Skill
Supplier Risk Management
Business and Management
Supplier risk management is the practice of identifying, assessing, and mitigating risks that vendors pose to an organization, including financial instability, geopolitical disruption, cybersecurity vulnerabilities, and compliance failures. Supply chain and procurement professionals use risk-scoring tools, diversification strategies, and contingency planning to protect against supply disruptions. It has grown in importance amid global supply chain shocks like the COVID-19 pandemic and trade disputes.
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