@Risk

Has your company spent the last few years adjusting to a “new normal?”

For many firms, the answer to that question is an unequivocal “yes.”

Without a doubt, pressures from the global economy have transformed business practices throughout the enterprise, and recently released key issues research from The Hackett Group confirmed that many large companies are adapting to a new status quo characterized by increased volatility and uncertainty in:

• demand,
• cost of raw materials and energy, and
• availability of talent.

In fact, nearly one in five companies in The Hackett Group’s 2012 study said they expect to see 25 percent or more volatility in these areas over the next two to three years.

How will companies adapt? The research shows that many companies are focusing on: (more…)

How effective are your supply risk management programs? Do you consider them a strategic advantage, or are they merely a box to be checked for compliance requirements?

If you are interested in learning more about how your company’s effectiveness and efficiency in managing supply risk compares to your peers, it’s time to complete the Supply Risk Management Performance Study Aravo is now offering in partnership with The Hackett Group.

But, do it now. The study is only open until tomorrow, April 23, 2010.

By participating in this study, you’ll learn: (more…)

This blog is devoted to building awareness about the importance of effective, holistic supplier risk management programs. So, every now and again, I have to ask:

Do you feel your company’s supply risk management strategies are providing the value they should? Is managing supplier risk a strategic advantage for you, or is it more just a box to be checked for compliance requirements? And, in terms of supply risk management, where do you think your company stands compared to its peers?

Aravo and The Hackett Group have been working for awhile on a new survey designed to help you gain insights into questions like these,  and I’m happy to report that our co-sponsored Supply Risk Management Performance Study is now open for participation.

This study will run until April 2, 2010 and is available at no cost to participants.

We’re looking for supply risk stakeholders –in procurement, supply chain, risk management, EH&S, or general management –to take part. All study participants will receive a research report and an exclusive invitation to a webcast that will discuss key findings from the research. It’s a great way to learn: (more…)

Yesterday I introduced you to supply chain guru Pierre Mitchell, from The Hackett Group, and we discussed the importance of considering supplier risk from another perspective, namely the perspective of the seller/supplier. I encouraged you to start asking what may, at first, seem like difficult questions, such as:

• (more…)

These days, supplier risk is emerging as a top business concern. Companies are turning a critical eye on their suppliers hoping to get a handle on thorny questions about financial viability, price, scheduling, workforce issues, compliance, etc.

But in the midst of all this supplier risk analysis, it’s critically important to remember one significant detail: your suppliers are eyeing you right now, too. They’re weeding out poor customers, eliminating headaches, and mitigating risk from the perspective of sell. Of course, no one wants to be caught off-guard– especially in today’s business environment. So, if you haven’t done so recently, it’s time to take a look at a list of your critical suppliers and ask yourself a few probing questions, such as:
(more…)