5 Expert Risk Management Strategies: A 2024 Guide for Supply Chain Managers

How do supply chain risk managers balance cost and finite resources against growing risk loads?

 

Expert Risk Management Strategies give you insights into the tactics and tools used by industry experts to manage and minimize exposure to cost of disruption. Get practical strategies to 5x your SCRM effectiveness.

 

Lay Strong Foundations

Build solid risk management foundations that can be scaled and use financial health as a critical metric underpinning all supplier risk domains.

 

Triage Effectively

Triage risk effectively to prioritize areas of focus and understand where your risk management efforts will have the greatest impact.

 

Resource Adequately

Quantify and evaluate the impact of risks on your organization’s strategic goals in order to resource appropriately.

 

Collaborate Transparently

Cultivate trust and transparency in supplier relationships to enhance mutual understanding and investment in the risk management process.

 

Evaluate Performance

Measure the impact and quantify the benefits of risk management efforts