Published: April 16, 2015
Access Level: Free
Research Topics:
Best Practices Commodity Risk Management How-To Guide Market Analysis Procurement Strategy & Planning Spend Visibility & Analysis Supplier Risk & Compliance Supply Chain Management Technology Value
Access Level: Free
Research Topics:
Best Practices Commodity Risk Management How-To Guide Market Analysis Procurement Strategy & Planning Spend Visibility & Analysis Supplier Risk & Compliance Supply Chain Management Technology Value
Almost daily, we see media reports on the consequences for companies whose suppliers are struck by political upheaval, natural disasters, pandemics, fires, corruption, labor violations, code of conduct issues, sustainability, and other factors that are more tied to ethical behavior than legal compliance - all of which creates hard and soft losses for the companies in question.
By visually modeling a supply base that various stakeholders can see, a company can create early awareness about sourcing outcomes, drive strategic alignment, and enable proactive mitigation and avoidance by minimizing exposure to critical or overly risky paths.
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