RISK MANAGEMENT
Take a Proactive Approach to Risk Identification and Mitigation
Take a Proactive Approach to Risk Identification and Mitigation
Measure Risk to Build a Resilient Supply Chain
Ensuring that your goods arrive on time is only a piece of the whole. Identifying risky aspects of your network, understanding the impact of potential disruptions, and using the design process to mitigate and reduce risk is an essential part of creating a resilient supply chain. Decisions made in the supply chain design process should no longer be made with a singular focus on cost - a company must understand the tradeoffs between financials, service, and risk.
Get a Risk Rating for Every Scenario
There are risks associated with business decisions such as sourcing and inventory policies, and external, systemic risks which might vary based on the network's structure. Supply chains are susceptible to events such as natural disasters, import and export policies, and local labor markets, to name a few. Cosmic Frog's risk rating engine considers these factors in its identification and quantification of the risk of each scenario.
A proactive approach to supply chain risk management can help you mitigate threats, ensure business continuity, and prevent your organization from being blindsided by unforeseen crisis events.
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Cosmic Frog Accounts for Supply Chain Design Risks.
Our platform contains an optimization, simulation, and risk engine, which provides a risk rating for each and every scenario. This allows organizations to bring risk identification into the design process, enabling decision-making based on financials, service, and risk. Know your tradeoffs and test if your current models are at high risk.