It wasn’t long ago when vertically integrated companies could rely on legacy services or mass-produced products for years. Today however, with increased competition and pressure to reduce cost and innovate, companies are relying on an ever-expanding network of external partners and contractors. While doing so provides great rewards, it also introduces varying levels of risk with the potential to harm the business. Despite this increased risk, most companies often tend to deprioritize contractor management as a function. This white paper will explore: Key elements of contractor management programs, Contractor safety management maturity models, Tips to implement a world class contractor management program within your organization, The evolving supply chain risk management culture.
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