FEATURE
information collated and aggregated automatically . The result is a snapshot view of the health – or risk – of the supply chain at any time .
This approach gives businesses a time advantage as questionnaires can be sent directly to crucial suppliers in a matter of days or even hours , enabling a quicker understanding of affected products and / or services . This , in turn , helps measure
Effective visibility over today ’ s global and fast-moving supply chains needs to strike a careful balance . the potential impacts posed by supplier risks and determine wider impacts on the supply chain .
Global insights : Giving back to the community
There are broader impacts with a cloudbased solution too .
With multiple organisations using the same tool , they can collectively build valuable global insight into the current state of the supply chain , which then supports other organisations with their resilience strategy .
If the results of such supply chain audits are anonymised and aggregated , suppliers can use them to measure and report on global trends relating to the impact and readiness of supply chains . In turn , such analysis can be used to develop new guidance and create a dialogue to further improve supply chain
Effective supply chain management is particularly important in this time of global crisis .
management . It ’ s about building an international , dynamic knowledge base .
Effective supply chain management is particularly important in this time of global crisis . The effects of the Coronavirus pandemic have transformed the way suppliers are managed and relied upon and created uncertainty for third-party risk programmes . As with so many other areas of response to COVID-19 , by working together , organisations can make a really powerful difference . u
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