Risk Management Technology for the Supply Chain - Sponsored Whitepaper

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ChainLink Research
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As corporations contemplate the ever-increasing complexity of their business transactions, the question of risk management often, or should often, come up. Discussions often center on probabilities of disrupting events, which, unfortunately, often have little real science to support them. Identifying the sources of risk and predicting how it will affect us are more of an art than a science. Therefore, understanding specific vulnerabilities and their impact, and taking action to sustain the business (continuity planning) if a disruption does occur has become a primary focus. Better methods of risk avoidance coupled with building continuity or resiliency into systems and processes has yielded more effective results. In addition, progress in both stabilizing the supply chain’s response to risk as well as in continuity planning has yielded ROI, since business reviews and cross-functional dialogs can occur. These efforts often result in overall improvement in process and information availability. The topic of risk management is certainly a vast domain which we have written about often. In this brief report, we will limit our discussion to technology solutions for risk management. The Supply Chain Risk Management Technology market, if one can call it that, is a growing but fragmented market. The topic is large, and has been made confusing by buzz words and bloggers who write about supply chain risk and just what can be done about it. Here, we are going to attempt to pull together the various segments and give a brief overview. We promise lots more depth on this topic! The internet is an open world, much like the cantina scene in Star Wars.
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