New Supply Chain Risk Management Solution Launched

Supply chain experts State of Flux has partnered with Aon, the leading risk management, insurance broking and human capital consultancy firm, 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.  These firms have streamlined their supply chains, introduced lean manufacturing, reduced inventories and cut the number of their suppliers to help them compete in the global marketplace. 

Unfortunately, many of these companies have also opened up new risks for themselves by pursuing these cost-cutting efficiencies.

'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. 

Finally, '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 the 'spend management strategy' to discuss how procurement teams can continue to be key drivers of corporate profitability. 

"Few companies are immune from shocks in today's globalised world," explains Alex Hindson, associate director at Aon.  "The classic case of the lightning bolt in New Mexico that caused a fire at a Phillips semi-conductor plant and cost Swedish firm Ericsson months of production of some of its principal products illustrates the point neatly."

"That is why we have created 'Risk in the Supply Chain'©," adds Angel Pompa of State of Flux.  "We have leveraged the synergies between our supply chain knowledge and Aon's risk management expertise to help companies balance the cost/risk trade off.  We will help our clients business to keep running smoothly when the unexpected happens."

 

About State of Flux

Acknowledged as a strategic business partner to blue chip companies, State of Flux provides supply chain change solutions across the entire value chain.  Our successful solutions are based on three interconnected client support functions; Services, Consult and Run. 

Services include; Research, Tax in the Supply Chain, eSourcing (including eAuctions and eRFx), Ethical Supply Chain, elogistics and Training (both buyer and sales training).

State of Flux Consult supports clients by providing consultancy services for both the revenue generating and supply side of an organisation.  These services are designed to help clients in any aspect of their supply chain reorganization.  

State of Flux Run offers interim management/support either on a case-by-case basis or running a change programme in its entirety.  Run includes our White Label services, where the company works with clients offering a joint customer solution.

About Aon

Aon Corporation ( http://www.aon.com ) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 47,000 employees working in Aon's 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.

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