Supplier risk management is all about the pre-plan

In Big Data by VendorMach

Supply chain failures compromise the ability of an organisation to operate effectively and in extreme circumstances even to survive.

Yet many businesses struggle to mitigate the risk of such failures due to poor vendor risk management: research from CIPS suggests fewer than half of procurement professionals consistently put strategies in place to counter the dangers, while similar numbers haven’t analysed the potential costs associated with disruption.

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