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TRANSPARENCY IS KEY
Transparency is crucial for success, especially in interrelated global supply chains.
A 2016 study by DHL says that supply chain disruptions can cause millions in
losses. On average, companies lost USD 115 billion per year between 2000 and
2010 to production and transport process difficulties. This value was visibly
exceeded in the years since. The study found that three out of four companies
were affected in 2015. Disruptions can be triggered by earthquakes, political
conflicts or strikes, for example. Prevention is nearly impossible without the right
information. Regardless of whether the company handles risk management
internally or through a consulting firm: without relevant, current data their
options are severely limited.
The same applies to other departments, such as Procurement, Human
Resources, Sales and Marketing. Venture capital companies depend on quick,
relevant facts to identify acquisition targets or prepare an exit. They all want to
uncover risks and opportunities quicker than their competitors. There are many
factors to consider:
· What’s happening in my supply chain? (Procurement, Production, Risk
Management)
· Which company is for sale or a possible acquisition target? (Venture Capital,
MA)
· Who is switching to which company? (Human Resources)
· Which management position is about to go? (HR Consulting)
· Which news issues is the media focusing on? (Marketing, PR)
It would take hours of daily research to answer these questions and others by
scanning all digital media. How do you
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