The survey
The survey is titled Value Generation through Supplier Risk Management and has been prepared as part of a research project to explore the potential value associated with effective risk management in supplier relationships. With Hiperos as their lead sponsor, the aim of the survey is to provide insight into the supplier risk management practices and attitudes of organizations across multiple industry segments.Interestingly, that they are not addressing traditional supply chain risk (e.g.. forecasts, availability, price volatility), but supply base risk (e.g. risk associated with quality, performance, regulatory compliance, and corporate responsibility). The survey takes about 15 minutes to complete and is aimed at C-level executives, e.g. purchasing directors, board members and alike.
The survey starts off with a couple of open-ended questions:
- How would you describe supplier risk management?
- How would you describe a risk event?
- What types of risk events have you experienced recently?
As to risk management orientation, some of the statements to be considered are
- Top Management’s involvement with risk management is strong.
- Risk management is a part of the culture of our organization.
- Risk management is considered an investment not a cost.
When answering risk management practices, the respondents must answer, among other, whether
- Our risk management function is very well established.
- We perform a very detailed assessment when assessing external risk.
- We effectively measure and monitor risk indicators to predict events.
How companies are protecting intellectual property is also an issue in supplier risk, e.g.
- We often deem the risks too high for sharing knowledge with a supplier.
- We strongly respond after a “knowledge leak” has occurred.
- We monitor/estimate the costs of knowledge sharing.
These are just some of the questions asked. If you would like to take the full survey, including answering statements concerning supply chain turbulence and supply chain performance, please follow the link below.
Link: Take the survey
Author links
- linkedin.com: Peter Trkman
- linkedin.com: Kevin Mc Cormack
- ufmg.br: Marcos Paulo Valadares de Oliveira
Related posts
- husdal.com: Supply chain risk in turbulent environments
- husdal.com: Hiperos and supplier risk
- husdal.com: Zycus and the Supply Risk Explosion