Aon has partnered with supply chain experts State of Flux to launch a new service called ‘Risk in the Supply Chain' at today's Ariba London LIVE conference.
The service is aimed at corporations who have been driven by competition to reduce costs and increase operating efficiency and as a result, have opened up new risks of supply disruptions.
‘Risk in the Supply Chain' will allow these companies to gain visibility of potential vulnerabilities in the supply chain, make informed decisions about the trade-off between the risk and reward of cost-saving initiatives and manage critical risk exposure cost-effectively.
The service will also allow firms to monitor the supply chain for early warning of business disruption events and develop contingency plans to ensure continuity of cash flow and material in the event of such disruption.
Aon said ‘Risk in the Supply Chain' will also allow corporations to create a structure of accountability and ownership of risk within their organisations.
The service is being launched at the Ariba London LIVE conference at London's IMAX theatre in Waterloo.
The conference is a forum for leaders in ‘spend management strategy' to discuss how procurement teams can continue to be key drivers of corporate profitability.
