These risks can delay or completely disrupt the supply chain, threatening on-time delivery, manufacturing processes and customer commitments. It’s impossible to completely eliminate risk from your supply chain, but organizations can take steps to minimize exposure to risk and even eliminate the impact of risk events with careful planning, tools, and processes to anticipate and manage risk more effectively.
Download this white paper to learn about the three aspects of managing risk:
- Risk Identification
- Risk Assessment
- Risk Mitigation
Then the aspects weave through 8 principles to help guide companies as they mature their supply chain risk management program and make changes to proactively respond to and minimize the impact of risk events.