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Supply Chain Scandals Are Preventable. Here's How.

There are countless ways in which a supply chain can go wrong. And most of the time, the culprit is poor risk management.

Supply Chain Scandals Are Preventable. Here's How.

From contaminated product to bad behavior on the part of employees, companies are constantly facing threats to the reputation of their brands, and the health and safety of their customers. The possibilities for failure are so vast that top executives might be tempted to focus the bulk of their efforts on damage control after the fact. But many if not most supply-chain-related disasters are preventable. The key is having a proper enterprise risk-management (ERM) program in place, says Steven Minsky, chief executive officer of ERM software vendor LogicManager. He joins us on this episode to lay out the tenets of an effective ERM program. He offers a definition of poor governance, cites the reasons behind the most frequent breakdowns, and explains how companies can undertake qualitative and objective risk assessments. It’s about more than just having a good policy in place. Hosted by Bob Bowman, Managing Editor of SupplyChainBrain.

Look for a new episode of the podcast, which can be downloaded or streamed, every Friday on the SupplyChainBrain website and iTunes.

Show notes:

A blog post by Steven Minksy: “What Is Good Governance, and Why Should We Care?

Stream or download podcast here

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