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Supplier Risks And Confronting Supply Chain Unknowns

PYMNTS

. “Supplier risk and supply chain risk are very important factors in the procurement world; it’s a very topical subject right now,” he said. Many of GEP’s clients have supply chains connected to developing markets that are enduring their own growing pains and economic and social overhauls.

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A New Reality For Supplier Risk Management

PYMNTS

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. “Before, companies would think they needed to assess risk once a year,” Frank said.