Trying to identify all possible risks facing your operation would be overwhelming in today’s complex supply networks. For effective and relevant risk management, an operation must triage both internal and external risks according to their potential impact.
Risk scoring creates the necessary level of personalization to separate relevant risks from the noise. Whether you’re eying daily tactical disruption or planning to avoid long-term strategic risk, scoring highlights which threats deserve consideration.
Read our white paper for strategic and tactical risk scoring applications, including:
- the elements of risk scoring
- how to apply risk-scoring principles to SCRM
- prioritizing resources to monitor and mitigate those risks
- real-world examples of using risk scoring in operations
Effective risk scoring transforms an organization’s ability to visualize risks across its network and simplifies the challenge of evaluating the cumulative effect of multiple risks.