“Your supply chain assessment and monitoring coverage is great. Such visibility into the emerging market supply chain not only uncovers risk, but also gives us many more sourcing options. I can now recommend some of these suppliers to our other offices worldwide. “
Supply Chain Risk Management
Manage supply-chain risk by increasing visibility into your n-tier supply chain
Critical suppliers are not the only source of risk in an organisation’s supply chain. Often, risks germinate from tier two, tier three or even tier four suppliers. Therefore, it is very important for organisations to have deep visibility into their extended supply chain, and identify key performance and risk indicators which they should monitor to avoid any surprises from their supply chain.
Pure research follows a systematic approach to address supply chain risks, through a three step process:
- Mapping and identification of interdependencies in the extended (n-tier) supply chain: We collect information from your critical suppliers on their extended supply chains and analyse this information to identify supply chain interdependencies.
- Mapping of potential risk areas: We conduct research on markets and countries which have a sizeable impact on the extended supply chain of each procurement category, to identify key risk indicators which should be monitored for each category.
- Monitoring risk indicators to spot risk signals: We use our category intelligence framework to monitor key risk indicators associated with each procurement category, and keep our clients updated through reports, news alerts, and periodic newsletters.
This approach allows our clients to stay aware of any potential risk emanating from their n-tier supply chains. To further help them in understanding the depth and probability of some of these risks, we also consult industry experts to capture on-ground intelligence and insights.
There are various indicators that are identified and monitored through our supply chain risk management framework, some of which include:
Market Related Risks
- Demand Side Trends
- Supply Side Trends
- Technological Disruption
- Entry of New Players
- Regulatory Risks
- Economic Growth
- Consumer Confidence Index
- PMI indicators
- Currency Fluctuations
- Commodity Prices
- Monitory/Fiscal Policy
- Environmental Penalties & Accidents
- Employee Issues
- Stakeholder Engagement Issues
- Labour laws
- Responsible Marketing
- Corporate Governance Risk
- Natural Disasters
- Social Unrest
- Changing Political Landscape
- Changing International Trade Relations
- Changing Natural Resource Landscape
- Accidents and Hazards
- Cyber Attacks
- IT and Telecom Disruption
- Business Continuity
- Legal & Intellectual Property Risk
- Fraud & Information Security