FAQ
Third-Party Risk Management

What is relationship-specific supplier risk?

Relationship-specific supplier risk is the risk created by the unique way a supplier supports or connects to one organisation. It considers integration depth, critical services, data flows, access, replaceability and digital dependencies. This explains why a supplier can be low priority for one customer and critical for another even when its general security rating is identical. ThingsRecon uses Digital Proximity and external evidence to make this customer-specific exposure visible and support more precise prioritisation. In practice, teams should record the supporting evidence, confirm ownership and business criticality, and connect the finding to an accountable workflow. This prevents a useful observation from becoming another isolated score or dashboard alert. The strongest implementation combines external intelligence with internal knowledge, supplier engagement and documented risk decisions, creating a view that remains useful as the digital ecosystem changes.