Risk Score

June 12, 2018 Posted by 0 thoughts on “Risk Score”
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A Risk Score signifies the likelihood, frequency, and consequence of risks facing a company. The information obtained from risk scoring prioritizes risk exposures for mitigation by inspecting suppliers, sites/locations, products, and parts. Risk scores allow businesses to focus on the efficient, rapid allocation of investment dollars against these potential risks. Risk scores may consider:

  • The quality or financial condition of a supplier
  • Technology leadership
  • Price competitiveness
  • Location risk exposure
  • Shipping modes
  • Routes exposure
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