“Companies often struggle to maintain consistent investment in supply risk management , allowing their preparedness measures to degrade over time ”
VICKY KAVAN DIRECTOR OF PROCUREMENT AND PURCHASE-TO-PAY ADVISORY , THE HACKETT GROUP to prepare and practice , enhancing their confidence and proficiency . These activities ensure that plans will be effective and provide a secure environment for learning valuable lessons ,” adds Vicky .
Best practices to keep risk management strategic and valuable :
• Seek guidance from leadership or corporate risk and compliance teams on the important risk domains that should be continuously assessed and monitored
• Focus time and effort on the most critical supply chains and most significant risks
74 May 2024