As the supply chain network becomes increasingly more complex, the ability to quantify and mitigate your risks throughout the procurement, manufacturing, design, construction and operation lifecycles is vital. If you can identify risks and minimize them you reduce the chances of disruption, as well as protecting your operations, finances and reputation.
What to aim for:
Full visibility across your whole supply chain
- All parties within your supply follow the same requirements (important for both compliance and performance)
- Be in a position to gain a competitive advantage from disruptions elsewhere
- For Directors and Executive teams: robust supply chain management provides evidence of due diligence and business continuity
- For Procurement, Operations and Contracts Managers: formal frameworks help manage effective supplier relationships, provide visibility and deliver projects on time and on budget