INDUSTRY SPOTLIGHT: Manage risk more effectively with VenDoor
Businesses rely heavily upon their suppliers for the delivery of goods and services to customers. When a supplier breach causes a disruption, it can create a ripple effect across the entire supply chain, causing extensive financial loss and harming the reputation of other businesses within the network. VenDoor provides supply chain leaders with a powerful, […]
Moody’s: ‘Organisations face imperative’ to understand who they do business with
A study published by Moody’s suggests organisations face greater challenges to understand who they do business with amid rising risks and evolving regulations, based on interviews with senior risk and compliance professionals. Moody’s study found that Entity Verification – a data-driven process that helps verify and authenticate the credentials of each entity a firm onboards […]
Mastering Supply Chain Risk: A primer for operations managers
Navigating the intricate web of supply chain management requires foresight, adaptability, and strategic planning. For an Operations Manager, identifying and mitigating potential risks can be the difference between seamless operations and significant business disruptions. Here’s a guide to understanding and managing these risks effectively… Risk Identification through Auditing: The first step in risk management is […]
70% of businesses ramping up investment in supplier risk detection
Moody’s Analytics research into third party risk management shows that the threat to reputations is a key driver of investment in supplier risk detection. Key findings include 69% of businesses say they do not have the necessary visibility over their supply chains to uncover risk in their organisational networks to avoid reputational harm. Meanwhile, 70% of […]
