Today's global and complex procurement models, with thousands of suppliers associated with the organization, make it extremely difficult to identify risks, let alone mitigate them.
Procurement teams are faced with various types of operational, financial, compliance and industry risks. GEP helps clients proactively identify third-party risks and manage them more effectively, by developing comprehensive supply risk management strategies to mitigate vulnerability and ensure business continuity.
GEP combines supply chain acumen with deep knowledge of industry-specific procurement practices and suppliers, reflecting its strong sourcing and procurement heritage. This places GEP in a unique position to help clients balance opportunity with risk as they evaluate, rationalize, and optimize their supplier ecosystems.
Three-Step Process
We typically follow a three-step process to develop a robust third-party risk management strategy for your procurement organization.
GEP's holistic approach toward third-party risk management ensures that your procurement team can handle any business uncertainties effectively.
Expertise on Demand
With two decades of experience working with procurement organizations of hundreds of Fortune 500 and Global 2000 clients across industries and categories, GEP offers unmatched expertise in third-party risk management.
Our unique combination of robust processes, big data feeds, augmented artificial intelligence, predictive analytics and reporting frameworks helps organizations proactively identify and mitigate third-party risks.
