Globalization implies that suppliers play a growing role in the companies’ risks, disruptions, and response options. Chapter 7 delves into companies’ proactive approaches toward supplier risk management, using a segmentation of the procurement conditions. It is based, on the one hand, on the complexity and risk associated with the input purchased from the supplier and, on the other hand, on the company’s annual expenditure with that supplier. The chapter also discusses the growing problem of counterfeit materials that arise as supply chains grow longer and more opaque.
Keywords: Supply chain risk management, Assessing Supplier Risk, Risk analysis, Supplier scorecards, Multi-sourcing, Procurement, Tactical buys, Strategic buys, Counterfeit products, Boston Scientific
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