Whether financial crisis, natural disaster, cyberattack or, as we have recently witnessed, pandemics, every company in every supply chain is continually faced with threat of disruption. It is often said that a supply chain is only as strong as its weakest link. But in today’s complex global supply networks, how do you find the hidden vulnerabilities – and what can you do to prevent disruption and lessen any impacts?
In this book, you learn the basics of supply chain risk management (SCRM), and how companies are using SCRM systems to create more resilient supply networks. The author also outlines how using a technology-based SCRM system provides visibility into your supply base. This allows you identify risk and monitor threats in real time all along the supply chain, how to assess their impact, and mitigate the effects.
Filled with wise advice and practical to-do tips, riskmethods Supply Chain Risk Management for Dummies offers easy-to-use guidelines on how to get started. You’ll discover:
- Why supply chain risk management helps protect resources and revenue
- How to begin monitoring for risk, how to visualize threat and impact, and ways to communicate risk data clearly
- Where you can uncover weak spots through collaboration with supply network partners
- Which measures you can take to fix the vulnerabilities in your supply chain and protect your supply chain from disruption.
The book also explains why supply chain risk management adds value to enterprises, and offers advice on making the business case for an automated SCRM system. You learn why digital technology can give you competitive advantage, strengthen your supplier collaboration and improve your business reputation.
