Supply chain risk management isn’t a standalone process. The best way to fully realize the benefits of an SCRM program is to make sure it’s being used to help other elements of the organization. Are you sourcing suppliers based on their risk profiles? You should be. Are you taking risk into account when defining your category strategy? You should be. Are you highlighting your supply chain risk management program to reduce contingent business interruption insurance? You should be.
Supply chain risk management doesn’t stop at the supply chain. Make sure you’re taking advantage of its benefits for all elements of your enterprise!