Supply Risk Management
There are significant pressures on the Procurement executives to improve the efficiency of their supply chains. Responding to these pressures has led to changes in several key areas: to the production process, through lean production and just-in-time manufacturing; to supplier consolidation, through single source suppliers; and to macro economic factors, through global outsourcing and credit restructuring. These changes have increased the inflexibility of the supply chain, which in turn leads to increased risk of the supply chain causing production interruptions. Supply Risk Management (SRM) is now a requirement for the continuous and profitable delivery of goods and services.
Supply Risk Management must include the ability to identify and evaluate the risk levels in many facets of the production process; from the financial condition, to the complete operational capabilities of the suppliers. BBK provides a complete list of services to both identify and evaluate risks as well as implement the process and production improvements necessary for increased profitability in today’s complex environment. Remember, it is not only the supplier who goes out of business that can hurt your company’s performance results. If your supply chain is not delivering the improvement in products and prices that are delivered by your competition’s supply chain, you are falling behind.
Let BBK experts in both financial and operational risk management help you make sure your supply chain is performing at world-class levels. BBK has more than 30 years experience improving supply chain performance. Call us today regarding the simplest question.