Supplier risk
The ongoing debt crisis has negative impacts on the economy and most businesses. Our opinion is that few companies have implemented a rigourous assessment of supplier risks. Events in 2012 mean that supplier risks needs attention.
Which risk criteria are the most sensitive ?
| Financial | Of course, but finance does not cover all zones of risk |
| Operational | Have our main suppliers set up a solid security plan ? |
| Environmental | Financial risks may gain priority, but these risks are still there... |
| Selection | Which suppliers could have major impact on our business if they failed? |
| Dashboard | Set up a dashboard, with key indicators on appropriate opérational factors. |
| Resources | Who is capable and available to work on this new priority? Where do we start ? |
Better Buying Concepts has worked on major assignments in the Automotive and Healthcare sectors, where risk management procedures are the most advanced. Our pragmatic approach enables customers to develop a realistci, operational vision of their risk level.
