What are you doing to confront multiple types of supplier risk?
Supply chain organizations face risk from many corners, much of it brought on by their own decisions. The rise of highly integrated supply chains increases the chance that a lower-tier supplier failure will have a material negative impact on the business. Cost reduction strategies, such as lean inventory initiatives and global sourcing, increase dependence and, ultimately, supply risk. With global and local suppliers closing their doors at alarming rates, companies must develop and execute systematic ways to continually monitor key supplier health metrics. 4. What are you doing to reduce the total lifecycle costs of working with suppliers? Many first-generation efforts to capture and manage supplier information (e.g., for e-procurement or purchase-to-pay programs) relied on largely manual approaches that were incomplete, went over-budget and were largely ineffective. By focusing on supplier enablement, on-boarding and information management you can achieve the ROI promised on those ini
