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Risk Management Can Be a Competitive Advantage, Part Two

Enterra Insights

One solution often considered is having more inventory on hand, or developing dual supply chains that can deliver the same goods via two routes, in case one becomes impeded. ” As Kenney makes perfectly clear, there are no silver bullet solutions; especially when trying to tackle climate change risks alone.

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How Risk Management Software is Transforming 3 Industries!

Supply Chain Game Changer

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! In fact, 89% of businesses encountered a supplier risk event in the last five years. But not all companies are prepared for this level of risk and complexity. That’s where supply chain risk management software comes in. Subscribe Here!

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It’s Time to Rethink Supply Chain Risk Management

ivalua

Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks. Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. Stockpiling inventory has been the most common response. Increasing Supplier Visibility.

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Supply Chain Risk Management & Supply Chain Resilience: Is There a Difference?

Resilinc

Do you ever get confused when people use the terms supply chain risk management (SCRM) and supply chain resilience? Essentially, one views risk as a potential danger, the other perceives risk as an opportunity to grow and improve. Supply Chain Risk Management (Half-Empty): Sees risk as a threat to be minimized.

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Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

That’s why companies are always looking for new ways to streamline and increase efficiencies while also mitigating the risk within their supply chain. From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. Understanding Supplier Risk Management.

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Coronavirus Increases Supply Chain Risk Management Priority

Enterra Insights

For years I’ve been writing about the importance of supply chain risk management and how it’s often given short shrift in business discussions. Today, ears are no longer deaf to the topic of supply chain risk management. Third, this is a good time to review and update emergency plans and contact information.”

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The Modern Risk Landscape Needs a Strong Supply Chain Risk Management Framework

Exiger Perspectives

Why a Supply Chain Risk Management Framework is Needed A supply chain risk management framework is critical for risk identification and effective management of the inherent and imposed risks in today’s business environment.