Secure Your Business with Vendor Diversity Programs as a Supplier Risk Management

In the current, tricky economic environment, businesses have to focus on supplier risk management. One cannot count on a business to be always successful and in operation, and it is, therefore, best to be cautious and to create a diverse portfolio of suppliers at all times. While focusing on supplier risk management may seem like a way to be too cautious and conservative, it actually can have exactly the opposite effect. A common tactic that is far from conservative is focusing on vendor diversity programs. Even extremely large and successful...

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Avoid Finding a Difficult Compliance Management Solution by Focusing on Supplier Diversity

Many issues facing modern businesses require finding a difficult compliance management solution, and creating complicated solutions to regulatory problems. With the current climate of mistrust and lack of faith in big businesses, a compliance management solution seems to be required for nearly everything you do as more and more regulations are put in place, either by the government, by self-regulating boards and committees, by watchdog organizations,...

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Is it Necessary to Manage Risk when it comes to Supply Networks?

Risk management is fundamental to running a successful business regardless of the nature of the business that you operate. It has come into sharp question if it is genuinely necessary to invest in systems to manage the risk that is occasioned by the use of external suppliers or not. While everyone is in agreement about the necessity of these systems within the context of business, the question is whether supplier diversity programs are essential....

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