Yet as companies look to expand their global footprint, supply risk
is emerging as a concern for the entire executive suite, not just the procurement or supply management chief.
The purposes of this article are to describe characteristics of inbound supply that affect managerial perceptions of supply risk
and to create a classification of those supply risk
As the global economy slowly begins to recover, a new business climate is taking shape that will permanently change the way organizations think about and manage supply risk
The recent combination of a volatile and down trending economy, the credit crunch, fluctuating raw material and energy costs, global labor challenges, new compliance requirements, political unrest in developing markets and global supplier quality concerns have really created a perfect supply risk
storm for virtually all Global 2000 organizations," said Jason Busch, Managing Director of Azul Partners and Editor of Spend Matters.
Cost savings may be job number one today, but the current economic crisis portends an equally disturbing storm brewing on the horizon: heightened supply risk
The Supply Risk
Monitoring (SRM) service (http://srm.
The rating affirmation recognizes the continual strong operational and financial performance and increased crude supply risk
from Petroleos de Venezuela S.
To combat this, Aberdeen recommends that companies "implement a supplier performance and risk management technology layer across all business processes to ensure corrective and mitigating actions identified by program objectives are taken and utilize tools to mitigate supply risk
and limit financial impact of disruptions.
Risk mitigation and outsourcing: Alternative models for managing supply risk
In addition, SunOpta's global supply sourcing capabilities are expected to generate significant benefits to Hess's customers via year-round global supply risk
management, consistency of supply and cost efficiencies.
The rating affirmation recognizes that the credit profile of MSLP has improved appreciably, exceeding the financial norms for the rating category, while crude supply risk
has also heightened.
In addition Verticalnet will provide a hands-on demonstration of and review best practices in supply risk
assessment, containment and tracking.