The Thomas Blog

The Risk Of Not Understanding Your Supplier's Supply Chain
Risk Management

The BMW Supply Chain Breakdown: What Happened?

It's no secret that having transparency into your supply chain is essential to mitigating risk. In fact, companies are investing in supply chain visibility and collaboration tools at a faster rate than any other supply chain discipline, putting their money where their risk is. 

Clearly, companies are taking transparency seriously in an effort to stay plugged in to their suppliers. However, in order to ensure a strong, steady and productive supply chain, having visibility into your own suppliers isn't enough – you need to have visibility into their suppliers as well. This is especially true in industries that are driven by outsourcing in an effort to lower costs and shift production requirements. 

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Procurement

Infographic: The Disconnect Over Financial Risk In The Supply Chain

Mitigating risk is among the most critical priorities for any procurement professional, and one of the ways they do that is by assessing a supplier’s financial and operational stability during the supplier evaluation process.

In fact, THOMASNET.com, in partnership with Dun & Bradstreet, recently conducted a survey of more than 1,000 buyers and suppliers, and we found that 89% of buyers believe that a potential supplier’s financial stability is important when evaluating potential partners.

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Manufacturing and Industrial

Can A DDoS Attack Impact The Supply Chain?

Last week, an unprecedented cyberattack crippled many popular websites — including Twitter, Netflix, PayPal and Reddit. While the size and breadth of the attack made lots of headlines, the truth is that similar cyberattacks are waged every single day, and they could pose a risk to your business or your supply chain.

While there is no way to completely mitigate the risk of a cyberattack like the one carried out last week, understanding the nature of the attack and taking a proactive approach to cybersecurity, can prove helpful — especially as businesses (and even factories) become increasingly connected to, and reliant on, the web.  

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