The rapid globalization of supply chains has made them vulnerable to various supply chain disruptions such as economic unrests, demand fluctuations or natural/man-made disasters with potentially damaging long- and short-term impacts on the business.That's why enterprises need resilient supply chains to minimize the negative impacts of disruptions on revenues, costs, and customers.
Not surprisingly, understanding and effectively managing supply chain risk is a key capability for building and maintaining resilient supply chains.
GEP's supply chain risk management services enable clients to proactively assess, prioritize, mitigate and manage risk for improved business results. Our supply chain experts help you map your supply networks, identify risks, assess potential impacts and prepare supply chain contingency plans well in advance to mitigate risks and ensure business continuity.
Extensive Risk Management Portfolio
Keeping supply chain optimization at the core, GEP embeds supply chain risk assessment and management into your supply chain strategy. Our focus on supply chain risk spans multiple dimensions, including geo-political, environmental, industry, reputational, financial and operational risks. We further segment these further into short-term, medium-term and long-term risks to better prioritize action plans. We use our proprietary Supply Chain Risk Management Model to aggregate risks across the supply chain and catalog mitigation strategies for effectively addressing the identified risks. The visual output allows organizations to see their risk map and facilitate cross-functional dialogue to mitigate the risk.
Multiple Sources of Inputs
Timely and accurate identification of risk is critical to ensure supply chain security. GEP utilizes inputs from multiple client data sources (e.g., interviews, spend data, inventory levels, supplier score-cards, contract data, supplier audit data and supplier surveys, etc.) and external sources (e.g., supplier financial performance, social media feeds, news articles and trend forecasts, etc.) to ensure that you are always a step ahead.
Augmented, Artificial Intelligence Data Analysis
GEP uses intelligent algorithms to consolidate and classify real-time data from thousands of sources to identify patterns and trends in your supply chain. These results are further augmented by a team of experienced analysts. The engine provides specific recommendations on current and future risks through predictive modeling.
Intuitive, Informative Reporting
Just facts and numbers don’t cut it anymore. With a wide array of real-time data inputs and extensive analysis engines, our supply chain risk management services offer curated, actionable insights through supply chain management dashboards tailored for executive and operational stakeholders, with multiple drill-down and alert options. GEP helps you identify and address urgent issues before they turn into major problems.
Prioritized Action Plans
Just knowing that something unfavorable has happened is not enough. Supply chain risk alerts hold value only if the consequences are well understood and they enable timely and appropriate risk mitigation response. With GEP, each risk type is prioritized based on "event likelihood" and "business impact." Short-term risks are tagged as "urgent" whereas longer-term risks are tagged as "strategic." We filter out the noise to help you develop risk mitigation plans, escalation mechanisms and enable higher focus when dealing with risks.
Count on GEP
GEP's comprehensive approach toward supply chain risk management ensures that companies implement the right level of structure, rigor and consistency in managing supply chain risks across multiple business units, functions and regions.
Our unique combination of robust processes, big data feeds, augmented artificial intelligence, predictive analytics and reporting frameworks helps enterprises proactively identify and mitigate supply chain risks.