supply chain risk review

Challenges

The effective operation of the supply chain is the lifeblood of many organizations. Ensuring that the supply chain delivers goods, services and information to customers cost-effectively is vital. In recent years, however, many supply chains have undertaken significant change through a mix of technology change, new sourcing arrangements (often offshore), outsourcing and regulatory change. The transformation from a domestic, largely manual, supply chain to an international and highly automated supply chain, can expose an organization to risks not previously encountered. Without understanding potential risks an organization may be exposed to risks that have not been adequately considered and mitigated. Whether management has concerns, something has happened or for good governance, it is important to undertake a regular risk review of the supply chain.

Approach

To undertake a Supply Chain Risk Review we undertake a five-step process:

1. Develop an understanding of the supply chain using our proprietary Supply Chain Strategic Review methodology

2. Accelerated insight workshop considering the strategic and operational risks (internal and external) that could impact the business

3. Consider the opportunities to mitigate/reduce risk and improve performance using our ‘insight-led’ knowledge of better practices in supply chain

4. Accelerated design workshop to develop risk and performance improvement and ensure buy into change by key people in the organization

5. Reporting and follow-up

This is a highly pragmatic, ‘insight-led’ approach to assessing risk (and opportunities) in the supply chain. Utilizing our knowledge of leading supply chain processes, systems, and performance metrics we can efficiently identify key supply chain risks and mitigation strategies.