Mitigate l Supplier Lifecycle Risk Management
Mitigate risk and protect your supply base. JVKellyGroup can help you mitigate risk by designing and implementing contingency plans, identifying and strengthening weak points in your supply chain and implementing alternative sourcing strategies.
- Uncover potential supply management weaknesses, both internal and external, such as back up for supplier failure, internal knowledge management, etc.
- Develop and implement policies and processes.
- Review and update plans on a consistent basis to stay in line with changes in the marketplace.
JVKellyGroup Mitigation strategies will keep you ahead of the game in an instance of supplier disruption and help you:
- Audit your Continuity of Business Plans as it relates to your supply chain as well as your suppliers’ Continuity of Business plans to ensure your business is covered in events such as severe weather, natural disasters, geo-political instability, equipment malfunction, etc.
- Review and supplement Disaster Recovery Plans as it relates to your suppliers to help ensure that when a disaster happens your team and your organization can react quickly with their suppliers.
- Document and implement alternative sourcing strategies to identify new sources of goods and services in the event of an unforeseen circumstance.
- Review and update plans on a consistent basis to stay in line with changes in the marketplace.