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RISK MANAGEMENT BLOG

4 Ways to Manage Supply Chain Risks

 

85% of surveyed global chains experienced at least one supply chain disruption risk in 2017. Deloitte has shown that organizations who proactively manage supply chain risk spend 50% less to manage disruptions. As always, proactive risk management is more cost efficient than reactive action. An efficient supply chain is essential for the production of quality products and effective customer service.

Topics: supply chain risk management supply chain risks

The Manufacturing Supply Chain: Top 10 Risks to Consider

 

The risks that impact the supply chain of manufacturers is continuously growing and changing. The supply chain is vulnerable to countless risks such as supplier relationships, manufacturing processes, shipment of finished products, and more. When conducting a risk management plan for your business, there are many major risk factors that are completely out of your control.

Topics: supply chain risk management supply chain risks Manufacturing manufacturing supply chain

Supply Chain Risk Management: A Few Things You Should Consider

 

It's important to consider your company’s risk exposure when entering into a business relationship with a third party. How will your operations be impacted when a supplier is late delivering essential materials? What if you receive damaged materials? There are a number of options that can be implemented to mitigate risks associated with your supply chain.  

Topics: supply chain risk management supplier risk Supplier risk management

Supply Chain Risk Management: Balancing Flexibility and Vulnerability

Supply chain management is largely about interconnectedness. When planning for and managing the sourcing, procurement, conversion and logistics related to your product offering, companies need to create the right relationships with the right companies. This will help to optimize the movement and storage of materials and inventory while at the same time preparing for disruptions. Striking the right balance is not easy.

Topics: supply chain risk management identify risks in supply chains supply chain risks develop strategies for supply chain risks

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