Guest Column: Five Best Practices to Mitigate Supplier Financial Risk

Now is not the time to consolidate resources and scale back risk management efforts


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1. Identify critical suppliers and define your relationship with each one

2. Determine risk attributes that you need to monitor

3. Gather/update supplier information

4. Establish risk alerts

5. Create corrective action plans and follow through





About the Author www.atrisk.net www.aravo.com


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