Atlanta, GA, July 23, 2014 – Competitive Insights, a leading provider of Integrated Business Planning (IBP) solutions, announces their participation in the development of a new standard to help organizations address operational risks in their supply chains, including risks to tangible and intangible assets. Among an advisory team of global, cross-disciplinary professionals and specialists, Richard Sharpe, CEO of Competitive Insights, and Tami Kitajima, Manager at Competitive Insights, served as Committee Members in the recent publication of ASIS International’s The Supply Chain Risk Management: A Compilation of Best Practices Standard (SCRM).
“I am glad that Competitive Insights supported the development of the ASIS Standard on Supply Chain Risk Management – A Compilation of Best Practices,” said Douglas Schoch, Vice President of Siemens Capital Company LLC. “Competitive Insights’ methodology on how to identify, mitigate and measure supply chain risk is actionable and provides a clear path to managing prioritized risks in order to protect operating profits.”
“The SCRM Standard will help practitioners anticipate, prevent, protect, mitigate, manage, respond, and recover from potentially undesirable and disruptive events, as well as identify opportunities,” stated in ASIS International’s press release. “However, the best strategy for addressing risk events will be determined by the organization’s context of operations, its risk appetite, and results of risk assessments. Adoption of this standard should build on rather than supplant existing specialized risk programs.”
Click here for complete ASIS International’s Press Release and link to Executive Summary
About Competitive Insights
Competitive Insights (CI) provides cloud based Integrated Business Planning (IBP) solutions to customers including some of the nation’s most recognizable brands. CI’s CI.RADAaR™ solution cleans and processes customers’ transactional data from multiple sources to support cross-functional, fact-based decisions. Actionable decisions support the decrease of operating costs, maximization of profits, mitigation of operating risks and minimization of carbon emissions. This information is further used by cross functional teams of supply chain, sales, finance and marketing business users to make and monitor strategic decisions for specific segments of the business. For more information please visit: http://www.ci-advantage.com