Tailoring Your Supplier Strategy: Managing Direct and Indirect Relationships

by Sri Gopinath

As procurement continues to evolve in complexity and scope, several requirements could differ between direct and indirect suppliers. While Procurement teams are tasked with managing both direct and indirect suppliers, each category plays a unique role in delivering value.  This requires supplier management strategies and selection criteria that could be different, managed by stakeholders who may also be different. Trust Your Supplier (TYS) offers a comprehensive platform designed to streamline supplier management across the entire supply chain.  

Understanding Direct and Indirect Suppliers

Direct Suppliers
They are providers of goods or services directly incorporated into a company’s end-product. A direct material supplier provides raw materials, components or subassemblies that are directly used in the manufacturing process of a company’s products. For example, a steel supplier for an automobile manufacturer or a cloud services provider supporting a software firm’s hosted solutions. Relationships with direct suppliers are collaborative, and tend to be long-term, focusing on consistent quality and reliability with recurring demand patterns over the product life cycle.  

Indirect Suppliers
These suppliers support the company’s needs for production and overall internal operations without being integrated into the final product. They encompass a broad range of goods and services, from production line spare parts and office supplies to software subscriptions, research & development, facilities management. The need for these products and services can vary greatly from month to month.  

Managing Direct Suppliers

Effective management of direct suppliers is crucial, given their impact on product total cost of ownership, quality, and delivery timelines. Key strategies include: 

  • Risk Management: Ensuring suppliers maintain necessary certifications and comply with industry standards to meet regulatory requirements
  • Operational Compliance: Verifying that suppliers adhere to company policies, including insurance coverage and ethical practices
  • Proactive Mitigation: Understanding and staying ahead of potential company exposure due to supplier factors is critical to preventing potential negative impact from social, sanctions, and reputational perspectives
  • Collaborative Planning: Engaging in joint forecasting and innovation initiatives to enhance product development and address potential issues proactively
  • Supplier Key Information: Gathering key information from suppliers to facilitate operations and transactions – e.g., business license, tax forms, bank account for transactions, etc. 

Trust Your Supplier (TYS), facilitates these needs through the creation of a secure digital wallet for each supplier with key information that is independently verified, along with: 

  • A centralized repository for certifications and essential documents 
  • Digitally enabled customizable workflows and questionnaires for onboarding 
  • Continuous monitoring of relevant company information 
  • Reports and visual dashboards for ongoing performance management

Tools for Managing Indirect Suppliers with TYS

While TYS provides similar firmographic information for suppliers, managing indirect suppliers may need to be set up differently due to unique needs, separate approval structure, etc. TYS supports this through: 

  • Bank Validation: Independent verification of banking information of information provided by suppliers to reduce the risk of fraud and create a traceable and verified process for managing account changes
  • Rapid Onboarding and Offboarding: While questionnaire capabilities are similar to direct suppliers, indirect supplier questionnaires and workflows may need to be set up differently to accomplish the onboarding and continuous monitoring process while ensuring compliance needs
  • Supplier Discovery: The supplier secure digital wallet created through registration on the TYS platform provides access to a network of vetted and trusted suppliers, enabling quick identification, outreach, and engagement of new suppliers as needs arise
  • Compliance Assurance: Implementing standard workflows that guide internal teams through the necessary steps and decision recommendations to onboard suppliers with full confidence

The evolving procurement environment demands efficient and effective management of both direct and indirect supplier relationships. By recognizing the distinct characteristics of each and employing tailored strategies, businesses can optimize their supply chains, mitigate risks, and enhance overall performance. Trust Your Supplier stands ready to support organizations in achieving these objectives through its robust supplier management platform. 

Untangling Supplier Data: The Hidden Risks in Your Procurement Systems

The Problem: Disconnected Supplier Data

Many organizations believe their procurement and supplier management processes are working smoothly—until they take a closer look. Procurement leaders often rely on multiple systems, such as ERP platforms, risk intelligence providers, and supplier management tools, each handling a different piece of the supplier lifecycle. While these systems may function well in isolation, the lack of integration creates data silos, inefficiencies, and risks that can go unnoticed until a disruption occurs. 

Imagine this common scenario: A procurement leader insists their internal systems manage supplier data effectively. But when asked where banking validation occurs, they reference their ERP. Supplier onboarding? That happens in a separate workflow tool. Risk profiling? That data sits in multiple third-party solutions that offer no integrated view. And ongoing supplier updates? Those are rarely monitored in real-time and often are updated only at contract renewal.  

This disconnected approach leads to manual data entry, duplicate records, and outdated information—all of which expose businesses to financial, operational, and reputational risk. 

The Hidden Costs of Dirty Data

Supplier data inconsistencies may seem like only an administrative headache, but they can also have significant financial implications. Consider these risks:

  • Compliance Failures: Outdated supplier information can lead to non-compliance with regulations such as DORA, SCDDA, and ESG mandates, resulting in fines and legal action. 
  • Fraud & Payment Errors: Manually entered bank details increase the risk of fraud and payment misdirection. 
  • Operational Bottlenecks: A lack of real-time updates causes delays in supplier vetting, onboarding, and risk assessment, slowing down procurement cycles. 
  • Missed Risk Signals: Without a unified view, businesses may overlook financial instability, sanctions, or cybersecurity vulnerabilities in their supplier base. 

The Business Case for a Centralized Supplier Data Solution

Procurement leaders facing resource constraints and growing regulatory complexity need a better way to manage supplier data. A centralized, integrated approach—like the one offered by Trust Your Supplier (TYS)—eliminates data silos, ensuring that supplier information is accurate, up-to-date, and easily accessible. 

With TYS, organizations can: 

  • Automate Supplier Onboarding & Updates: Streamline data validation and risk profiling across multiple sources.  TYS integrates with multiple risk data providers, allowing you to seamlessly bring 3rd party risk analysis and insights into the platform. 
  • Ensure Compliance & Reduce Risk: Maintain up-to-date supplier information to align with regulatory requirements.  TYS’ Connect allows suppliers to securely store up-to-date documentation, including validated bank account information, in one place.  
  • Enhance Decision-Making: Gain a holistic view of supplier risk and performance with real-time insights. Drill down into key data points and access supplier profiles directly from dynamic reports. 
  • Reduce Costs & Improve Efficiency: Minimize manual work, reduce errors using TYS’s intelligent workflow modeling to accelerate procurement cycles and leading to measurable ROI.  

In today’s volatile business environment—where geopolitical risks, cyber threats, and supply chain disruptions are increasing—accurate supplier data is not just a convenience, but a necessity. Companies investing in a comprehensive supplier management solution like TYS gain not only operational efficiencies but also a competitive advantage. By eliminating data chaos and ensuring real-time visibility, procurement teams can make faster, smarter decisions that protect their business and drive long-term value. 

The question isn’t whether businesses can afford to centralize supplier data—it’s whether they can afford not to. 

Stay ahead of the latest supplier management insights! Follow us on LinkedIn for expert tips, industry trends, and updates from Trust Your Supplier. 

Beyond Compliance: Future-Proofing Your Supplier Network for ESG & Risk Challenges

Strong supplier compliance isn’t just about meeting regulations—it’s about protecting your business, your reputation, and your bottom line. Companies are under increasing pressure to ensure their supplier networks align with ESG standards, ethical sourcing practices, and evolving regulations. Yet, many struggle with fragmented data, manual processes, and limited visibility into supplier risk. 

The Compliance Challenge: A Shifting Landscape

Regulatory requirements are surging worldwide, covering areas such as: 

  • Environmental & Sustainability Standards (e.g., carbon reporting, deforestation laws) 
  • Data Privacy & Security (e.g., GDPR, cross-border data regulations) 
  • Anti-Bribery & Corruption (e.g., FCPA, UK Bribery Act) 
  • Labor & Employment Laws (e.g., fair wages, modern slavery acts) 

With ESG regulations alone increasing 155% since 2011*, businesses must adopt proactive compliance strategies to avoid reputational risks, supply chain disruptions, and financial penalties. 

Rethinking Supplier Compliance: A Smarter Approach

Traditional compliance methods rely on manual audits, periodic reporting, and static assessments. But to future-proof supplier networks, organizations need real-time insights, automated workflows, and AI-driven risk mitigation. 

Here’s what an effective compliance strategy should include: 

  • End-to-End Supplier Lifecycle Management – From discovery to onboarding, continuous compliance tracking ensures suppliers meet evolving requirements. 
  • Automated Risk Assessments – Dynamic questionnaires and AI-powered risk scoring streamline supplier evaluations. 
  • Integrated ESG & Risk Data – Seamlessly incorporating third-party risk intelligence enables more informed decision-making. 
  • Predictive Alerts & Workflow Automation – Proactively assigning compliance actions prevents potential violations before they escalate. 

From Obligation to Competitive Advantage

For many organizations, compliance is seen as a regulatory burden—an obligation that must be met to avoid fines or reputational damage. However, forward-thinking companies are shifting their perspective. Strong compliance and sustainability practices don’t just mitigate risk; they open doors to new business opportunities, strengthen supplier relationships, and enhance brand reputation. 

To turn compliance into a strategic advantage, businesses need the right tools—ones that simplify processes, provide predictive insights, and enable proactive decision-making. 

How Trust Your Supplier (TYS) Enables Seamless Compliance & Risk Management

With TYS, you gain the tools to proactively manage supplier compliance, mitigate risks, and streamline your supplier life cycle. TYS ensures that compliance is not just a checkbox—but a catalyst for resilience and growth. By leveraging our advanced analytics, real-time monitoring, and integrated risk data, you can stay ahead of regulatory changes, protect your brand reputation, and drive long-term resilience.  

Ready to take control of your supplier compliance? Reach out to learn more about how TYS can help you transform your approach and safeguard your business today. 

*Gartner, How Regulatory Complexity Will Shape the Future of Procurement, 2024 

Introducing TYS Connect: A Smarter, More Intuitive Supplier Portal

TYS Connect introduces a sleek, user-friendly design that empowers suppliers to manage their profiles, update documents, and connect with your procurement, risk, and compliance teams in a more streamlined way. This new portal simplifies processes, creating a smoother workflow for everyone involved.

For Suppliers:
TYS Connect provides faster navigation and profile management, making it easier for suppliers to update their information quickly. It also streamlines processes, reducing delays and accelerating transactions, which leads to a more efficient experience for all parties.

For Procurement, Risk, and Compliance teams:
With these improvements, suppliers now have an easier, more intuitive platform that enhances collaboration, reduces friction in communications, and accelerates transactions. This results in a smoother workflow for procurement teams, allowing them to focus on strategic goals while the supplier experience is handled more efficiently.

A New Era of Supplier Collaboration

The launch of TYS Connect marks an exciting step forward in simplifying and strengthening supplier relationships. As the business landscape becomes increasingly digital, it’s more important than ever to ensure that procurement teams and suppliers can work together seamlessly. With TYS Connect, suppliers now have a platform designed to make their experience easier, while procurement teams benefit from streamlined processes that help them drive efficiency and value across the supply chain.

Trust Your Supplier Recognized at the Center of Dr. Elouise Epstein’s Spider Map—For the Third Time

Trust Your Supplier (TYS) is proud to announce that we have once again been positioned at the center of Dr. Elouise Epstein’s Spider Map (the Modern Procurement Platform Stack), marking our third consecutive appearance in this prestigious spot. This recognition highlights the strength of our platform and its impact on the procurement technology landscape.

Dr. Epstein’s Spider Map has long been a definitive guide to understanding the evolution of procurement technology, shining a spotlight on the most innovative solutions in the industry. TYS’s consistent placement at the heart of the map signifies our leadership in supplier management, our dedication to empowering suppliers, and our role in driving transformation across the procurement ecosystem.

Our platform continues to deliver value by streamlining supplier data ownership, enhancing compliance processes, and providing robust tools for managing supplier risk. These capabilities reflect the innovation and impact that have earned us this recognition.

We are honored to be recognized among the top innovators in procurement technology and are deeply grateful for the trust of our customers and partners. This milestone reinforces our mission to transform supplier management and drive progress in the industry.

Transforming Procurement into a Strategic Function: The Key to Supply Chain Success

As businesses operate in increasingly complex and interconnected environments, procurement is no longer just a tactical or transactional function. As global supply chains become more complex, organizations are recognizing the need to elevate procurement to a strategic level. This shift not only improves efficiency but also helps organizations drive growth, reduce costs, and mitigate risk—ultimately creating a competitive advantage.

Why Procurement Needs to Evolve

Procurement has traditionally been seen as a back-office function—focused primarily on purchasing goods and services, negotiating contracts, and ensuring that suppliers deliver on time and within budget. However, as businesses face new challenges—such as supply chain disruptions, regulatory pressures, sustainability demands, and digital transformation—procurement has become too important to be treated as merely transactional. 

Today, procurement is being recognized as a strategic function that plays a critical role in:

  • Driving Innovation: By identifying and sourcing the latest technologies, services, and solutions, procurement teams can support innovation within the organization. 
  • Managing Risk: Supplier risk management is a key concern, especially with the rise of cybersecurity threats, geopolitical instability, and supply chain disruptions. Procurement can help mitigate these risks through better supplier selection and performance monitoring. 
  • Improving Cost Efficiency: Strategic procurement focuses on value rather than just cost. By optimizing supplier relationships and fostering collaboration, procurement teams can negotiate better deals and unlock savings. 
  • Enhancing Sustainability and Compliance: As organizations face increased pressure to meet sustainability goals and comply with evolving regulations, procurement teams are becoming integral to ensuring responsible sourcing and compliance with environmental, social, and governance (ESG) standards. 

The Role of Data in Strategic Procurement

One of the biggest enablers of this transformation is data. With the right tools and technologies, procurement teams can leverage data-driven insights to make smarter, more informed decisions. The ability to access real-time data about supplier performance, financial health, and risk factors is essential for managing complex supply chains and aligning procurement with the organization’s broader strategic goals. 

But simply having access to data isn’t enough. Procurement teams need tools that can help them analyze this data effectively and collaborate seamlessly across departments and with external partners. The integration of advanced technologies like artificial intelligence, machine learning, and blockchain into procurement processes is helping organizations gain a competitive edge by improving visibility, decision-making, and operational efficiency. 

Procurement’s New Role in Building Resilience

The recent global disruptions, such as the COVID-19 pandemic, have shown how vulnerable traditional supply chains can be. Organizations are now more focused than ever on building resilience within their supply chains. This includes diversifying suppliers, ensuring a transparent supply chain, and adopting more agile procurement practices. 

Procurement teams have an essential role to play in this process. By strategically sourcing from a diverse pool of suppliers, evaluating suppliers’ financial health, and continuously monitoring supplier performance, procurement can help mitigate potential disruptions and ensure business continuity. 

How Trust Your Supplier (TYS) Supports Strategic Procurement

As procurement continues its transformation into a strategic function, Trust Your Supplier (TYS) provides the tools and capabilities organizations need to make it happen. 

TYS leverages blockchain technology and integrated data from trusted risk intelligence providers to help organizations streamline supplier discovery, onboarding, and lifecycle management. The platform empowers procurement teams with real-time insights into supplier activity, financial stability, and compliance, enabling smarter decision-making and reducing risks across the supply chain. 

Key features of Trust Your Supplier include: 

  • Supplier Discovery and Pre-Qualification: Quickly identify and assess suppliers based on your specific criteria, including financial health and regulatory compliance, ensuring alignment with your organization’s strategic goals. 
  • Risk Management: TYS integrates with risk intelligence providers like D&B, Moody’s, and RapidRatings, giving procurement teams the ability to proactively manage supplier risks and make data-driven decisions. 
  • Collaboration and Transparency: TYS fosters collaboration across teams by offering centralized workflows for supplier communication, contract management, and compliance monitoring. This visibility and collaboration drive efficiency and ensure alignment with broader business objectives. 

By using TYS, organizations can transform their procurement operations into a strategic powerhouse that drives value, mitigates risks, and supports long-term business growth. 

The future of procurement lies in its ability to contribute strategically to business success. By focusing on value, innovation, and risk management, procurement teams can unlock their full potential as strategic drivers of organizational growth. With the right tools, like Trust Your Supplier, organizations can elevate procurement to new heights—turning it into a critical function that not only keeps the supply chain running but also helps shape the future of the business. 

Rethink and De-risk the Automotive Supply Chain

The automotive industry is navigating an era of unparalleled disruption. Manufacturers face immense pressure to boost efficiency, reduce costs, and shield their supply chains from risk. To thrive, automotive leaders must reorient their approach and adopt innovative strategies that drive savings, improve profitability margins, and ensure uninterrupted operations. By rethinking traditional practices and leveraging new technologies, manufacturers can future-proof their operations and maintain a competitive edge.

Key Areas of Focus:

  1. Global Sourcing Complexities
  2. Supplier Risk Management (Financial & Cyber)
  3. Regulatory Compliance
  4. Collaboration & Standardization 

Global Sourcing Complexities

Automotive supply chains are among the most complex and interconnected globally, involving thousands of components sourced from numerous suppliers across different regions. Any delay or shortage can have a ripple effect, halting production lines and negatively impacting revenue and profit margins. Furthermore, safety recalls—particularly those driven by NHTSA compliance standards—add another layer of complexity, making visibility into multi-tier supplier relationships essential for effective risk management. 

To tackle these challenges, manufacturers are increasingly diversifying their supplier base and adjusting from just-in-time inventory models to more resilient, multi-source strategies. However, this also introduces increased workload as companies now need to discover, qualify, and maintain relationships with suppliers across multiple regions. Without the right tools, bottlenecks in this process can slow down the entire value chain. 

Additionally, The Hackett Group’s 2024 Procurement Agenda and Key Issues Study findings show that 43% of current supplier onboarding/portal technology solutions fell short of expectations as rated by procurement executives in this annual survey

Trust Your Supplier (TYS) equips manufacturers to manage these global sourcing complexities by streamlining supplier discovery and onboarding. Manufacturers can quickly identify trusted suppliers, reducing the onboarding cycle by up to 90%. This acceleration drives operational savings, improving both time-to-market and profitability. The platform also ensures visibility into parent-child business relationships, helping manufacturers stay compliant with critical safety standards, such as those mandated by the NHTSA, to mitigate risk across the entire supply chain. 

Supplier Risk Management (Financial & Cyber)

Given its extensive supplier networks, the automotive industry is vulnerable to numerous risks. Whether it’s the financial instability of a supplier, geopolitical tensions, or the growing threat of cyberattacks, manufacturers must be prepared to manage these challenges without slowing production. 

  • Financial Viability: Suppliers’ financial health is essential to continuous operations. Any financial instability can lead to delays, product shortages, or even production stoppages, significantly increasing costs. 
  • Geopolitical Risks: Tariffs, trade wars, or sudden regulatory changes can disrupt the supply of essential components, affecting both costs and availability. 
  • Cybersecurity Threats: With the industry’s increasing reliance on digital connectivity, cyberattacks on suppliers can lead to data breaches, operational disruptions, and intellectual property theft. 

 

The Hackett Group’s 2024 Procurement Agenda and Key Issues Study also found that strengthening third party risk management, visibility and capability remain one of the top ten priorities of procurement leaders. 

TYS leverages integrated data from partners such as D&B and Maplecroft, and advanced analytics to provide a holistic view of supplier risks. By monitoring financial stability, geopolitical changes, and cybersecurity threats, manufacturers can proactively address potential disruptions. This agility helps them not only manage risk but also protect their profit margins from the costly effects of production delays or security breaches. 

Regulatory Compliance

Operating in a highly regulated environment, automotive manufacturers need to adhere to strict standards governing safety, emissions, and labor practices across different regions. Failure to comply with these regulations can result in severe penalties, including costly fines, product recalls, and damage to brand reputation. Given the global nature of the automotive supply chain, ensuring that suppliers across all tiers adhere to these diverse and stringent regulations is critical. Regular audits and assessments are essential to verify that suppliers meet industry standards, which helps avoid potential legal issues and maintains the integrity of the manufacturing process. 

With regulatory bodies like the Environmental Protection Agency (EPA) in the U.S. and the European Union’s strict emissions regulations, manufacturers must ensure compliance not only for themselves but also for their entire supply chain. This includes meeting the requirements for environmental impact, vehicle safety, and ethical labor practices. 

TYS provides tools to help manufacturers efficiently manage regulatory requirements and maintain transparency across their supply chains. Here’s how TYS supports compliance: 

Identify and Address Requirements: TYS fosters open communication channels within industry verticals to identify and address compliance requirements and issues. This proactive approach helps automotive manufacturers stay ahead of regulatory changes and ensures that compliance strategies are aligned with industry standards. 

Smart Questionnaires: Utilize TYS’s predictive and dependent questionnaires for periodic supplier evaluations. This ensures ongoing compliance with stringent industry standards. Our standardized repository of regulatory questionnaires allows suppliers to share critical compliance information across their buyer community, enhancing transparency and simplifying compliance management. 

Automated Approvals and Dependency Workflows: Automate approval processes and manage dependency workflows with TYS. This reduces manual effort, minimizes delays, and ensures that compliance requirements are met efficiently and accurately, freeing resources for other essential tasks. 

Regular Compliance Monitoring: TYS offers continuous compliance monitoring with periodic evaluations to ensure that suppliers consistently adhere to regulatory standards. This ongoing oversight helps mitigate potential disruptions and legal risks, addressing compliance issues before they escalate. 

Collaboration & Standardization

Effective supply chain management requires strong collaboration, both internally across departments and externally with suppliers. However, achieving this level of coordination is challenging, especially when different teams work in silos or suppliers have varied processes. Misalignment can lead to inefficiencies, delays, and increased costs, compromising a manufacturer’s ability to respond to market shifts or regulatory changes swiftly. 

For the automotive sector, a standardized approach is critical—not only to ensure consistent quality but also to comply with regulatory standards like those of the NHTSA. Inconsistent documentation, communication gaps, and misaligned supplier management processes can lead to non-compliance and costly recalls. 

TYS enhances collaboration and standardization by providing procurement, supply chain, risk, and compliance teams with access to the same trusted data, ensuring seamless communication and informed decision-making across departments. Externally, TYS supports supplier collaboration through a standardized framework that ensures consistent documentation, communication protocols, and compliance metrics. With real-time analytics and reporting, manufacturers can monitor supplier firmographics and risks, allowing for proactive management and stronger, more efficient partnerships across the global supply chain. 

Trade Tensions & Tariffs

As global trade tensions escalate and tariffs reshape sourcing strategies, the automotive industry faces a new layer of uncertainty. Tariff shifts can instantly change supplier viability and significantly impact costs and production timelines — especially for global manufacturers with deep multi-tier supply chains. 

Trust Your Supplier enables automotive manufacturers to respond quickly to these changing conditions by providing real-time visibility into supplier risk, including financial health, geopolitical exposure, and ownership structures. This intelligence empowers procurement and supply chain teams to make faster, more informed decisions about supplier diversification and continuity — reducing the risk of costly disruptions tied to shifting trade policies. 

Driving Toward a Resilient Future

As the automotive industry faces mounting pressures, the need to rethink and de-risk the supply chain has never been more urgent. TYS empowers manufacturers to streamline supplier management, enhance regulatory compliance, and mitigate risks, all while driving accelerated savings and improving profitability margins. By adopting a more agile and proactive approach to supply chain operations, manufacturers can strengthen their resilience, reduce costs, and stay ahead of disruption. With TYS, the future of the automotive supply chain is not just secure—it’s optimized for long-term success. 

 

TYS & BT Sourced Winners of a SIG Future of Sourcing Award!

We are beyond excited to announce that Trust Your Supplier (TYS) and BT Sourced have WON the Innovation in Supplier Performance Award at the 2024 SIG Future of Sourcing Awards! 🏆

This incredible achievement is a testament to the power of collaboration, innovation, and a shared vision for transforming procurement. Together with BT Sourced, we’ve driven impactful improvements in supply chain transparency, efficiency, and performance.

A huge thank you to our amazing TYS team, the BT Sourced team, and SIG|ORG. This is just the beginning as we continue to push the boundaries of what’s possible in supplier management!

Learn more about the Future of Sourcing Awards

Learn more about the TYS & BT Sourced collaboration

 

Trust Your Supplier Recognized in Fall 2024 Spend Matters SolutionMap

We are excited to announce that Trust Your Supplier (TYS) has been recognized in the Fall 2024 Spend Matters SolutionMap, which evaluates leading procurement technology solutions. This recognition places TYS among the key providers in three essential areas of supplier management and risk visibility:

1. Supplier Management (SXM)

TYS has been acknowledged for its ability to streamline supplier information management, performance, and compliance. Our platform integrates with a variety of procurement tech stack solutions, allowing organizations to access up-to-date, verified supplier data for more efficient collaboration and decision-making. TYS enables businesses to centralize supplier management, ensuring seamless operations across different procurement systems.

2. Supplier Management (Risk Enhanced)

In this category, TYS stands out by integrating risk data from leading third-party providers. TYS enables organizations to view and monitor comprehensive risk insights within supplier profiles, including environmental, financial, and geopolitical risks. By automating alerts and approvals based on this data, TYS helps businesses stay proactive in managing supplier risks, ensuring they can act quickly to address emerging threats.

3. Risk Management (TPRM/SCRM)

TYS’s recognition in the Third-Party Risk Management (TPRM) and Supply Chain Risk Management (SCRM) category highlights our ability to provide visibility into third-party risks across the entire supplier network. Through integrations with trusted risk intelligence providers, TYS allows businesses to monitor risks at multiple levels of their supply chain. Automation within TYS helps trigger appropriate actions and approvals, ensuring companies can respond efficiently to risk alerts.

Why This Recognition Matters

The Spend Matters SolutionMap is known for its rigorous, data-driven evaluation process, including over 500 RFI requirements and impartial customer feedback. Being recognized across these categories validates TYS’s role as a trusted solution provider, empowering organizations with tools to manage suppliers and gain visibility into potential risks.

How TYS Can Help Your Business

In today’s evolving supply chain landscape, having real-time visibility into supplier performance and potential risks is crucial. TYS provides the integration and automation capabilities that help businesses streamline supplier management and ensure timely responses to risks—all while enhancing compliance. Our platform integrates seamlessly with procurement tech stacks, offering flexibility and efficiency. This recognition from Spend Matters reinforces the value TYS brings to supply chain resilience and management.


Looking Ahead

As we continue to innovate, TYS remains committed to delivering enhanced supplier management and risk visibility solutions. Our inclusion in the Fall 2024 Spend Matters SolutionMap underscores our focus on helping businesses thrive in an increasingly complex environment.

Interested in learning more? Get in touch to explore how TYS can help your organization manage supplier relationships and stay ahead of potential risks.

TYS & BT Sourced Finalists for the SIG Future of Sourcing Award!

We are thrilled to announce that Trust Your Supplier (TYS) has been shortlisted for the Innovations in Supplier Performance Award at the upcoming SIG|ORG Future of Sourcing Awards! This recognition is a testament to our commitment to bringing procurement into a new era, made possible by our strong partnership with the team BT Sourced.

Together, we’ve been able to drive impactful improvements in supply chain transparency, efficiency, and performance. We are honored to have been shortlisted and look forward to continuing our journey of innovation and collaboration. Thank you to everyone involved in making this achievement possible!

Learn more about the Future of Sourcing Awards

Learn more about the TYS & BT Sourced collaboration

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