Chris McCarney Partner, Procurement Advisory Services
New Operating Models for the Supplier Risk Renaissance
If we’ve learned anything over the past year about managing supply chain risk it’s this: integration across functional silos directly impacts the ability to predict disruption and drive risk-based decision making. It took a global pandemic to realize that tracking and monitoring suppliers has become lax and has driven organizations to work furiously to re-locate the supply base with little-to-no information. However, this renaissance of supplier risk management is driving renewed Supplier Segmentation models and restructuring Supplier Risk Governance to help monitor risk factors, prioritize mitigation activities, and provide end-to-end integrated risk monitoring.