The supply chain operation is fundamental to the success of any organization: It is critical to a company’s ability to manage global operations, supply and demand volatility, the accelerated pace of new product and services introductions, and sustainability. Risk management, therefore, is a key consideration when designing and operating supply chains.
New research from Accenture reveals that a vast majority of executives believe supply chain risk management is a priority, and indeed, virtually all companies in our survey reported generating at least some return on their operations and supply chain risk management investment. However, only a small group of companies surveyed employ practices that enable them to generate a significant risk management ROI. How significant? These leaders have experienced a supply chain risk management ROI that exceeded 100 percent.
According to our research, these leaders share three commonalities when it comes to supply chain risk management. To learn more about these three key practices and what specific actions companies can take to improve the effectiveness of their operations risk management function, read Don’t Play It Safe When It Comes to Supply Chain Risk Management.