Building a TPRM programme follows 6 phases — from inventory through framework design to continuous monitoring with 360TPRM.
Phases 1-3: Laying the foundation
Phase 1 — Inventory: take stock of all existing suppliers (often surprisingly many), identify existing contracts and security requirements, run a gap analysis against NIS2/DORA/ISO 27001. Phase 2 — Define the framework: set the scope, develop classification logic, assign roles and responsibilities, have the policy approved by management. Phase 3 — Classify suppliers: rate every supplier by criticality, prioritise critical suppliers, set monitoring intensity per tier.
The most common mistake when building TPRM: starting with tool selection instead of the supplier inventory. First know what you have — then decide how to manage it.
Phases 4-6: Operationalisation and monitoring
Phase 4 — Catch up on due diligence: carry out an initial security assessment for every critical supplier, use 360TPRM for external cyber intelligence assessment, review and adjust contracts against security requirements. Phase 5 — Activate monitoring: 360TPRM for continuous monitoring of all suppliers, define alert thresholds, set escalation processes. Phase 6 — Establish reporting: set up management dashboards, meet regulatory reporting requirements, annual review of the programme.
Instead of waiting 12 months for the perfect framework: implement an 80% solution in 4-6 weeks and improve iteratively. NIS2 and DORA don't wait.
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