Supply Chain Risk Management
While the benefits of Low Cost Supply Chain are apparent, companies are able to reduce the cost of goods, and free-up resources to focus on core value-adding activities. However, these benefits are often accompanied by greater supply chain complexity and exposure to new risks.
SupplyWeaver has developed an integrated set of diagnostic tools and related services that help clients identify, prioritise and address supply chain risk.
THE ACTIONS INCLUDE
Risk Assessment: Analyze and provide a list of risk elements of your supply chain, evaluate their potential impact. Using established and tested risk quantification tools to assess the likelihood of their occurrence.
Risk Management: Design an appropriate risk-control framework which covers effective risk management, internal/external environment, business objectives, event identification, risk assessment, risk response, control activities, communications and monitoring procedures.
Risk Mitigation: Ensuring the proper implementation and continued application of an effective risk-control framework – procedures, training, monitoring and reporting.
