Organizations are increasingly experiencing rapid supply chain expansion with a decentralized supplier base that requires collaborating across multiple supply chain partners (tiers) possibly in different geographies. While this has resulted in several business benefits it has also resulted in a more unstable supply chain that is vulnerable to various types of disruptions caused by uncertain economic cycles, consumer demands, natural and man-made disasters and complex compliance requirements. Managing risk in the supply chain is more critical than ever, yet is also daunting.
In this webinar, we will:
- Review the different types of supply chain risks
- Examine when risk may be acceptable
- Provide a framework to assess and manage certain risk situations
We will also touch upon the role of technology in streamlining the risk management process through automation of Supplier Risk Analysis, Control Design and Assessments, Loss Tracking and Key Risk Indicators (KRIs), Issue Management and Remediation, and Risk Scorecards and Dashboard Reports.