Gartner Research

Preparing for the Perfect Storm: How to Minimize Supply Chain Disruptions by Better Defining Risk Factors

Published: 30 September 2016

ID: G00311412

Analyst(s): John Johnson , Laurel Lippay

Summary

Companies put a lot of upfront thought into cost savings achieved from negotiating contracts, but seldom think about what could go wrong in the future. This research will help supply chain leaders focused on sourcing and procurement to identify risks in order to lay the foundation of a risk program.

Table Of Contents

Introduction

Analysis

  • Structure a Risk Governance Council to Proactively Manage Supplier Risk Events and Act as a Decision-Making Body for Communication and Continuity Execution
  • Develop, Proactively, a Risk Register by Examining All Types of Risks and Create a Roadmap for Your Possible, Preferred and Ideal Risk Programs in Order to Define the Risk, and Assign a Probability, Impact and Cost to Mitigate
  • Build Out a Supplier Risk Mitigation Plan for High-Risk Categories and Influence Discipline Across the Organization

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