The impact of natural and man-made disasters on the supply chain, and their operational and economic implications on the business are well known and understood. Yet many, in fact most enterprises don’t have a plan for – and react unprepared to – these supply risks, exacerbating the problem. Advancing from a reactive to proactive mitigation strategy requires effective risk mapping and predictive modelling – but where and how to start?
A new paper by Procurement Leaders and GEP, Mapping and Modelling Supply Risk, discusses how enterprises can identify and mitigate supply risks more effectively through better planning and response management. The paper also shares strategies procurement leaders can implement to make their supply chains more resilient to supply risks.
A must read for prudent procurement and supply chain leaders.