For instance, one practice that can be implemented is having the industry make routine visits to their supplier. These site visits will “allow procurement officers to ensure that workplace practices and product quality are consistent with their expectations, as well as to increase the likelihood of early discovery of major problems from supply chain hiccups to unsafe working conditions” (Mandell, P, 2014). It is important for a cybersecurity industry to implement this practice by meeting with their vendors on a regular basis to observe their …show more content…
For instance, one problem that needs to be addressed between the supplier and the purchaser is improving management of suppliers risks that occur. Many industries that implement a supply risk management procedure do not think it is even effective to execute. Another problem that the supplier and the purchaser needs to address is the lack of tools to detect and protect industries from these supply chain risks. In fact, many industries can also be limited to implementing the latest tools to resolve the latest supply chain risks that are detected. It is important for the purchaser and supplier to collaborate together with the latest tools to mitigate evolving supply chain risks that continue to occur. Lastly, another problem that many suppliers and purchasers need to resolve is the communication between the two organizations about their supply chain risks. Communication plays a key role in everyday life and for the industries it is critical to have a strong relationship while discussing their supply chain risks. Industries that are able to build stronger relationships about their supply chain risks are able to work together to mitigate these risks from harming their industries