Risk series part 3 - Five Essential Criteria For Selecting A Supplier Sustainability & Risk Monitoring Solution
Despite the fact that it is well known that modern supply chains are increasingly exposed to risks that can result in large costs and long term damage to corporate reputation, predictable risks are still causing billions of dollars in losses on a daily basis. Why? One key reason is that risk and supplier performance management in many organizations is fragmented: Suppliers are either overburdened, overlooked or under-assessed; screening yields false-negatives or false-positives; correlated risks are missed; and efforts are duplicated. This paper examines the five key attributes to look for in a holistic supplier monitoring solution that can overcome these limitations and help keep your supply chain safe, efficient and creating maximum value.