{"id":9964,"date":"2023-09-12T09:38:27","date_gmt":"2023-09-12T07:38:27","guid":{"rendered":"https:\/\/www.onlineprocurement.com\/support\/supply-risk-how-supplier-management-becomes-a-risk-management-success-factor\/"},"modified":"2025-12-23T17:02:07","modified_gmt":"2025-12-23T16:02:07","slug":"supply-risk-supplier-management-becomes-a-risk-management-success-factor","status":"publish","type":"post","link":"https:\/\/www.onlineprocurement.com\/en\/trend-insights-e-procurement\/supply-risk-supplier-management-becomes-a-risk-management-success-factor\/","title":{"rendered":"Supply Risk: How Supplier Management Becomes a Risk Management Success Factor"},"content":{"rendered":"

Supply Risk: How Supplier Management Becomes a Risk Management Success Factor<\/h1><\/div>
\"Online<\/span><\/div><\/div><\/div><\/div><\/div>

Procurement processes, particularly the optimal management of the supplier base<\/strong>, are increasingly critical to the success of enterprise-wide risk management activities<\/strong>.<\/p>\n

Looking at the rankings in the Risk in Focus 2023<\/em><\/strong> report, which annually gathers the views of Chief Audit Executives from major European countries to identify the most critical risk areas for organizations, it is quickly apparent that suppliers play an essential role in business continuity<\/strong>, but also in sustainability, regulatory compliance, and cybersecurity.<\/p>\n

The increasing complexity of global supply chains challenges procurement offices to find the proper measures to counter risks before they turn into more serious threats. Still, at the same time, it represents an opportunity to reinvent internal supplier management processes<\/strong>, finding the right balance between human factors and innovation, thanks to digital solutions that optimize results transparency and collaboration, such as Online Procurement<\/a>.<\/p>\n<\/div><\/div><\/div>

Major risk factors for businesses<\/h3><\/div>