Without proper subcontractor visibility or effective investment in worker safety and safe production practices, workplace incidents and disastrous outcomes are more likely to happen.
Avetta says that failure to effectively manage subcontractors may be the biggest risk an organization can take, yet many still do not take the necessary steps to address this potential risk.
And ensuing incidents could result in substantial reputational and financial losses such as sanctions and penalties for the hiring firm – even if they occur at the far end of the procurement value chain.
This is why it is so important for firms that do work with subcontractors to have a solid understanding of best practices when engaging with suppliers.
Download this whitepaper from Avetta to receive guidance on how to navigate the unique challenges and responsibilities that come with each subcontractor profile. You will gain insight into:
