What Does SCRM Mean for Supply Chain Visibility?
Having a good supply chain risk management program in place helps you complete your 360-degree view of your suppliers’ risk exposure. In combination with your supply chain control tower, your SCRM program should enable you to see the risk exposure of your end-to-end supply chain, including financial health and current and emerging threats.
Attaining full supply chain visibility requires functionality that alerts you to disasters and market changes that might affect your suppliers or transportation centers—which are integral elements of an SCRM program.
Improving supply chain visibility via risk management is no easy feat. But in the end, the payoff is worth it. Having full visibility, inclusive of risk, is the best way for you to maintain control of your supply network—and a supply chain risk management program that enables information sharing, disruption awareness and coordinated response is an effective way of getting the 360-degree view that you need. In other words: supply chain visibility without SCRM leaves you partially blind.