A New Methodology to Manage Supply Chain Risks

January 12th, 2007 9:09 pm Category: Risk Management, Supply Chain Improvement, Supply Chain Planning, by: Editor

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Profit Point’s consultants interact daily with companies at the senior and mid-management level. We are seeing many risk management issues as a common theme during these discussions.

If your supply chain and supplier base is complex, then understanding risk may be one of the top challenges you and your purchasing managers face.

  • Are you effectively and pro-actively managing supply assurance and risk?
  • Do you know where to focus your supply chain risk reduction planning?

If your supply chain and supplier base are complex, then this may be one of the top challenges you and your purchasing managers face today and in the coming years. Yesterday’s reactive approach to supply chain events and disruptions or just performing risk assessments on new suppliers is no longer adequate in today’s world of lean manufacturing and global sourcing.

If you would like to try a better, systematic approach to risk management, we have a new, proprietary methodology and quantitative risk assessment tool that can help you get your arms around the risk management issue. Companies that have tried our tool found the cost and resource requirements are modest while the savings are huge.

We can help you quickly assess specific commodity categories or your entire supply chain to identify the major sources of risk and potential business disruption so that either they can be eliminated or contingency plans can be developed to keep the impact within acceptable limits. If you would like to learn more about this tool and methodology, please contact us. We look forward to hearing from you.

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