Risk management that keeps pace with your business
Technology transformation is making companies more agile and faster to market, but if risk management lags behind the consequences can be severe.
Supply chain disruption can result in 35% lower stock returns for 3 years,1 yet suppler risk events are common. Nearly 1/3 of surveyed companies experienced a “significant” supplier risk event in the past 24 months.2
Why does this happen?
Limited visibility and resources could be key culprits. 65% of procurement executives reported limited to no visibility beyond their Tier 1 suppliers3. Today’s risk management approach is constrained by manual processes and costly information subscriptions.
Modernizing your risk management approach can provide:
- Comprehensive coverage of your supplier network
- Always on monitoring and proactive alerts
- Up to 40% time and 60% information cost savings4
See how to transform your risk management and move faster with lower costs.
1 Supplier Lifecycle Risk Management, D&B Supply Management Solutions (May 2010).
2 ProcureCon Indirect East, “The State of Risk: Understanding Threats to Business Continuity, Supply Chain,” 2017
3 The Deloitte Global CPO Survey 2016, Deloitte (2016).
4 Mastercard marketplace Interviews, “Third-party compliance cost benchmarking,” 2017
Please fill out the form below to get instant access to the infographic.