To manage supply chain risks efficiently, decision-makers need to use every resource available. Suppliers can provide location- and product-specific details that are otherwise unavailable. Yet this source of valuable insight is often underleveraged because there are just too many suppliers, data points and exchanges to address manually.
In our paper, you will learn:
- Why gathering firsthand information at scale is so difficult.
- How automating processes reduces time and effort, while increasing accuracy.
- Why integrated surveys enable ongoing risk assessment at scale.
- How a risk assessment feedback loop triggers a virtuous cycle of improvement.
With Sphera Supply Chain Risk Management [formerly riskmethods] Risk Assessment, companies can execute efficient assessments, meet compliance needs and run due diligence when qualifying new suppliers and third parties.