The supply chain is threatened with insecurity from all directions. Theft, terrorism, and cyber crime are just a few examples of threats faced by goods on transit. Fortunately, there are several simple yet effective ways through which the security of the supply chain can be improved.
Here are six practices that you should consider if you’re resolute about enhancing your supply chain security.
1. Applying a structured approach
The first step in averting any risk is usually to stay safe: do not expose yourself to the problem. Start by forming a diverse team tasked primarily with managing supply chain risks at the organization. Then you can have all departments within the organization assessing and outlining their specific concerns which are then planned for by this management team. Every department has its own special needs and giving them the opportunity to express their concerns is the best way of identifying and tackling all risks within the entire organization. Continue reading