Part 5: The Supply Chain Efficiency Premium

In this concluding Episode V of special five-part podcast series on an innovative approach to managing third party risk we consider how to use of this information going forward. I have been joined by James Gellert, the Chairman and Chief Executive Officer of Rapid Ratings International, which is sponsor of this special series. Our conversation has been on helping companies manage their third-party supply chains through financial health. The Rapid Rating approach is incredibly innovative, with both a series of products and services that should be considered by the compliance practitioner. In this Episode 5, we discuss the supply chain efficiency premium. Some of the highlights include:At the end of the day, companies want to continue working with their suppliers. The more companies can help them through any times of difficulty, the more it benefits everyone.This isn't just about triage and problems. It’s about creating the strongest chain of suppliers in one ecosystem that can grow with your business.The ability for compliance/procurement/credit and other cross-functional areas to have seamless communication of data/analytics and findings.It is about connecting the information dots to inform workflow and operations.