Protecting the Supply Chain
Imagine the scenario…
You hear a short news report whilst driving to work relating to transport disruption at the other end of the country, following a fire at a warehouse. You disregard it and feel thankful that your own journey to work seems to be going smoothly.
Several hours (or potentially days) later, one of your team advises you that a key supplier to your company has suffered a major fire and will not be delivering to you for the foreseeable future. No further information is available, but that short news story this morning has just taken on a whole new meaning.
How can you protect your supply chain?
- Develop an understanding of what activities are critical to your key business objectives, and what suppliers you are dependent upon to deliver these
- Define how you would be impacted by the loss of these suppliers – this may even be due to the failure of one of their suppliers! – and their current recovery capability (i.e. how long before they could restart the supply of their goods or services)
- Develop strategies & action plans for your organisation so that you are able to keep the impacts within acceptable limits and keep your critical activities going
- Test, test & test again to provide assurance that your plans work and your suppliers are being realistic in their planning activities
How can Teed help?
Teed has worked alongside many organisations who want to develop a resilient supply chain. There is no ‘one size fits all’ solution to supply chain resilience and the snapshots of projects below demonstrate how Teed has already assisted clients:
Oil & Gas
Having already identified their critical suppliers, our client wished to conduct a review of potential exposures through identification of each critical supplier’s business continuity preparedness. Teed facilitated discussions with each supplier to provide a consistent, independent assessment in line with best practice and reported on the maximum potential disruption to services should they be affected by an incident.
Read the case study Oil & Gas Operator
Advanced Engineering & Manufacturing
Teed facilitated an ongoing programme of tabletop exercises with our client’s key suppliers to provide independent assurance that contingency plans are valid, effective & fit for purpose.
“Teed Business Continuity has provided invaluable assistance with the right amount of focus and professionalism needed to kick start an invaluable review of the supply chain…the exercises not only helped promote awareness amongst our supply chain, but have created real value & tangible benefits to not only our organisation but the suppliers as well.”
(Business Continuity Manager, Advanced Manufacturing Organisation)
Read the case study Aerospace Company
- Date: 12th October 2020
- Supplier Continuity
- Teed's Accreditations
- What is a Business Continuity Plan?
- Business Continuity or Disaster Recovery?
- BCM Standards: ISO 22301 & ISO 22313
- ICT Service Continuity Management & ISO 27301
- BCI Good Practice Guidelines
- BCM Guidance for the Oil & Gas Industry
- Pandemic Planning
- Packaged BC Services for SMEs
Global Law Firm
Multinational law firm practising in all principal areas of law from offices in Europe, US and Asia Pacific regionsRead More
Financial Software Provider
Provider of financial software and digital transformation services developing trading systemsRead More
Oil & Gas Production & Development Co
Independent oil & gas production and development company with onshore and offshore assets in the UK and AsiaRead More
Housing Association Charity
A housing association, charity and registered social landlord providing care services in homes in urban and rural communities.Read More
Investment Management Company
UK investment management firm providing services to clients in Europe and the Far East.Read More