Supply Chain Risk Management: Knowing the Risks - Mitigating and Responding for Success

In supply chain there are many decisions that while risky, could result in significant benefit to the company; introducing a new product, expanding into different markets, outsourcing manufacturing operations. How we manage those risks separate those who succeed from those who fall short. Companies that take risks and plan for them (have mitigation strategies defined should the risk materialize) are likely to be more successful. But having a mitigation strategy isn’t enough. What is also required is a strategic competency in responding to the unexpected. This ability is a combination of agile processes and tools that allow a company to recognize an event, assess the impact, and respond accordingly.

This white paper discusses:
  • The awareness of supply chain risk management and why it matters
  • How business processes can drive supply chain risk
  • 4 steps to analyzing and mitigating supply chain risks
  • Why risk management planning efforts must be complimented by a strong supply chain response management competency
  • Capabilities needed for supply chain risk mitigation and response

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