Supply Chain Risk – Getting To Grips With n-Tier Visibility: Why Is Supply Chain Risk Important?
A typical risk management process involves identifying key or critical suppliers, and then obtaining information about those supplying firms. The theory goes that if you can get early information if and when there is any danger of a supply problem, you can take action to mitigate the risk. The problem with this theory: it isn’t just the first tier (the suppliers who directly provide goods or services to the buying organization) that is important. Often the critical supply chain risks lie at the second tier (the suppliers’ suppliers) or even further “down” the supply chain, at the n-Tier. If an organization really wants to understand the potential risk issues that could have serious effects on the business, gaining visibility of the further and wider supply chain is vital.
It is not always easy to know your end-to-end supply chains for critical materials, but for any organization that is serious about risk management, it is essential.
Whitepaper: Getting To Grips With n-Tier Visibility
Thankfully, we have a new whitepaper to show you how to start managing n-Tier risk. The paper covers:
- How to manage n-Tier supply chain risk
- The challenges of managing second-Tier risk
- Levers for improving second-Tier visibility
- What success looks like
You can find the paper here, and please share your suggestions for managing n-Tier risk in the comments section below.