Procuri’s professionals have a wealth of experience in the entire supplier management process – from spend analysis and supplier management to strategic sourcing, contract management and compliance. |
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 Supply Risk Increasing While Market Stands Still
From January through March 2007, Aberdeen benchmarked the supply risk measurement and management strategies of over 210 companies. Although 62% of enterprises indicate they expect supply risk to increase in the next 3 years, only 49% of organizations have bothered to implement a supplier performance measurement and risk management program. Many organizations simply do not place a high enough priority on supply risk management, giving it only moderate attention as a corporate initiative.
However leading CPOs, CFOs and their risk experts realize that there is a tremendous financial impact of unmitigated supply chain risk, they are also faced with significant pressure to insulate customers from the impacts of risk and address increased market tightening and regulatory concerns. They are taking steps to improve supplier performance, identify potential risks, and prepare for or avoid them altogether. Yet they still have not moved their programs beyond traditional supplier performance measurement tools to truly address the impacts of supply risk. The evolution of supplier performance programs is more glacial than nimble. As globalization of supply markets continues, it is critical that programs and tools are better aligned to address the continuous ramp-up of exposure to risk instead of relying on practices, tools, and measurements whose incremental value are decreasing.
Learn what it takes to measure and effectively manage supply risk.
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