Organizations today face unprecedented levels and variety of supplier risk. According to Gartner, "Monitoring supplier financial health is pivotal for proactive supplier risk management. Yet, many sourcing organizations struggle to do it effectively. Chief Procurement Officers can use this research to advance their risk management process and their ability to manage supplier financial risk."
View this thought-provoking report by Gartner to learn:
- How to standardize your data and processes to assess the financial viability of your suppliers, and by extension, mitigate risks that could impact your entire supply chain
- What are the key elements you need to consider to systematically monitor the financial health of your suppliers, and how to structure these elements into a transparent and consistent ratings scorecard
- The best-known sources for securing objective and accurate supplier financial information to feed your supplier health scorecard
Gartner Inc., Manage Supplier Financial Risk by Utilizing a Supplier Financial Health Scorecard, by Koray Kose, 8 July 2020. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.