Fourth parties: Concentration risk and its mitigation
Abstract
The aim of this paper is to describe various types of concentration risk in the supply chain, provide some examples and explain why these are important to regularly analyse. In addition, it sets out why we should be including fourth parties in our analysis and some suggestions of how this can be done. The paper demonstrates that the key to efficient concentration risk analysis is being data-driven and linking this back to an organisation’s own business resilience. The reader can expect to have a good understanding of the types of concentration risk and how to start gathering data to drive the necessary analysis.
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Author's Biography
Gemma Stewart is a highly motivated leader in global business process transformation utilising technology with a passion for LEAN (certified black belt). She is currently working in a global multicultural environment as Global Head of Vendor Management (TPRM). Gemma has a proven track record for leading global change with successful outcomes, including business process, operating models, frameworks and IT solution implementation.
Citation
Stewart, Gemma (2024, March 1). Fourth parties: Concentration risk and its mitigation. In the Journal of Supply Chain Management, Logistics and Procurement, Volume 6, Issue 3. https://doi.org/10.69554/OQRW9524.
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