In a recent study by Veriforce and Peerless Research Group, and conducted on behalf of Supply Chain Management Review, 140 top supply chain executives were asked about supply chain’s role in managing vendor risk in their organization. Beyond the importance of safety compliance inside their organizations, they were also asked if it extends to their outside contractor and vendor workforce.
While safety is a top priority for most, nearly one-half of companies surveyed operate without a formal vendor safety prequalification program. Plus, they lack ongoing visibility into vendor safety performance.
In this report, find out the top challenges that supply chain executives face when it comes to managing vendor risk and safety compliance. They also discuss the tools they are using to effectively reduce the risks associated with running global supply chains.