Analyst Insight from the Aberdeen Group
Managing Supplier Risk with Third–Party Data
Due to ongoing concerns about risk in an era of economic uncertainty, organizations today must do a better job of monitoring day-to-day events impacting their suppliers. In fact, in Aberdeen’s August 2012 report, Supplier Lifecycle Management: Measuring Performance While Mitigating Risk, 43% of 132 survey respondents indicated that incomplete information regarding corporate supplier relationships is a top business pressure affecting supplier management. Organizations increasingly rely on third–party data to obtain the latest information about their suppliers to create a more comprehensive picture of their supply base. This analyst insight looks at how best-in-class organizations use third-party supplier data and provides suggestions for making the most of this vital information.
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