The Supply Chain Risk Management Playbook: Navigating an Uncertain Future
In many industries, globalization has resulted in the consolidation of suppliers and increasingly interdependent Supply Chains. Globalization has increased efficiencies and economies of scale, but it has led to decreased diversity of sourcing and supply options.
Increasing geopolitical tensions, pandemic related lockdowns, and ideological polarizations have increased supply chain disruptions for many products and materials.
Supply Chain Risk Management System
An active Supply Chain Risk Management System cannot ensure continuity of supply, however, it can provide a playbook with options when sources of supply are threatened.
Download our free eBook “The Supply Chain Risk Management Playbook: Navigating Through an Uncertain Supply Chain Future” as we advise how to identify and respond to the unique risks that affect your business.
This Playbook details the various concepts that will secure your operations, including:
- Planning the Risk Management assessment
- Conducting the Risk Management assessment
- Checking your findings
- Acting on your findings
Planning the Risk Management Assessment
During the planning stage you will define the project charter and assess your organization’s Risk Tolerance.
Conducting the Risk Management Assessment
Once management has defined success and risk tolerances, it’s time to take action and conduct the assessment.
Check your findings
This step must be tailored to the risk being assessed. Here you will build the risk models and validate the assumptions with your stakeholders.
Act on your findings
Once all appropriate stakeholders have agreed to the change, put the risk mitigation strategy into action.
For full details on each of these critical stages, download the complete Playbook below:
Installing a well-functioning Supply Chain Risk Management Operating System is a journey, not an event.
Enhancing responsiveness to risk provides competitive advantages, especially in industries where competition for key vendors, access to resources, and logistics constraints are prevalent.
USC Consulting Group’s Supply Chain experts have over 50 years of industry experience with the latest risk management practices and can help you with your unique challenges. Contact us to remove the risks and start driving operational improvements in your business.