CASE STUDY

Supply Chain Risk Assessment for a Leading Fast Food Industry Player – A Case Study by SpendEdge

Oct 10, 2018

5 Step Supply Chain Risk Assessment Process

In today’s competitive business scenario, maximizing the value obtained from the supply chain while catering to the fluctuating customer needs is a difficult balance to achieve. To accomplish this, companies need to identify the root cause of risks, which can be done with the help of a robust risk assessment process. A supply chain risk assessment process helps identify the supply chain risks and the operational vulnerabilities associated with supply chain functions.

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It also helps companies to identify where the threats exist across the supply network and implement appropriate risk mitigation strategies to overcome them. Though several institutions have developed guidelines on which organizations can base their supply chain strategies, it is essential to develop an industry-specific risk assessment template. Our experts have outlined a five-step approach to supply chain risk assessment:

Step 1: Define stakeholder concerns

Step 2: Identify the risk factors

Step 3: Devise precise risk mitigation strategies

Step 4: Partner with third-party procurement intelligence firms

Step 5: Simulate the outcomes

Fast Food Industry Trends

In today’s highly complex food and beverage market landscape there’s no doubt that the restaurant business is evolving constantly, and that’s true for all fast food companies as well. Due to this, we’re starting to witness a higher adoption of faster payment methods such as in-app and contactless paymentsrequest proposalglobally.

Wonder what other trends are impacting fast food industry firms? Let’s take a look at the key fast food industry trends that our experts predict will change the fast food industry landscape in the coming years:

  • Faster payment methods
  • The use of organic and healthy ingredients
  • Leveraging technology to better serve customers

About the Client

The client is a Fortune 500 food and beverage company situated in the U.S. The fast food industry player is a leading innovator in the food and beverage market and is well-known for bringing in the concept of ‘healthy fast food’, which turned out to be a major trend among the younger global population.


Continue reading to gain in-depth insights into the benefits of developing a supply chain risk assessment template or request a free proposal.

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Client’s Challenge

The lack of a comprehensive policy to address the needs of the players in the fast food industry is a key factor obstructing growth.  Also, the shrinking global economy has led to a rise in supplier failures rates, which have negatively affected the stability of the supply networks of fast food industry clients. Such factors have necessitated the need to enhance the value of global supply networks by eliminating threats which could possibly affect the process flowDemo.

The fast-food industry client found it difficult to cater to the growing customer expectations for sustainability and ethically sourced products, the root cause of which was traced back to their inefficient supply chain strategies. The fast food industry client approached SpendEdge to help them devise a risk assessment template to gauge the various risk factors affecting their supply network.

Engagement Overview

The fast food industry player wanted to identify and classify the supply chain risks to reduce the rate of supplier failures. Our expertise in supply chain risk assessment aided the client to overcome this challenge with the help of a supply chain risk assessment template, which began with the process of risk identification.

The identification of supply chain risks helped in recognizing acceptable levels of compliance, developing strategies to mitigate high-risk scenarios, and aided in the real-time monitoring of supplier risks.


Key Findings

The solutions offered by our risk assessment experts suggested that the development of a centralized supply chain risk management system would help them track and monitor supplier compliance. The implementation of specific supply chain risk assessment steps also empowered the fast food industry player to be more confident in their data; thereby, enabling quick risk identification and implementation of risk mitigation strategies.

Moreover, the use of the risk assessment template not only reduced the associated losses but also enhanced the resilience of their global supply network.


Would you like to learn more? Get in touch with our risk assessment experts to understand why it is essential to develop a supply chain risk assessment template.

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