Supply Chain Risk Management (SCRM)

Date : 20 November, 2025   Location / Mode : Bengaluru

INTRODUCTION

“Supply chain risk management is often an afterthought in many companies, until risks happen.” Dave Waters.

Supply chain risk management (SCRM) is vital for preventing costly disruptions, ensuring business continuity, and maintaining profitability by identifying and mitigating potential risks like supply shortages, supplier failures, or natural disasters.

Proactive SCRM strengthens a company's resilience, improving decision-making, bolstering reputation, enhancing operational efficiency, and maintaining customer trust and loyalty in an increasingly complex global market.

It is difficult for obtaining funding from Top Management for supply chain risk management. Main Reason being, SCRM is about cost avoidance, not a cost savings. However, with the recent events of the Global pandemic (Covid 19) and wars, supply chain risk management is on the minds of executives much more than it ever has been.

A robust Supply Chain Risk Management (SCRM) approach involves identifying risks, assessing their potential impact, mitigating them, and continuously monitoring and responding to disruptions. By using the right tools and strategies, organizations can manage risks more effectively and ensure the resilience of their supply chains.

Hence Supply Chain Risk Management (SCRM) is a Business Critical Process which can ensure, ultimate customer satisfaction and ensuring that the delivery commitments are met at the overall lowest possible cost.

Keeping this in view, Indian Machine Tool Manufacturers' Association (IMTMA) is organizing an interactive Training programme on “Supply Chain Risk Management (SCRM)”