HICX – Making the most of supplier information to manage risk

ProcureTech

How can you make the most of supplier information to manage risk? Costas Xyloyiannis, CEO of HICX, the leading supplier experience management platform, shares four steps to achieving this.

What was once “nice to have” information has been defined by law. As concern grows around modern slavery, GDPR, conflict minerals and climate change, governments and related third parties are demanding, with regulatory backing, that businesses ensure ethical supply chains.

To mitigate regulatory and reputational cost, organisations need robust, accurate and extensive supplier information. For those with large complex supply chains, this is no mean feat. But apart from alleviating risk, getting your supplier information ducks in a row can also drive value.

So, how can organisations take full advantage of the information their suppliers provide?

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