Master Class: Performance & Risk Management Strategy

Measuring supply chain performance and implementing effective risk management strategies are crucial for businesses to maintain efficiency, adapt to changing market conditions, and ensure long-term success. 
Key performance indicators (KPIs) such as lead time, inventory turnover, and order fulfillment rates can help evaluate supply chain performance. Risk management involves identifying potential risks, assessing their impact, and implementing appropriate mitigation strategies, which may include diversifying suppliers, enhancing visibility across the supply chain, and establishing contingency plans. By consistently monitoring and improving both performance and risk management, organizations can strengthen their supply chains and remain competitive in dynamic market environments.