Top supplier risk factors

What are the top supplier risk factors you should be aware of? What are your experiences? What are the kind of risks you are most affected?

 

Top supplier risk factors

Top supplier risk factors

 

Top supplier risk factors: an overview

The following illustration summarizes and explains the most important risk areas for your organization you really should be aware of:

  • Viability & Financial Risk (e.g. bankruptcy, changes in exchange rates)
  • Risk of Delivery (e.g. natural hazards, strike)
  • Market Risk (e.g. price changes)
  • Compliance & Image Risk (e.g. Regulatory & Legal, child labor)
  • Risk of Quality & Performance (e.g. reliability, performance)
Top supplier risk factors

Top supplier risk factors

 

As a matter of fact it is so very important that you protect your supply chain at a holistic point of view. Get an overview about risks and challenges in supply chains here.

What do you think about it? We’re looking forward to your comments.

Rolf Zimmer is a founder and managing director of riskmethods, and is responsible for Finance, Product Strategy and Customer Success Management.

Rolf has been working in software business and procurement for 18 years. He has excellent knowledge in the areas of procurement, supply management and risk management – which he gained from working inside procurement departments as well as from consulting activities at SAP, Ariba and Emptoris, among others. His previous position as Sales Director at IBM included responsibility for distribution of the “Emptoris” Supplier Relationship Management suite and associated consulting services.


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