Tag: Supplier Management


financial risk

Of the many kinds of supply chain risks, financial risks tend to get the most attention. The 2008 financial crisis forced many organizations to address financial risk and ever since, it has been a priority for procurement professionals. While financial risk is important, the way financial risk is traditionally monitored still leaves your supply chain vulnerable to threats.   Traditional approaches to financial risk rely on credit ratings, assumptions on the strength of your supplier relationships, and audits or surveys that are out of date nearly as soon as they are completed.......

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