Supply Chain Risk Management (SCRM)

Supply Chain Risk Management Definition (SCRM)

Supply chain risk management (SCRM) is a set of activities aimed at reducing supply chain risks. These activities often include identifying supply chain risks, assessing the probabilities and the severity of impacts, prioritising the risk event to be dealt with and developing actions for mitigating risks or planning backup actions (Vanany et al., 2009).

While traditional views commonly focus on raw materials as part of SCRM strategy, an often overlooked and frequently fatal flaw is to dismiss the impact of suppliers and contractors within the supply chain. Contractors and suppliers who are not adequately qualified to perform the work at hand can negatively impact the brand reputation and shareholder value of the hiring organization. 

With the demand for reduced cost and increased profitability, it comes as no surprise that companies continue to outsource activities that fall outside of their core competency. But even so, there is an increasing awareness of the risk related to these decisions. Industry insiders also point to an increase in government regulations as a continuing trend and overall focus on SCRM related activities.

Driven by the demand and frequent oversight related to contractor pre-qualification as it relates to SCRM, BROWZ has developed a number of products to address risk within the supply chain.

BROWZ Products:

  • SURE Qualify – Identify and correct risk within your supply chain
  • SURE Workforce – Manage employee-level data
  • SURE Audit – Conduct safety audits
  • Ready Source – Source new suppliers

Organizations wishing to learn more about BROWZ contractor management and SCRM related solutions can learn more here.

Watch the video below to learn more about BROWZ products.

"BROWZ had such a well-resolved solution that they could quickly tailor to meet our specific needs. The build time on our specific platform was lightning fast turn around and they really do run a thorough checking process. We see a long-term benefit for both Lend Lease and our supply chain coming from the thoroughness of their service."

Lend Lease

Global Clients

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to manage employees of their suppliers.

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The world’s most trusted brands select

to assess leading safety indicators of suppliers and contractors.

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