In today’s interconnected and fast-evolving global economy, procurement teams face unprecedented challenges in managing third-party risks. Complex supply chains with thousands of suppliers introduce layers of operational, financial, compliance, and industry-specific vulnerabilities, making it increasingly difficult to identify and mitigate potential disruptions.
GEP empowers clients to proactively identify and manage third-party risks by delivering comprehensive supply risk management strategies to enhance resilience 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.
ALM Intelligence
Strategic Risk Management in Three Steps
GEP's holistic approach toward third-party risk management ensures that your procurement team can handle any business uncertainties.
Risk Assessment
We begin by identifying risks through a comprehensive, organization-wide assessment to pinpoint potential issues. This assessment uses relevant metrics, diverse inputs and augmented data analysis for an accurate overview of the current landscape. We then score and prioritize risks based on their likelihood of occurrence and potential impact on the business.
Risk Mitigation
We know that a risk management plan alone isn’t sufficient. We help monitor and track the effectiveness of your risk mitigation initiatives in real-world scenarios.
Our proprietary risk management tools and insightful dashboards are designed to facilitate interactions with suppliers and operational stakeholders, enabling timely, informed decisions. We collaborate closely with our clients to develop contingency measures and create business continuity plans tailored to your specific organizational needs.
Governance & Reporting
After identifying and prioritizing risks, we create a comprehensive risk mitigation plan addressing short-term, medium-term and long-term concerns. GEP assists clients in selecting the appropriate individuals to implement the risk management plan, assigning responsibilities and establishing escalation protocols for managing these risks.
Expertise on Demand
With decades of experience supporting Fortune 500 and Global 2000 clients across industries and categories, GEP delivers unparalleled expertise in third-party risk management.
Our unique blend of robust processes, big data insights, augmented AI, predictive analytics and reporting frameworks empowers organizations to proactively identify and mitigate third-party risks.
