Four-step strategy in developing a Supply Chain Risk Management Process

Four-step strategy in developing a Supply Chain Risk Management Process

From our previous post about ๐˜ฃ๐˜ณ๐˜ช๐˜ฏ๐˜จ๐˜ช๐˜ฏ๐˜จ ๐˜ค๐˜ญ๐˜ข๐˜ณ๐˜ช๐˜ต๐˜บ ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ญ๐˜ฆ๐˜น๐˜ช๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ถ๐˜ฑ๐˜ฑ๐˜ญ๐˜บ ๐˜ค๐˜ฉ๐˜ข๐˜ช๐˜ฏ, it is clearly understood that the foreseeable changes in the world greatly bring about risks that can affect business operations.

๐ˆ๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐จ๐ซ๐ ๐š๐ง๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐ซ๐ž๐š๐๐ฒ ๐ญ๐จ ๐ฆ๐š๐ง๐š๐ ๐ž ๐š๐ฅ๐ฅ ๐ญ๐ฒ๐ฉ๐ž๐ฌ ๐จ๐Ÿ ๐ซ๐ข๐ฌ๐ค๐ฌ?

An article from McKinsey sheds light on how advanced companies invest more time and money in putting together supply chain risk management teams and processes to be more prepared when adverse challenges arise.

Although many organizationsย take a more reactive approach to supply chain disruptions, it is critical to systematize and classify the level of each potential risk in order to strategically improve supply chain resilience while keeping required costs and efforts to a minimum.

The image below shows a four-step strategy in developing a systematized supply chain risk management process.

๐“๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ข๐ง๐  ๐š๐ง๐ ๐š๐ฌ๐ฌ๐ž๐ฌ๐ฌ๐ข๐ง๐  ๐ฌ๐œ๐ž๐ง๐š๐ซ๐ข๐จ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐ญ ๐ฉ๐ซ๐จ๐›๐š๐›๐ข๐ฅ๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซ ๐ฉ๐ซ๐ž-๐ข๐๐ž๐ง๐ญ๐ข๐Ÿ๐ข๐ž๐ ๐ซ๐ข๐ฌ๐ค๐ฌ, ๐จ๐ซ๐ ๐š๐ง๐ข๐ณ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐œ๐š๐ง ๐ฆ๐š๐ค๐ž ๐ก๐ข๐ ๐ก-๐ฅ๐ž๐ฏ๐ž๐ฅ ๐ข๐ฆ๐ฉ๐š๐œ๐ญ ๐œ๐š๐ฅ๐œ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐ญ๐ก๐š๐ญ ๐š๐ฅ๐ฅ๐จ๐ฐ ๐›๐ž๐ญ๐ญ๐ž๐ซ ๐ฉ๐ซ๐ข๐จ๐ซ๐ข๐ญ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐œ๐จ๐ง๐ญ๐ซ๐จ๐ฅ ๐ข๐ง ๐œ๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ข๐ง๐  ๐ฌ๐ข๐ญ๐ฎ๐š๐ญ๐ข๐จ๐ง๐ฌ.

Employers should help their employers deal with future problems by encouraging them to be open about them. They should also encourage their employees to come up with a set of proactive and reactive ways to deal with problems and promote general risk awareness.

Take proactive steps toward operational excellence with ValueInfinity. Our consulting services can help you navigate the complexities of the business world through organization development, strategic plan alignment, and continuous improvement. Don’t wait for disruptions to occur; start your journey towards operational excellence with us today.

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DecisionMaking,OperationalExcellence,riskmanagement,supplychain
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