Best Practice Guide: Proactive strategies for managing supply chain risk and uncertainty
Establishing an effective supply chain risk management (SCRM) program
Proactively identify, assess, and manage supply chain risks
In today's interconnected world, the supply chain is a complex and dynamic system, where a single disruption can have a global ripple effect. Proactive strategies for managing supply chain risk and uncertainty are essential for ensuring resilience, maintaining stability, and driving long-term success. Additionally, as businesses increasingly rely on third parties, managing supply chain risk has become more paramount than ever. Organizations’ third parties, as well as their third parties’ third parties (Nth parties), expose them to various risks — from cybersecurity threats and operational disruptions to significant financial losses.
Step-by-step Directions Provided
Step 1: Establish your supply chain risk register- Step 2: Send and track supplier questionnaires
- Step 3: Track risk events and new emerging risks
- Step 4: Perform risk assessment
- Step 5: Establish risk mitigation strategies
Explore related listings
Best Practice Guide: Managing Obligation Changes in RegComply
Efficiently track, assess, and respond to regulatory updates
Best Practice Guide: Getting started with an AI-first approach to audit in AuditBoard
To effectively audit AI, audit teams must start adopting and using AI technologies themselves
Best Practice Guide: Leveraging AuditBoard Analytics for Automated Control Testing in CrossComply
Automate Your Compliance: Your Guide to Automated Testing in CrossComply
The content provided on this website does not, and is not intended to, constitute legal, accounting, tax, investment, compliance, or other professional advice and services; instead, all information, content, and materials made available by AuditBoard or shared by any third-parties on this site are for general informational purposes only. The content on this posting is provided "as is;" no representations are made that the content is error-free or up to date. To access the content you must be a current AuditBoard Customer.