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Risk is everywhere. Adverse events can and will happen at any time. With today's global supply networks, a disaster thousands of miles away can and will challenge your operations locally. And when events hit your supply chain, disruption and financial, operational, and reputational damage are not far behind.
Why is it so important to manage risk in your supply chain? Supply chain disruptions are costly – on average 4.2% EBITDA loss per year. Short lead times and low inventory - minimal stock makes disruptions weigh more heavily. Brand reputation is at risk – operate sustainably and meet compliance standards.
Supply chain risk management (SCRM) is neither a project nor a tool. It must be deeply rooted in your day-to-day procurement and supplier management operations. So the goal is to create a powerful SCRM program to enable effective operations, fueled by solid structures, educated teams, and digital technology. But how do you get started?
This framework guides you through four steps:
Learn how to successfully introduce an SCRM program within your enterprise. Get started now on your journey to greater supply chain resilience.
Please CLICK HERE to download the white paper.
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