Best Practices
Effective TPRM Foundations: Building Business Continuity And Operational Resilience To Strengthen Supply Chains
This paper delves into how operational resilience and business continuity planning are key to building a robust, risk-resilient supply chain. It shows how organizations can enhance their Third-Party Risk Management (TPRM) by using measurable metrics to assess supplier performance, identify risks, and close gaps. By aligning vendors with resilience goals, companies can fortify their supply chains against disruption. The paper also offers practical examples of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) to help tailor resilience metrics to specific needs.