In today’s fast-moving digital age, success demands that companies expand their core resources by relying on third-party partnerships to remain competitive. However, the growing volume and widening range of transactions in global supply chain networks have amplified exposure to compliance violations and brand damage. Even after a process or initiative is outsourced, companies are still burdened with the responsibility of ensuring there is no additional exposure to risk.
PwC recently published, “Monitoring vendor networks through supply chain analytics,” to help executives understand how an automated risk visualization process can help transform raw data into actionable insights.
The piece includes:
- A robust Know Your Vendor framework, that helps orgs develop a continuous monitoring strategy
- A sample profile analysis snapshot of a supply chain risk dashboard
- Next steps, once orgs establish their monitoring capabilities
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