CORPORATE COMPLIANCE & LEGAL

Find and Focus on the Risks That Matter Most

The Exiger Third Party & Supply Chain Risk Management Maturity Model is designed to help managers conduct an assessment of their organization’s capabilities with respect to managing third-party and supply chain risk.

The Maturity Model allows a self-assessment of your third party risk management (TPRM) and supply chain risk management (SCRM) capabilities across four categories:

Governance, Resources and Stakeholder Engagement
Supply Chain Transparency and Technology
Risk Methodology
Evaluation and Uplift

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TRADES maturity model cube: tactical, program and strategic levels

The 6 Framework Pillars

T – Transparency of Current State
R – Risk Methodology Design
A – Assess Current Risks
D – Determine Mitigations
E – Evaluate Framework Uplift
S – Supplier Monitoring

TRADES Stages

Each facet is assessed on a five-stage rating scale:

Stage 0 – REACTIVE
fragmented program that responds to events as they occur

Stage 1 – AWAKENED
risk program structure evolving with risk owners identified

Stage 2 – PROGRESSIVE
established risk strategy and governance

Stage 3 – PROACTIVE
established program with proactive risk sensing

Stage 4 – PREDICTIVE
anticipatory posture and predictive resilience models

The model is easy to use and produces an output chart that highlights the overall capability of your organization to manage third party and supply chain risks.

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We hope you find this to be a valuable tool for understanding your risk management capabilities and areas for potential improvement.

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There are 17 questions in total, across the four categories explained above.