There is constant pressure on managers to improve the efficiency of their supply chains, allowing materials to move quickly and at low cost. This pressure has encouraged a stream of new initiatives and methods. But there is a growing realization that these new methods also bring unforeseen problems.
Every organisation, whether it manufactures goods or provides services, needs a reliable flow of materials. Supply chain risk management is a particularly relevant discipline with an end-goal in mind, which is to meet and satisfy customer demands. The methods and risk management strategies your business adopts for everything from procurement of goods to control of inventory will have a profound impact on costs, customer service, and your company’s overall profitability.