The strategic importance of risk managing the supply chain
Risk managers should keep a handle on their supplier relationships as this can lead to significant gains.
The corporate risks posed by a potential supply chain failure are leading more risk managers to keep a close handle on their supplier relationships and they are finding, in some instances, that significant gains can be made in the process.
The latest spate of negative headlines about UK-based corporates that have been found wanting in their governance of suppliers or have suffered operational upheaval owing to a supply chain issue is driving this change.
Source: Strategic Risk