{"id":3443,"date":"2020-09-04T16:30:35","date_gmt":"2020-09-04T16:30:35","guid":{"rendered":"http:\/\/www.rtgsolutionsgroup.com\/?page_id=3443"},"modified":"2023-06-26T17:33:34","modified_gmt":"2023-06-26T21:33:34","slug":"supply-chain-risk-management-consulting","status":"publish","type":"page","link":"https:\/\/www.rtgsolutionsgroup.com\/supply-chain-risk-management-consulting\/","title":{"rendered":"Supply Chain Risk Management Consulting"},"content":{"rendered":"<section class=\"wpb-content-wrapper\">[vc_row][vc_column width=&#8221;3\/4&#8243;][vc_single_image image=&#8221;3445&#8243; img_size=&#8221;1110&#215;500&#8243;][vc_column_text]<span style=\"font-weight: 400;\">Our economy is more globalized and interconnected than ever. While this has allowed businesses to expand their services and product offerings, it also ushered in a new era of complex enterprise challenges. When production in all areas of the world is interlinked, a political or economic event overseas can turn your business on its head overnight. Supply chain risk management consulting firms like RTG Solutions Group can help your organization navigate today\u2019s fast-paced economy with ease and confidence.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Supply chain risks are not always predictable. However, supply chain risk management consulting can significantly mitigate risks for your organization. For example, our <\/span><a href=\"http:\/\/www.rtgsolutionsgroup.com\/supply-chain-consulting\/\"><span style=\"font-weight: 400;\">supply chain consulting<\/span><\/a><span style=\"font-weight: 400;\"> can help your business:\u00a0<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Line up back-up sources in the event of a disruption\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Identify and quantify industry &#8211; and region &#8211; specific risk scenarios and solutions<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Improve supply chain visibility for stronger governance\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Implement monitoring systems to predict disruptions<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Assess extant risk levels in current supply chain network<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Establish appropriate risk-measurement metrics<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Strengthen vendor contracts to reduce risk<\/span><\/li>\n<\/ul>\n[\/vc_column_text][vc_custom_heading text=&#8221;SUPPLY CHAIN RISK MANAGEMENT CONSULTING: NAVIGATE INTRICATE ECONOMIC NETWORKS&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_single_image image=&#8221;4605&#8243; img_size=&#8221;1110&#215;500&#8243;][vc_column_text]<span style=\"font-weight: 400;\">Supply chain risks exist due to a variety of factors. Our globalized economy has allowed companies to transcend borders, fueling innovation and service-delivery. However, as production, distribution, and management have become increasingly dispersed, business leaders have had to confront intricate new challenges.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As product networks have broadened and intensified, supply chain risk management consulting has risen to the forefront as an essential service. One of the primary benefits of partnering with an SCRM firm is gaining insider understanding of the underlying causes of <\/span><a href=\"http:\/\/www.rtgsolutionsgroup.com\/reeling-from-supply-chain-disruption-heres-a-3-step-approach\/\"><span style=\"font-weight: 400;\">supply chain disruptions<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><strong>So what <i>is <\/i>responsible for the uptick in supply chain irregularities over the last few decades?\u00a0<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Volatility in consumer preferences causes rapid demand fluctuations.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">On average, more business entities are involved in the production and distribution of any one product.\u00a0<\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.bruegel.org\/2019\/04\/can-the-emerging-economic-powers-govern-the-globe\/\"><span style=\"font-weight: 400;\">emergence of new economic powers <\/span><\/a><span style=\"font-weight: 400;\">has altered international trade relationships.\u00a0<\/span><\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Production, management, and distribution are more globalized than ever, so foreign policy changes can have a substantial impact on the flow of goods.\u00a0<\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">As more business processes \u2013 like <\/span><a href=\"http:\/\/www.rtgsolutionsgroup.com\/sales-and-operations-planning-consulting\/\"><span style=\"font-weight: 400;\">sales and operations planning<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 are automated or dependent on technology, small IT failures and power outages can have grave consequences.\u00a0<\/span><\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">The expansion of supply chains has made complete supply chain visibility nearly impossible, increasing the prevalence of \u201cunknown\u201d supply chain risks.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These are just a few of the fundamental drivers of contemporary supply chain risks. The extent to which a business is impacted by any of these factors varies according to business size, industry, market location, and other factors unique to the company.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Do you know where your business\u2019 most significant risks and vulnerabilities lie? A supply chain risk management company can help your organization obtain a more thorough understanding of the risks embedded in your particular supply chain. From there, a SCRM firm can assist in the construction of a robust loss-mitigation framework that is ready to be deployed at a moment\u2019s notice.\u00a0<\/span><\/p>\n<p><strong>Here are some examples of supply chain risks that you can prepare for when you partner with an experienced SCRM consultant like RTG Solutions Group:\u00a0<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Increased oil and\/or energy prices<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Cyber-attack vulnerability<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Political instability in markets<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Sanctions, tariffs, and embargoes\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Other changes in trade regulation\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Sudden change in consumer preferences\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Natural disasters or prohibitive weather patterns<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Increased competition in the market\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Disease outbreaks and pandemics<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Economic recessions<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Increased labor costs\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Shipment\/distribution errors\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Reverse logistics<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Technology failures<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Power-outages <\/span><\/li>\n<\/ul>\n[\/vc_column_text][vc_custom_heading text=&#8221;SUPPLY CHAIN RISK MANAGEMENT COMPANIES: WHAT WE CAN DO FOR YOU&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_single_image image=&#8221;3582&#8243; img_size=&#8221;1110&#215;500&#8243;][vc_column_text]<span style=\"font-weight: 400;\">Ensuring the uninterrupted flow of goods from your supplier\u2019s supplier to your customer\u2019s customer has become more difficult than ever. But supply chain risk management consulting can give your firm the tools to overcome those hurdles and gain an edge over the competition.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Supply chain risk management companies like RTG Solutions Group specialize in optimizing business operations to meet the complex demands of our globalized economy. We provide actionable solutions that can strengthen every aspect of your supply chain \u2013 from <\/span><a href=\"http:\/\/www.rtgsolutionsgroup.com\/procurement-strategy-consulting\/\"><span style=\"font-weight: 400;\">procurement<\/span><\/a><span style=\"font-weight: 400;\"> to waste management.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a <\/span><a href=\"http:\/\/www.rtgsolutionsgroup.com\/boutique-supply-chain-consulting\/\"><span style=\"font-weight: 400;\">boutique supply chain consulting<\/span><\/a><span style=\"font-weight: 400;\"> firm, we understand the ins and outs of the global supply chain, making us uniquely equipped to handle your organization\u2019s risk mitigation needs. <\/span><\/p>\n<p><strong>Below we detail some of the supply chain risk management practices we can help you enact:\u00a0<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Risk-mitigation meetings\u00a0<\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">Just-In-Time <\/span><a href=\"http:\/\/www.rtgsolutionsgroup.com\/inventory-management-consulting-services\/\"><span style=\"font-weight: 400;\">inventory management<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Strategic vendor management policies to promote accountability\u00a0<\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">Strengthen technology and <\/span><a href=\"http:\/\/www.rtgsolutionsgroup.com\/how-4-data-driven-tools-can-improve-your-inventory-management\/\"><span style=\"font-weight: 400;\">data networks in inventory management system<\/span><\/a><\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Real-time supply chain monitoring\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Key Performance Indicator (KPI) reporting for early risk detection<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Multiple-input sourcing strategies\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Component substitution\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Safety and compliance training\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Priority-ranked action plans<\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><a href=\"http:\/\/www.rtgsolutionsgroup.com\/document-management-consulting-firms\/\"><span style=\"font-weight: 400;\">Document management<\/span><\/a><\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">Flexible <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/s\/scm.asp\"><span style=\"font-weight: 400;\">supply chain management<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Enterprise Resource Planning (ERP)\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Vendor portfolio diversification<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These are just some of the many solutions that our supply chain risk management consulting firm can help your organization implement. Importantly, supply chain risk mitigation is not a one-size-fits-all exercise \u2013 it must be strategically tailored to your unique business needs. <\/span>[\/vc_column_text][vc_custom_heading text=&#8221;MITIGATE YOUR SUPPLY CHAIN RISKS WITH RTG SOLUTIONS GROUP&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">It always comes down to the bottom line. With recent global upsets like that COVID-19 pandemic, supply chain risk management consulting has emerged as a forward-looking cost-reduction strategy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But how do you get the most out of an investment in risk reduction? The answer is to partner with a SCRM organization that takes the time to thoroughly assess your business\u2019 unique supply chain and its needs. This way, your business can prioritize the risk mitigation strategies that are the most effective, practical, and promising for your company.\u00a0<\/span><\/p>\n<p><strong>Interested in tailored, cost-effective supply chain risk management consulting? <a href=\"http:\/\/www.rtgsolutionsgroup.com\/contact-us\/\">Contact us <\/a>today!\u00a0<\/strong>[\/vc_column_text][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/4&#8243;][stm_sidebar sidebar=&#8221;311&#8243;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; el_class=&#8221;third_bg_color&#8221; css=&#8221;.vc_custom_1566094473201{margin-bottom: -60px !important;background-color: #308c36 !important;}&#8221;][vc_column][vc_cta h2=&#8221;Are You Ready to Improve Your Supply Chain Efforts?&#8221; h2_font_container=&#8221;font_size:20px|color:%23ffffff|line_height:24px&#8221; h2_use_theme_fonts=&#8221;yes&#8221; shape=&#8221;square&#8221; style=&#8221;custom&#8221; add_button=&#8221;right&#8221; btn_title=&#8221;Contact Us Today!&#8221; btn_style=&#8221;outline&#8221; btn_shape=&#8221;square&#8221; btn_color=&#8221;white&#8221; btn_align=&#8221;right&#8221; btn_i_align=&#8221;right&#8221; btn_i_icon_fontawesome=&#8221;stm-stm14-arrow&#8221; use_custom_fonts_h2=&#8221;true&#8221; btn_button_block=&#8221;true&#8221; btn_add_icon=&#8221;true&#8221; el_class=&#8221;third_bg_color&#8221; css=&#8221;.vc_custom_1586849059648{margin-bottom: 0px !important;background-color: #308c36 !important;}&#8221; custom_background=&#8221;#308c36&#8243; custom_text=&#8221;#ffffff&#8221; btn_link=&#8221;url:https%3A%2F%2Fwww.rtgsolutionsgroup.com%2Fcontact-us%2F|title:Contact%20Us|target:%20_blank|&#8221;][\/vc_cta][\/vc_column][\/vc_row]\n<\/section>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;3\/4&#8243;][vc_single_image image=&#8221;3445&#8243; img_size=&#8221;1110&#215;500&#8243;][vc_column_text]Our economy is more globalized and interconnected than ever. While this has allowed businesses to expand their services and product offerings, it also ushered in a new era of complex enterprise challenges. When production in all areas of the world is interlinked, a political or economic event overseas can turn your business<\/p>\n","protected":false},"author":1,"featured_media":3445,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Supply Chain Risk Management Consulting | RTG Solutions Group<\/title>\n<meta name=\"description\" content=\"Supply chain risks are not always predictable. 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