The Philips Journey: Financial Risk Analysis as Part of Proactive Supplier Resilience

Event Overview

Hosted By: The Hackett Group

Date: Thursday, November 5, 2026 | 11:00 AM ET (60 Minutes)

About: CreditRiskMonitor is partnering with The Hackett Group for a live webinar featuring Philips. CreditRiskMonitor CEO & President Michael Flum joins Tomasz Zdunczyk, Procurement Risk Manager at Philips, to share how Philips built a proactive supplier risk program that ranks financial risk as its top priority. The session covers how Philips uses SupplyChainMonitor™ to monitor segmented suppliers, automate supplier financial submissions, standardize financial data, and benchmark each supplier against industry peers. Register here.

What You’ll Walk Away With:

See how procurement and supply chain teams evaluate supplier financial health, from early bankruptcy warning signs to ongoing risk monitoring. In this session, you’ll hear directly from a procurement risk practitioner at Philips on how financial risk monitoring works day to day across a global supplier base.

Supplier financial trouble can weaken supply gradually or cut it off overnight. See how Philips uses SupplyChainMonitor™ to continuously monitor suppliers across risk tiers, automate the collection of supplier financial statements, and gain visibility into private supplier financials that are otherwise hard to obtain.

Supplier financial risk is not a one time check at onboarding. It is an ongoing discipline that protects supply continuity across the enterprise. You’ll leave with practical ideas for building continuous, tiered monitoring, spotting financial decline early, bringing financial health into both onboarding and ongoing oversight, and benchmarking suppliers against industry peers to prioritize where to act.