Test your knowledge with our Third Party & Supply Chain Risk Management Quiz.

Extending business activities beyond organisational boundaries to create value for the organisation is not new.

However, the quantity and complexity of the relationships that now exist beyond organisational boundaries is increasing, as is regulatory and stakeholder scrutiny. While partnerships with third parties, including critical suppliers, can be beneficial to the organisation on so many levels, such alliances can expose the organisation to many unknowns, and those unknowns will undoubtedly increase the level of risk.

The key, then, is properly managing the infrastructure, systems, staff and outside support to adequately manage that risk.

How much do you know?