Roadmap for defining your supplier risk management program

Supplier risk management programs are often ineffectual because they tend to be reactive, addressing issues only after they arise. Lack of sufficient upfront planning in defining the program leads to inefficient processes, slow decision making, and delays in mitigating potential risks.

This infographic provides a simple roadmap for defining a successful supplier risk management program. It highlights critical steps in the process including ownership and responsibility, identifying strategic suppliers and critical risk factors, and determining your organization’s risk appetite so that your organization can make smarter supplier decisions, protect against disruptions, and optimize supply chain strategies.

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Schedule a risk assessment session with our team to learn more about Craft.