Implementing a Supplier Risk Management program is key to managing the increasing risks represented by third parties. It is a struggle for many companies to find the balance between managing supplier risks using rigorous requirements and allowing enough flexibility to run business operations. “Do I have to do this?” is a common question asked by internal stakeholders and suppliers. With suppliers ranging from global consulting companies to three-person construction contractors serving rural areas, California Water Service Group, joined by ProcureAbility, share their experience implementing a practical and scalable SRM solution with limited internal resources and budget. 

 

Contributors: California Water Service Group, ProcureAbility
Categories: 2021 Fall - Carlsbad, Summit Presentations
SRC Type: Risk Management, Sourcing Management