide personnel who are directly involved in your processes—sometimes in sensitive or regulated tasks. By fully integrating them into your TPRM/TPGRC framework, you strengthen operational reliability and reduce long-term risks associated with external collaborators. Temp agencies […]
In today’s economy, dependence on third parties—suppliers, service providers, partners—is both a source of value and risk. Evaluating and managing these risks is no longer optional; it’s essential for security, compliance, and business continuity. Yet one major internal barrier continues to slow down these critical processes: organizational silos. The Trap of Internal Silos Third-Party Risk […]
Reducing repetitive administrative tasks is one of the top priorities for Procurement Departments—so teams can focus on strategy, performance, and supplier relationships. The current landscape only adds pressure. Procurement professionals juggle multiple demands alongside increasing risks: climate, geopolitical, social—not to mention the classic ones: financial, environmental, cybersecurity, and human rights-related. SRM tools offer a first […]
Global deforestation is one of the leading drivers of climate change and biodiversity loss. According to the FAO, nearly 10 million hectares of forest disappear every year, mainly due to agricultural expansion. As the world’s second-largest importer of embedded deforestation, the European Union has decided to act. It is in this context that Regulation (EU) […]
