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Running head: SUPPLY CHAIN RISK ANALYSISSUPPLY CHAIN RISK ANALYSISNameMarch 3, 2019
2SUPPLY CHAIN RISK ANALYSISIntroductionA supply chain “is a network between a company and its suppliers to produce anddistribute a specific product”[Wil171]. Getting a product or providing a service to a customerneeds to be efficient and effective. This process also needs to ensure that value is added in eachstep so that the company is able to sustain its competitive advantage. In a perfect world, thisprocess would function perfectly and everything would go according to plan but that doesn’talways happen and this unexpectedness creates risks for companies which needs to be managedaccordingly.Due to globalization and advancement in IT, this becomes even more tricky as moreparties are in now involved in the supply chain. One needs to not just look at the internal supplychain management teams but also focus on the external members which are the suppliers,manufacturers, retailers and more. The supply chain is interconnected and that interconnectivitynow can easily involve people from all over the world with different cultures, differentcapacities, different objectives and different technological ability. It is logical that informationwould be shared with the supply chain members and that increases the risk that the informationcan be compromised which could be detrimental to the success of the company. Additionally,technology is integrated and implemented into the supply chain management process which hasits benefits but also creates risks which company needs to secure itself against and that is wherecyber security comes in [Kod17].This digital transformation of the global supply chain has brought the focus on newthings such as cloud storage, predictive analytics, e-sourcing, e-purchasing, and more. Hence,companies need to keep track of their entire value chain and must have risk management
3SUPPLY CHAIN RISK ANALYSISstrategies to address cyber threats to any component of the supply chain. As global supply chainsare so complicated and intricate, it is tough to avoid cyber related supply chain risks andtherefore requires the input of everyone involved in the chain [Kod17]. It’s either everyonemoves forward together or any weakness from one party can sink everyone. A company mighthave a great cyber security management program but the third parties they deal with might notand therefore it is extremely crucial for the sustainable future of the business that everyonecooperates and work together to ensure that there is no weak link in the supply chain. Anexample of this was when Hewlett Packard in their regular course of business which was toimprove their bottom line offered a Russian defense agency the code for a program calledArcSight. This program was heavily used and relied upon by the Pentagon and also used bycompanies in the private sector. As HP provided the code for this program, they created a

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Term
Fall
Professor
N/A
Tags
Supply Chain Management, Computer Security, Project 5, Supply Chain Risk Mgt

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