Private companies account for 70-80% of the critical suppliers in your third-party ecosystem, yet most organizations don’t actually evaluate the financial risks of private suppliers with the same rigor or consistency as they do with public ones. This presentation covers the options available for analyzing the financial data of private companies and how the financial health of these companies can help your company maintain resilient operations and business continuity.
Topics covered in this session included:
- How to recognize the link between financial health and business resiliency and continuity
- Why public and private companies should be evaluated on the same basis
- The importance of obtaining financials for private companies
- How to obtain financials for private companies
Contributors: GE, RapidRatings
Categories: 2017 Spring - Amelia Island, Summit Presentations
SRC Type: Sourcing Management, Third Party Management