Supplier risk is one of the biggest risk vectors organizations face today. Suppliers can expose a company to risk not only by failing to deliver materials or products on time and as specified, but also by engaging in practices that expose the client company to regulatory and reputational repercussions. In this article, you will learn about mitigating supplier risk with business continuity plans.
This article is based on collaborative research performed by MBA Students at Rutgers University. APQC would like to thank Constance Capone, Amber Herkert, and David Wald for their contributions.