Welcome back to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. Today, I\u2019ll be reviewing a whitepaper entitled \u201cThe Five Most Common Supply Chain Risks and What You Can Do To Avoid Them\u201d from Aravo and Purchasing Magazine.<\/p>\n
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What a great title! And when I first downloaded the PDF and saw that it was only three pages long, I said to myself \u201cThis is my type of whitepaper!\u201d<\/p>\n
Unfortunately, though the whitepaper touched on some good points, three pages \u2013 actually two because one was a cover page \u2013 didn\u2019t seem like enough for covering the topic of avoiding five supply chain risks. Nonetheless, there are some excerpts worth repeating here.<\/p>\n
For example, the first supply chain risk mentioned is \u201cTrusting historical trends.\u201d With regard to this \u201crisk,\u201d the whitepaper advises the reader to \u201cutilize processes and solutions that can automatically update information from suppliers, allowing you to track against current data that will be meaningful to supplier performance in the next year\u2026such as credit rating, delivery performance for the past six months, insurance certifications, product quality for the past six months, etc.\u201d<\/p>\n
Yes, that is indeed advisable. But the whitepaper fails to go into depth about what exactly the reader should be looking for in such data and what actions should be taken upon identifying red flags.<\/p>\n
Another excerpt I\u2019ll cite is from the last \u201crisk\u201d listed, \u201cLimiting risk assessment by relying on too few factors.\u201d The advice given in this section of the whitepaper is \u201ccollect and analyze multiple metrics on suppliers. Be sure to include insurance certificates, supplier delivery performance, product quality, factory audit results, etc.\u201d<\/p>\n
Again, good, if not too general, advice. A little redundant with the first \u201crisk,\u201d also.<\/p>\n
If you\u2019re looking for quick, high-level bullet points on supply risk avoidance, maybe this is the whitepaper for you. You can download your own copy from Purchasing Magazine\u2019s Web site (registration required). But I tend to be more of a fan of Aravo\u2019s blog, @Risk, which explores supply chain risk in more detail and is actually quite a thought provoking read. I recommend that you check that out as well.<\/p>\n","protected":false},"excerpt":{"rendered":"
Welcome back to another installment of Whitepaper Wednesday here on […]<\/p>\n","protected":false},"author":12,"featured_media":4024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\n