LEADERSHIP
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What are the biggest challenges companies face to manage their supply chain effectively ? Although organisations are aware of the importance of maintaining visibility over their supply chain , the reality is that there tends to be limited transparency due to the complex and disparate network of partners that perform a variety of activities on behalf of an organisation . Businesses that operate in this environment adopt a reactive approach to managing risk , which exposes a business to vulnerabilities including regulatory non-compliance , reputational damage , and operational disruption . Without adequate visibility over a supply chain , an organisation is unable to build resilience by putting in place appropriate controls and governance to manage and monitor its network of partners . Furthermore , many organisations lack customised technology platforms that would enable a deliberate and structured approach to assessing the risk profile of their supply chain partners and tracking control gaps over the contracting lifecycle . These limitations create challenges
JANUARY 2020