As supply chains continue to grow in size and complexity, companies are focusing more of their energies on managing supply chain risk. While the topic is gaining prominence in boardrooms, many companies do not yet fully comprehend the risks they face. But understanding risk is the first step to managing it—and using the right IT tools can help. Learn what steps you can take to better address your supply chain risks.
supplier capabilities assessment template
their supply chains. A supplier might have several manufacturing plants, for example, but they are all in the same region ' open to potential disruptions caused by local economic conditions, political situation, or natural disaster. Companies can then strategize, creating contingency plans, lining up backup sources, and thinking proactively. Then there is the issue of single sourcing. To what extent do the advantages outweigh the risks? The impact of such methods on efficiency, cost savings, and stronger