Understanding the risks inherent in your supply chain is becoming all the more important as remedial action becomes ever more expensive. The risks within a supply chain and extended supply chain can be business critical, from key suppliers going bust to CSR failings that could deliver high-profile and negative publicity.
Vendigital’s supply mapping and analysis provides clarity across the entire supply chain. Likely risks are identified and prioritised by analysing the supply chain elements through multiple perspectives including CSR, financial viability, commercial risk etc. This allows further investigation into specific suppliers to be targeted at the higher risk areas.
Knowing where the risks are allows the risk profile of a supply chain to be greatly improved. Better suppliers, dual sourcing, buffer stocks etc. are all valid options in the right situation. Random audits and communication of policy through the supply chain significantly reduce CSR or HSSE risks. However, the key in reducing the impact of a failure is the ability to make changes in the supply chain quickly. Vendigital’s Supply Chain Responsiveness methodology can provide an organisation with exceptional flexibility to react to change and mitigate risk.
"The Vendigital platform is ideal for the public sector. The bulletin board feature is particularly useful, since suppliers have an open view of all questions and every answer. "
John Kilner
Senior Consultant
PWC
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