Government Contractor Supply Chain Risk Management
We help government contractors examine third party risk exposure and develop best-in-class supply chain governance capabilities.
Government Contractor Supply Chain Risk Management
Government contractors have been subject to a growing regulatory focus in recent years on strengthening and securing the federal supply chain. These new rules are wide ranging – from domestic preference regimes, to foreign investment oversight, to technology bans and restrictions – imposing significant new supplier governance requirements on federal prime contractors. As contractors navigate these unique challenges, Baker Tilly stands ready to offer industry insights and tailored approaches to establishing an effective third-party risk management practice to meet the government’s emerging needs.
A full spectrum of capabilities
Given the globally-distributed and interconnected nature of modern supply chains, there is no one-size-fits-all solution for a government contractor seeking to establish an effective supply chain risk management (SCRM) practice, and not understanding the potential dangers lurking in your supply chain can be costly. As the regulatory environment continues to shift and federal acquisitions continue to require detailed plans-of-action around SCRM, contractors should carefully consider how they screen, select, and oversee subcontractors and suppliers. The optimal SCRM structure depends on a variety of factors including current resources and infrastructure, short and long-term business strategy, contract portfolio and risk profile, and the “trust protocols” that secure the supply chain. By leveraging its understanding of industry best practices and leading SCRM frameworks, Baker Tilly can develop a tailored supply chain risk management plan for your organization that strikes the right balance between government requirement and business need.
To help government contractors with supplier risk management and federal contractor risk management requirements, Baker Tilly offers:
SCRM program development
- Assessment of current supplier governance processes against leading practices in supply chain management related frameworks and requirements (both cyber supply chain, or C-SCRM, and supply chain resiliency)
- Identification of potential supply chain risks that may arise out of any subcontractor or supplier agreements that allow contractor to understand vulnerabilities
