In today's complex world, supplier risk management is just as critical to your organization's financial health and competitive performance as your efforts to produce cost savings.
Supplier risk management cannot be seen as just a one-time or periodic event. It must be built into your organization's ongoing supplier interaction in order to be effective.
This paper addresses:
- The wide range of risks involved in both direct and indirect procurement.
- How to proactively manage a diverse range of suppliers and risk.
- Start a dialog among key managers.
- The key elements of an effective supplier risk management system.