Bhargavi Kosaraju Partner, Procurement Advisory and Supplier Risk Management
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.