In this episode, I visit with James Gellert, CEO of RapidRatings, a company that uses a financial dialogue to determine third-party supplier health and viability. Gellert explains what supply chain resilience is and how examining your suppliers’ financial health can lead to a more financially efficient supply chain. We then discuss the company’s third-party risk management tools. We consider how a company might evaluate a potential purchaser, partner, or someone buying a part of a business. Finally, we have a lengthy discussion of how a corporate compliance function uses the health of a third party as a tool to determine third-party compliance risk. 

For more information on RapidRatings, check out their website by clicking here.