Know Your Third Party (KY3P®) Transcript

Procurement is evolving. Are you?

The focus has shifted. Procurement is no longer just about commercial value.

As firms continue to outsource more core and non-core functions, supply chains are growing in size, complexity and organizational impact.

In a complex and volatile world, procurement is about delivering resilience, protecting the organization's reputation, competitive position, and market share.

The challenge

As the reliance on outsourcing grows and regulatory requirements intensify, the supply chain faces greater volatility than ever before.

The answer

It’s time to focus on the opportunities with KY3P®. The industry standard for supplier and third-party risk management

Uncover supply chain vulnerabilities and identify risk exposure, standardize onboarding and oversight processes, collect and maintain risk information efficiently to generate risk scores and drive remediation.

Take control of your supplier risk management process.

Deliver even greater strategic vision and protect your firm against risks to maximize commercial value.

Future proof your supplier risk management with KY3P by IHS Markit.

To find out more about Supplier Risk Management & Solutions, please visit KY3P® for Procurement.