Avoid Three Key Supply-Chain Land Mines
Be aware that not all risks are obvious, prepare for the unexpected, and train employees on risk-management actions.
Managing supply-chain risk requires the ability to effectively and continuously apply three pillars of risk mitigation. Similar to the three legs of a stool, these are of equal importance, and when combined create the foundation for a comprehensive risk-management strategy.
1. Look Beyond the Obvious
Some organizations focus on mitigating risks that are palpable and overlook less-obvious ones. For example, are you aware of the risks that exist throughout the chain of custody for critical purchase components?
Many distributors source products and equipment components from offshore sources whose quality standards are often less robust than in North America. I worked with an organization where the keys on the keyboard of an important piece of equipment were sticking. After an exhaustive analysis, the fault was found to be a process change by a subtier supplier (i.e., a supplier to a subcontractor), which had reduced the amount of dielectric grease applied between keys.
What mechanism do you have in place to confirm the origin of critical equipment or components? How are you able to ensure consistent quality of these goods?
Posted: 6 hours 6 minutes ago
Posted: 05/17/2013 08:09:00
Posted: 05/09/2013 02:52:00
CIO Midmarket Summit
LOCATION: Miami, FL || A forum for innovative technology leaders in the midmarket segment. June 2-4, 2013 For more information...Jun 2, 2013
Northwest Middle Market Conference
LOCATION: Seattle, WA || The annual conference is the largest of its kind in the Northwest and has becomeAug 1, 2013
Middle Market Americas Conference 2013
The middle market is the growth engine of the future for economies in the Americas. While this segment is alreadySep 13, 2013
Midsize Enterprise Summit West 2013
LOCATION: Phoenix, AZ || Today’s Midsize Enterprise CIOs are tackling their toughest challenges ever in face of a tech landscapeSep 22, 2013
National Summit for Middle Market Funds
The Summit offers a unique environment to connect with fund managers, limited partners, investment bankers and select service providers overOct 13, 2013