Across all sectors and industries, and for almost all organizations, supply chain risk is high on the executive agenda. When procurement, supply chain, operations and finance leaders want to manage supply chain risk successfully, moving beyond the first-tier suppliers is vital. In this briefing paper, the author explores the following questions:
- Why is supply chain risk important?
- What are the challenges of managing n-tier supply chain risk?
- Which levers can be used for improving second-tier Visibility?
Within the constraints of what is feasible, affordable and manageable, enterprises today should aim to gain as much visibility as possible across the entire supply network.