Tag: supplier risk

How Digital Supply Chains Help Companies to Mitigate Supplier Risk

In every annual report of global Fortune 500 companies, you will read through a section dedicated to monitoring, managing and mitigating supply chain supplier risk. It’s nearly impossible to navigate a supply chain career without experiencing a supplier disruption at some point that significantly impacts the bottom line. Because of its potentially catastrophic consequences, most organizations go to great lengths to develop and adopt supplier risk strategies. Mainly, traditional supplier risk management strategies involve surveys…
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Three Things to Consider When Developing a Supplier Risk Mitigation Strategy

It’s nearly impossible to navigate a supply chain career without having experienced a supplier disruption at some point. Supplier disruptions come in many forms and range in severity. At best, a supplier disruption forces manufacturers to order materials from a secondary supplier for a brief period. At worst, supplier disruptions halt production for extended periods and can even threaten to shutter a business. Because of their potentially catastrophic consequences, most organizations develop and adopt comprehensive…
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