Strategise and Survive

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.

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