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Supply chain security
Supply chain security is the part of supply chain management that focuses on the risk management of external suppliers, vendors, logistics and transportation. Its goal is to identify, analyse and mitigate the risks inherent in working with other organizations as part of a supply chain. Supply chain security involves both physical securities relating to products and cybersecurity for software and services. Because supply chains can vary greatly from group to group, and many different organizations may be involved, there is no single set of established supply chain security guidelines or best practices. A complete supply chain security strategy requires following risk management principles and cyber defence in depth. It also takes into account protocols set by government agencies like the Department of Homeland Security or customs regulations for international supply chains.
Importance of supply chain security
Supply chain security should be a high priority for organizations, as a breach within the system could damage or disrupt operations. Vulnerabilities within a supply chain could lead to unnecessary costs, inefficient delivery schedules and a loss of intellectual property. Additionally, delivering products that have been tampered with or are unauthorized could be harmful to customers and lead to unwanted lawsuits. Security management systems can help protect supply chains from physical and cyber threats. While threats cannot be completely erased, supply chain security can work towards a more secure, efficient movement of goods that can recover rapidly from disruptions.
In today’s global marketplace, it is more important than ever to have a transparent view into your supply chain, no matter how remote suppliers may be from where you actually conduct your business. As a result, suppliers and manufacturers need solutions in place to demonstrate compliance in a number of areas dictated by today’s business climate. In order to demonstrate enforcement of and compliance to international supply chain security standards, companies must continuously assess their supply chain to identify, mitigate and eliminate potential security risks, and also monitor and measure product, shipping and data security. CDG has decades of experience and expertise in tracking a supplier’s capability and performance in terms of quality, security and other relevant issues.
CDG offers the following services to assess supply chain security:
Universal Supply Chain Security Verification (USSV) –Importers and suppliers who participate in USSV can improve their standing in the global trade community, while also promoting a safer and more efficient importing process.
CDG provides security solutions to your company and to your suppliers to verify and validate the on-site security practices of foreign manufacturers currently exporting to United States.
Supply Chain Assessments – Using a series of risk-based assessment tools and audit solutions to evaluate and benchmark suppliers, supply chain assessments help global companies manage and track the performance in their supply chains. The assessments measure business risk, capacity and capabilities, workplace conditions, product quality and safety, security and environmental sustainability.
Physical supply chain security and integrity
In the past, supply chain security primarily focused on physical security and integrity. Physical threats encompass risks with internal and external sources, such as theft, sabotage and terrorism.
Organizations often mitigate physical attacks by tracking shipments and checking regulatory paperwork. Additionally, vendors could be required to secure shipments following specific quality guidelines, and a business could employ several vendors to ensure a steady supply of commodity products. External auditors or inspectors could go to a factory, and businesses could run background checks on personnel as well. Shipments could also be logged, guarded and checked prior to and after shipping to stop tampering or theft.
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