SIG Resource Center

Balancing Supplier Risk Versus Reward

In the wake of constant demand and supply market changes driven by recent economic crises, procurement and supply chain professionals are facing higher expectations from management to drive down costs. But what potential impact does this singular focus on cost savings have on supply and supplier risk? Because it can result in the unintended consequence of diluting the total value delivered from that supplier relationship, the key is to balance supplier risk with reward to obtain the greatest benefit from your suppliers while minimizing your risks.

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