In recent years, Third Party Due Diligence (TPDD) has become a critical component of effective TPRM strategies, as organizations recognize the importance of thoroughly vetting their third-party vendors. This has led to a growing demand for TPDD services and solutions, and the market for TPDD is expected to continue to grow in the coming years.
The complex TPDD market is highly fragmented, with a wide range of vendors offering different levels of DD services and solutions. This makes it challenging for organizations to navigate the market and find the right TPDD partner to meet their specific needs.
Take Strategic Due Diligence Steps
Adding to this complexity, every supply chain is unique, and there are multiple levels of DD to be considered, depending on the nature of the relationship with the third party vendor. For example, the level of DD required for a vendor providing janitorial services may be different from the level required for a vendor providing critical IT infrastructure.
Watch this on demand webinar for valuable and actionable insights into the TPDD landscape. Experts share practical advice on developing an effective TPDD program and guidance on how to select the right TPDD long-term partner.
Watch the recording to learn:
How to define the multiple levels of Due Diligence available for TPRM including name screening and discreet vs collaborative Due Diligence.
What’s the appropriate level of Due Diligence for third-party screening?
When is collaborative Due Diligence appropriate and how do third parties play a role?
Key attributes to look for in a long-term TPDD partner.
How is technology changing the way Due Diligence is conducted?