To maintain consistent management ofsupply chain risk, it is essential toperiodically confirm that suppliers meet their contractual obligations.
Risk Assurance:Verifies that suppliers adhere to security standards and commitments.
Compliance Monitoring:Ensures that the agreed-upon controls and service levels are maintained.
Consistency:Regular checks prevent lapses in compliance and identify potential risks early.
Supplier Audits:Include reviewing security controls, data protection measures, and compliance with regulations.
Incorrect Options:
A. Seeking feedback from procurement:Useful but not directly related to risk management.
C. Counting incident tickets:Measures service performance, not risk consistency.
D. Informal meetings:Lacks formal assessment and verification of obligations.
Exact Extract from CCOA Official Review Manual, 1st Edition:
Refer to Chapter 9, Section "Supply Chain Risk Management," Subsection "Monitoring and Compliance" - Periodic verification of contractual compliance ensures continuous risk management.
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