Supplier Risk Management is a key element of overall supply chain management. This is video 1 of 8 in the Supplier Risk Management series. The FDA has been putting purchasing controls under increased scrutiny This series of videos helps define your overall evaluation and control of suppliers to ensure you get the most from your supplier risk management program. Supply chain stability depends on having capable suppliers. Sponsors should measure the vendor’s organizational maturity in terms of people, process and performance. It is more than a quality system audit which measures compliance to procedure and regulation. It is what I call compliance maturity: an overall assessment of supplier capability and risk. This video series provides questions and criteria. It provides a framework to rate the relative risk in the portfolio of suppliers. It provides recommendations on tailoring supplier controls to supplier and product risk.
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