Managing Supply Chain Risk

84 • Managing Supply Chain Risk

Increasing government regulations were a concern across many indus-

tries. Companies recognize the value of complying with regulations, though

there is concern that compliance with so many regulations consumes

resources that might be better allocated to risk eorts. One manager noted:

Compliance risk management activity is taking precedence over an over-

all supplier risk approach. is challenge is created by regulatory agencies

and pushing resources toward certain areas of risk mitigation such as FDA,

DOJ, AdvaMED, Sarbanes-Oxley, etc. Without some of these distractions,

we would be able to free up additional resources to develop and deploy

updated supplier risk processes that would allow for future risk mit ...