Supply Chain Risk and Security Maturity Evolution

Discussing supply chain risk and security as a business led journey, Roddy Martin, chief digital strategist at TraceLink, explains the five stages of its evolution to Pharmaceutical Technology:

• "Stage 1. Reacting to risk and security problems after the fact. 

• Stage 2. Specialized security and risk management projects; for example, track and trace/serialization. 

• Stage 3. Supply chain risk and security are a functional excellence capability; for example, risk and security requirements are codified into all work within functions like manufacturing, procurement, logistics, and so on.

• Stage 4. Supply chain and risk are codified as core ‘this is how we work’ requirements in all horizontal, end-to-end, and cross-functional processes from the patient all the way back through the business into all elements of supply.

• Stage 5. Risk and security capabilities are embedded into and across the total ecosystem and network both internal and external to a company; the core capability is that product integrity, availability, and patient safety are regarded as a given. In stage 5, risk and security are both driven as value based capabilities rather than seen as a cost.”

Article Details

Pharmaceutical Technology
Vol. 43, No. 6
June 2019
Page: 45

Citation 

When referring to this article, please cite it as F. Thomas, “Supply Chain Risk and Security Maturity Evolution,” Pharmaceutical Technology 43 (6) 2019.