Supply chain risk comes in many forms. Now more than ever, it's critical for organizations to identify and reduce these risk factors, while maturing their ability to react to changing dynamics. This flexibility requires visibility, capability and resilience.
In these turbulent times, many are starting to plan ways to identify and eliminate areas where their supply chains are vulnerable. This includes performing supply chain risk assessments as a first step. These assessments analyze your maturity level across people, processes, technology, and partners with self-assessment exercises, and provide you with a road map to achieve your desired, risk-reduced future state.
Organizations everywhere should start by asking three critical questions about their supply chains:
- VISIBILITY: What is our ability to see (sense) changes in supply chain dynamics and to share all relevant information throughout the supply chain as we respond?
- CAPABILITY: What is our ability to prepare and execute an operational plan to meet new supply chain requirements with speed, efficiency and effectiveness?
- RESILIENCE: What is our ability to successfully manage and quickly adapt our day-to-day activities during unplanned events?
What's Your Supply Chain Risk Score? Take the Survey.
We Teach. We Consult. We Do. LeanCor is a strategic supply chain partner that provides managed transportation, supply chain consulting, and corporate training programs. These three, integrated solutions help businesses better serve their customers by eliminating waste, decreasing costs, and building cultures of continuous improvement.
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