With manufacturers in the United States and around the world facing significant supply chain challenges, understanding how to identify and mitigate these risks is crucial. In this podcast episode, host Erika Porcelli is joined by Larry Servi, Regulatory Compliance Associates (RCA) Director of Program Management, to discuss strategies for strengthening risk management practices to safeguard supply chains.
The episode explores the various benefits of having multiple sources for your supply chain. Diversifying suppliers can significantly reduce dependency on a single source, thereby minimizing the risk of disruptions. Erika and Larry delve into practical steps companies can take to establish and manage multiple sourcing strategies effectively.
Additionally, the conversation addresses how companies can reduce and relax qualification requirements without compromising on quality. By streamlining these processes, manufacturers can respond more flexibly to supply chain issues, ensuring that they can maintain production and meet market demands even in the face of unforeseen challenges.
Listeners will gain valuable insights into tightening their risk management frameworks, which is essential for anticipating potential risks and implementing proactive measures. The discussion highlights real-world examples and expert advice, providing a comprehensive guide for enhancing supply chain resilience.
This podcast episode is a must-listen for supply chain managers, quality assurance professionals, and regulatory compliance experts looking to bolster their risk management strategies. Tune in to learn practical tips and best practices that can help your organization navigate the complexities of modern supply chains.