Gartner Research

Improving Third-Party Risk Management: A Guide to Partnering With Procurement

Published: 27 March 2019

ID: G00707629

Analyst(s): Legal and Compliance Research Team

Summary

This research helps data privacy executives mitigate risks from third parties by partnering more closely with the procurement function.

Table Of Contents

Privacy’s Perspective and the Benefits of Partnering With Procurement

Procurement’s Perspective and the Benefits of Partnering With Privacy

4 Recommendations for Improving Partnership Between Privacy and Procurement

Recommendation 1: Gain Greater Visibility Into Procurement’s Contracting Process

Action Items for Privacy

Recommendation 2: Make Privacy Considerations a Natural Part of Procurement’s Processes

Action Items for Privacy

Recommendation 3: Revise Questionnaires to Identify Red Flags

Action Items for Privacy

Recommendation 4: Partner With Assurance Functions to Decrease Redundancy Across Questionnaires

Action Items for Privacy

Conclusion

Recommended by the Authors

About This Research

Endnotes

©2020 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.