When it comes to Supplier Risk, it is important to have the ability, and the flexibility, to manage any Supplier disruption. Supplier Risk is a critical factor in procurement and supply chain’s responsibility when selecting the right Supplier. For most organizations it is extremely difficult to continuously monitor supplier risk, as disparate information from various data sources are difficult to manage. It is imperative to leverage sourcing and purchasing systems that can manage Supplier risk by consolidating the right data at the right time.
In this webinar you will learn about:
- Supplier Risk Components that are applied to different suppliers
- What Supplier Risk Components could be included in your program including data and documents
- Introduction to various regulatory and reputational risk components
- How tomorrow’s Digital Workplace should integrate risk data into the source-to-pay process for greater control of procurements growing influence