Supply Chain Risk Assessment: Mining for Potential Threats
An effective supply chain risk assessment can help break down organizational silos and set management and the board of directors on a more strategic path to preventing disruption and avoiding risks. The assessment process, like a supply chain, touches nearly every part of an organization, from R&D, product development, and demand and supply planning to manufacturing, delivery of goods and customer returns. The scope and dynamic nature of supply chains have made risk assessment a crucial component of enterprise risk management.
James Cascone, partner, Deloitte & Touche LLP, and leader of the Deloitte Center for Global Food Value Chain, and Kate Ferrara, principal, Deloitte & Touche LLP, discuss how a supply chain risk assessment differs from other evaluations, how the marketplace may affect an organization’s approach to the assessment, and what an assessment may reveal about potential risks that may have gone unnoticed.
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