Natural hazards, strikes, sanctions, fires or insolvencies—many types of risk events can cause supply disruption. With globalization, regulations and the hyper-connected world, disreputable suppliers can also threaten the purchasing company’s brand. Supply chain risk management may seem like a complex topic, but the basic elements can be boiled down into three steps: identify risk, assess risk and mitigate risk.
In this e-book, you will learn:
- What each phase in the supply chain risk management life cycle means.
- The steps you need to take in each phase to make sure you’re comprehensively addressing supply chain risk.
- How to choose technologies that advance your supply chain risk management program.
Companies can enlist automated, continuous and active monitoring to ensure that their enterprise, as well as all suppliers, operate both legally and ethically.