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How Supplier Risk Management Professionals Can Help You

Supplier risk management is the evolving process of identifying, assessing, and controlling threats to a company's capital and earnings that are caused by interruptions in the company's supply chain. Some interruptions include bankruptcy data breach, closing operations, or getting acquired. Companies with supplier risks should have strategies in place to reduce supply chain risks and interruptions whenever possible. Some strategies include onboarding, which builds a relationship between the company and the supplier, and cultivating strategic supplier relationships for the long term. Another strategy is to establish control across the extended enterprise by creating integrated supplier networks and extending performance management benchmarks to second and third tier suppliers.

The speed with which suppliers can move from stability to shutting down operations can be startling, which means supplier risk management is critical. has many talented freelancers who are happy to offer you their expertise and supplier risk management services. We have supply chain professionals and sourcing experts who will take steps to decrease some of the risks when working with suppliers. They will provide assessments, report on quality control, and make assurances that all operations are ISO compliant. We even have supply managers who can seek out new suppliers and negotiate on your behalf. For these services and many more, has freelancers for hire that are here for you.

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Apr. 2018

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