New Momentum, a provider of supply-chain risk-management software for companies that use electronic components in their products, has formed a Supply Chain Risk Management Council. The group initially consists of companies from seven industries, New Momentum said. Their goals are identifying and prioritizing the most critical issues in supply chains today, developing best practices for addressing them, and finding ways to reduce risk. The program began with research by Joshua Greenbaum, analyst with Enterprise Applications Consulting, who interviewed a number of companies on New Momentum's behalf. His goal, the vendor said, was to uncover which risks companies considered to be the "show-stoppers"- those that could have a significant impact on their bottom lines and market shares. Conclusions from the research show that the seven industries share many of the same concerns: supply interruption due to component volatility, natural disasters or geopolitical events, accurate inventory valuations and compliance with the Sarbanes-Oxley Act, outsourced partner compliance, and protection of intellectual property. Members of the new council can participate in roundtable discussions with other members and industry experts, as well as work with New Momentum's software at no cost. Companies interested in participating in the council should contact New Momentum directly.
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