THIRD PARTY MANAGEMENT

 

A key component of most businesses these days is that of third party management.  Many small to mid size firms are almost entirely run off external suppliers and platforms.  Whilst this has proven itself a cost efficient way of running particularly start-up businesses, it comes with significant risk.  How financially sound is your supplier?  How stable are their systems?  How well proven are your third party suppliers' recovery plans?  

All these questions will keep the modern Director awake at night.  This is where Teide Resilience can help

 

How we can help you:

 

With nearly two decades experience working with third and fourth party suppliers, Teide Resilience can undertake a wide range of active management with your own suppliers.  

 

We begin by asking your suppliers a series of minimally invasive questions and build a thorough, concise view of that supplier.  Acting on your instruction, we can then develop a bespoke or off the shelf framework for maintaining an ongoing 'health check' of your supplier(s), including questionnaires, background checks and all the time giving you assurance that your business is not unduly vulnerable to third and fourth party supplier failure.  

 

At Teide Resilience, we know the questions to ask and we know instinctively what we're looking for.