Why should Supply Chain Security be important to your business?
The simple answer – GLOBALIZATION!
Of course it’s really not that simple. However, I’m sure you can recognize that with globalization comes complexity and uncertainty that cannot be avoided even if your firm is serving only one market or region. Globalization is happening everywhere and those not engaged in legitimate trade are exploiting the same capabilities you are to get their substandard and falsified products to your suppliers, trading partners and customers with no one the wiser.
Threats such as counterfeiting, diversion, cargo theft and importation of unapproved or otherwise substandard products are known to result in unsafe products in distribution. A Supply Chain Security Program for your firm will enable you to navigate through the uncertainty created by global economies. Such a program can deliver understanding of the risks to your organization, supply chain partners and customers and how best to manage them. SCS programs often deliver additional benefits that remain invisible to organizations such as improved inventory management, operational efficiencies and brand enhancements.
What is Supply Chain Security?
Supply Chain Security, or SCS, is the comprehensive effort to eliminate threat from the legitimate supply chain of a product or service. The SCS concept goes beyond basic brand protection and related brand supply chain integrity needs of organizations who manufacture and distribute goods or services.
Individual organizations, their distributors, regulators and governments, and consumers all share in the responsibility of creating a more safe and secure supply chain. SCS initiatives and programs are best delivered using a comprehensive approach. Such an approach should consider:
- Internal and external components of the supply chain of a product or service
- Origination of raw materials or intellectual property
- The resulting lifecycle or end-to-end nature of the life of a product or service through to the consumer or recipient
- Consideration of the risks to operational components as individuals and together as a system
- Consideration of events in the external environment, far removed from your operations, and their possible detrimental effects
An absence of a comprehensive SCS program leaves consumers at risk, supply chain efficiencies untapped and profits in the hands of criminals.
About the Series:
This series of whitepapers and editorial releases will encompass all facets of supply chain security and are intended to inform and educate the reader. The series will focus on products and tangible goods noting where services are also at risk to some of the same threats. The insights and framework I will share emanate from significant experiences in healthcare. However the ideas, principles and practices are extensible to business sectors outside of healthcare in parts or their entirety.
- 21st Century Need for an SCS Program & Value Proposition
- Development of the SCS Strategy
- Necessary Elements of Program Development
- SCS Deployment and Sustainability
- A Sustainable Program for the Management of Technology
- Successful Identification, Development and Deployment of Brand Protection Technology
Where appropriate I will discuss the un-discussable – those topics the agents of corporate entities are prohibited from discussing openly with the general public. There is significant value in learning from what others have done and why failure occurred. I will of course abide by any existing confidentiality agreements and protect the identities of the innocent.
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