Supply chain risk management has a component that many companies (and many risk management experts) fail to consider; the ability to respond. This paper goes through typical mitigation planning strategies, to new risk management approaches, to the specific capabilities required to succeed, highlighting:
The 4 steps to analyzing and mitigating supply chain risks
The need for response management as part of a supply chain risk management strategy
The 6 capabilities needed for supply chain risk mitigation and response
Supply Chain Risk Management: Knowing the Risks — Mitigating and Responding for Success
The last few years have seen significant events around the world that have only heightened the awareness of how detrimental risk can be to the business. This has caused supply chain risk management to become front and center in organizations' minds.