Just like running an employee background check, mitigating supplier risk requires proactive and intentional vetting. The same concept applies for even more complex, multi-tiered supply chains. Beyond sourcing operations, bad vendor data also affects supply chain users in procurement, accounts payable and legal departments. Sourcing departments should monitor real-time news for human trafficking and disbarment cases that may be associated with their supply chain. Since analytic output is only as good as data input, access to the correct data is vital for a successful supplier risk strategy. Learn how to build a more transparent and sustainable supply chain by considering three key areas of supplier risk mitigation during the strategic sourcing process.
You will learn:
- Three successful approaches to supplier risk mitigationHow technology and automation can build sustainable supply chains
- Why wins for sourcing start with clean supplier data
- How supplier diversity equals supplier sustainability
Categories: 2018 Fall - Rancho Las Palmas, Summit Presentations
SRC Type: Risk Management, Sourcing Management, Third Party Management