Reduce Supplier Risk, Reduce Organizational Risk

Risk is a major focus in most businesses today, regardless of industry. In the past few years, the Life Sciences have seen a steady rise in supply chain issues resulting in lost market caps, recalls, regulatory fines, and other financial impacts valued in the billions of dollars.

The Medical Device Industry is no exception to this reality; if the industry wants to improve patient outcomes, then it has to manage risk. According to Pilgrim Quality Solutions, one of the largest sources of organizational risk is dependence on third-party suppliers. Today’s global economy has added complexity to supply chains, and longer supply chains are making it increasingly difficult to manage suppliers, and in many cases, suppliers’ suppliers, thereby increasing overall risk. The plethora of regulatory requirements placed on Medical Device organizations, including the updates to ISO 13485:2016, reflect this new reality.

How can supplier risk be reduced and what is the role of Quality in that process?

We worked with Pilgrim Quality Solutions to create this e-book on reducing supplier risk and reducing organizational risk.

Table of Contents

• Introduction
• Supplier Risk and its Impact on Corporate Risk
• The Medical Device Regulatory Landscape is Impacting Supplier Control
• Supplier Management Processes
• Benefits of Supplier Management
• Resources Consulted

Click through to access the full e-book here.