Supply Chain Risk Management

The rapid globalization of supply chains has made them vulnerable to disruptions such as economic unrest, demand fluctuations, or natural or man-made disasters with potentially damaging long- and short-term impacts on the business.

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.

A Holistic Approach to Risk Management

  • Identifying risks and consequences
  • Developing an organizational strategy
  • Creating outcome-based plans to manage risk
  • Implementing risk mitigation plans
  • Measuring impact

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 geopolitical, environmental, industry, reputational, financial and operational.

We further segment these 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 risks.

  • Multiple Input Sources

  • Augmented AI Data Analysis

  • Intuitive Reporting

  • Prioritized Action Plans

Multiple Input Sources

Timely and accurate identification of risks is critical to ensure supply chain security. GEP utilizes input from multiple client data sources (e.g. interviews, spend data, inventory levels, supplier scorecards, contract data, supplier audit data and surveys) and external sources (e.g. supplier financial performance, social media feeds, news articles and trend forecasts) to ensure that you are always a step ahead.

Augmented AI 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. Specific recommendations on current and future risks are provided through predictive modeling.

Intuitive Reporting

Facts and numbers alone don’t cut it anymore. With a wide array of real-time data inputs and extensive analysis engines, our supply chain risk management services deliver 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 the alerts enable a 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"; longer-term risks are tagged as "strategic." We filter out the noise to help you develop risk mitigation plans and 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 risk across multiple business units, functions and regions.

Stop Supply Chain Cyberthreats

Today, cybersecurity is one of the top-ranking risks for global companies. Cyberattacks can have far-reaching impact on supply chain operations, of any enterprise. In the absence of a cyberrisk mitigation strategy, deployment of even the best cybersecurity program may fail to protect an enterprise’s supply chain, exposing it to critical vulnerabilities and cyberthreats.

To ensure business continuity and maintain competitive advantage, securing your supply chain against these cyberthreats is essential. GEP helps enterprises build robust internal and external processes to secure their supply chains against cyberattacks and negate the long- and short-term impacts.

Learn how you can secure your supply chain against cyberthreats ― contact us today.

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 risk.

Learn more about GEP's supply chain risk management services. Contact us today.