ISG Supplier Risk Exposure Scorecard™
Know your suppliers. Reduce your risks.
Every unmonitored supplier represents a potential risk to your business.
ISG Research shows that the average large organization depends on over fifty-six critical service providers for IT and business operations. This number is rising as companies engage additional providers to handle specialized work in key areas such as AI, cybersecurity and data engineering and more.
Stricter regulations and compliance requirements are making it increasingly challenging to effectively manage risk exposure with service providers. The consequences of failing to identify and manage risk could leave your business vulnerable to long-term business value erosion.
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Overall Supplier Risk and Performance
As companies seek to safeguard their operations, meet regulatory standards and ensure sustainable growth, third-party risk management has emerged as a crucial aspect of supplier governance. At ISG we understand the need for greater transparency and oversight into third-party risk. With increased scrutiny from regulators and investors, we know that understanding risks and how they are managed has become vital to boardroom agendas.
No one wants to be called in front of the board – or fined by auditors – for failing to know about and manage a supplier risk. Being reactive is acting too late. Effective risk management requires leaders at all levels to actively participate in the governance of third-party relationships.
Frequently Asked Questions:
ISG Supplier Risk Exposure Scorecard offers 360° visibility into your supplier ecosystem to mitigate risk, ensure compliance and drive continuous business improvement. It empowers you to make data-driven decisions so you can protect your business today and stay competitive for tomorrow.
ISG Supplier Risk Exposure Scorecard is a detailed risk-scoring mechanism. It allows you to view supplier risk across your portfolio in an intuitive interface to help you and your teams stay ahead of supplier risks – before they become problems.
ISG Supplier Risk Exposure Scorecard streamlines risk reporting and brings accurate and actionable intelligence to your fingertips for your most critical third-party suppliers. We make it easy to keep a pulse on risk and compliance issues, facilitating informed executive decision-making. ISG Supplier Risk Exposure Scorecard provides both a high-level, easy-to-understand view of risks, and the granular insights needed to engage in effective risk mitigation.
What makes up the ISG Supplier Risk Exposure Scorecard?
Three layers of granular visibility allow you to see the performance metrics of all your critical suppliers. We enable rolled-up reporting for executive oversight and drill-downs for detailed insights and actions. With a clear view of risk at the supply chain level and individual supplier level, as well as a risk mitigation action summary, you get both the big picture and the fine details – exactly when you need them.
A clearly structured framework centralizes essential information into a single, easy-to-read view, allowing you to instantly pinpoint risk hotspots and focus on the high-risk relationships.
Optimized for board-level reporting, ensuring directors are empowered to actively participate in risk mitigation strategies and effectively support key remediation initiatives.
Brings clarity and efficiency to risk reporting, reinforcing governance standards across the organization and strengthening overall risk control.
Unparalleled experience and insights from ISG’s deep sourcing advisory work and contract knowledge database. We are the best partner to help you see your supplier risks clearly, and act confidently.
Why partner with ISG?
Expertise
ISG is a pioneer in supplier and contract management with 30 years of experience in this space.
Trusted Advisor
We advise 75 of the top 100 enterprises in the world. Our insights and experience are unparalleled.
Innovation
We hold numerous patents in contract/clause recommendation, bringing innovation and leading-edge solutions.
End-to-End Solutions
Our Supplier Risk Exposure Scorecard is not just a product – ISG services include expertise on resolving your supplier issues through advisory, re-baselining or benchmarking activities.
Sourcing Leader
ISG drives 50% of the sourcing transactions globally, influencing over $200B in enterprise technology spend annually. We know a red flag when we see one – and we’ll help you stay ahead of them.
