As Organisations explore new ways
to reduce financial risk, software is significant, as Lesley Meall
discovers
Supply chain risks range from volcanic ash clouds to political
unrest, but during the downturn there has been an increasing and expanding
focus on financial risks. Organisations are still using financial
risk indicator scores provided by third-party specialists, and financial
analysts are still looking at credit risk metrics, but some businesses
are supplementing these traditional activities with more innovative
approaches, such as increasing the use of electronic payment mechanisms,
collaborating more closely with customers and suppliers, mitigating
risk by dealing with high-quality suppliers, and exploring new options
for supply-chain finance.