The linear supply chain has evolved into the networked supply chain as organizations have outsourced increasingly strategic operations and increased the use of multi-tier supplier relationships and supply chain mapping software that enables organizations to trace products to the source – tracking social, financial, and environmental risks every step of the way. An integrated cyber defense platform lets you focus on your priorities — digital transformations, supply chain security, cloud migration, you name it — knowing you are protected from end to end.
Supply chain cybersecurity is imperative to understanding the interconnected way that inventory management relates to supply chain risks so that executives can tailor balanced and effective risk reduction inventory strategies for their businesses. Around ten years back when the steel price started moving up abnormally across the globe it was time to check whether your supply chain was resilient enough to face that impending disruptive risk. To meet those needs, you need to work with partners all along the supply chain to improve the sustainability of products you sell.
The single most important ingredient for successful supply chain management may well be trusting relationships among partners in the supply chain. Digital technology can help you unite, analyze, and manage your engineering data, processes, and supply chain in an intelligent and efficient way. More than that, however, if your organization is a traditional one, it will enable you to produce items that will have to be stored in warehouses and other locations, making the supply chain more complex.
Supply chain sustainability is increasingly recognized as a key component of corporate responsibility, and those processes and activities which involve the sharing of information between external supply chain partners are particularly vulnerable. Comprehensive cyber threat intelligence solutions and products give you the information you need to monitor and mitigate cyber risks that threaten your business.
Commonly used by supply chain management, metrics can help you to understand how your organization is operating over a given period of time. Logistics management is a supply chain management component that is used to meet customer demands through the planning, control, and implementation of the effective movement and storage of related information, goods and services from origin to destination. More than that, creating predictability, consistency and visibility within your service supply chain enables your business to communicate faster and more efficiently with customers.
By drawing all necessary services (transport, warehousing and management) together into a complete, optimized package, your supply chain operations are simplified and your business becomes stronger and more efficient. As a result, your customers and/or auditors may need assurance that the controls surrounding your services are designed effectively and, in some cases, operating effectively. In the simplest terms, supply chain management is all about managing the supply chain-a network of organizations and the business processes for acquiring the raw materials, transforming them into finished goods, and distributing the products to the customers.
Businesses continue to struggle with keeping supply chains under control and hidden risks still pose a significant threat to the industry. Amazon, for example, is forcing its major competitors to invest more in supply chain automation, lessen the overall product delivery time, increase the number of warehouses, and even engage in product manufacturing. There can be significant economic benefits from outsourcing all or part of your supply chain operation, but without the right systems, processes or organizational management structure the risk to success can increase to frightening levels.
No one is immune to such attacks, and while you actively work to strengthen your cybersecurity defenses from these ever evolving threats, your cooperation and diligence are needed to ensure you appropriately manage risk throughout your supply chain. You can prepare for possible recalls with your organization management solution, which should give you total visibility of your operations, comprehensive lot tracking, and detailed, accurate data at any time.
Want to check how your Supply Chain Cybersecurity Processes are performing? You don’t know what you don’t know. Find out with our Supply Chain Cybersecurity Self Assessment Toolkit: