Find and Focus on the Risks
That
Matter Most
- Governance, Resources and Stakeholder Engagement
- Supply Chain Transparency and Technology
- Risk Methodology
- Evaluation and Uplift
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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.
We hope you find this to be a valuable tool for understanding your risk management capabilities and areas for potential improvement.
There are 17 questions in total, across the four categories explained above.
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