Enhancing Supplier Risk Management: A Xylem Case Study on developing and integrating Cybersecurity Score into a Supplier Failure Index

This study seeks to address the growing concern of cybersecurity threats, which have become a critical issue in today’s business environment. To bridge this gap, the project focuses on evaluating the cybersecurity maturity of Xylem’s critical suppliers, identifying potential risks they may pose to the organization, and integrating their cybersecurity scores into the overall risk assessment. This integration will offer a more holistic perspective on external factors that could impact organizational security. The significance of this study lies in its ability to establish a robust framework for identifying and mitigating cybersecurity risks and vulnerabilities within the upstream supply chain, particularly in the procurement department. This proactive approach aims to strengthen Xylem's overall risk management strategy.