Globalization of supply chains has brought with it new levels of risk. Products and raw materials, which once your organization sourced locally or from long standing suppliers, may now be directly or indirectly dependent on complex global supply networks.
ARM puts you in the picture as to who the key suppliers are, where the biggest risks are found and where you are exposed through single sourcing and single points of supply chain failure. ARM will store your plans to mitigate these risks through strategies such as alternative and dual sourcing, in-house production, building alternative facilities – even financial assistance or purchase of vital suppliers.
ARM’s breadth of business function coverage means that linkages between related areas such as business continuity and reputational risk can be made. ARM provides the information needed to utilize the growing option of insuring against supply chain risk. ARM can also identify emerging risks which could affect the supply chain such as geopolitical problems that might, for example, knock out a number of suppliers located in the same region.