A new white paper from ISACA, ‘Supply Chain Resilience and Continuity: Closing Gaps Exposed in a Global Pandemic’, offers approaches that enterprises can implement to increase the resiliency of their supply chain. Supply Chain Resilience and Continuity walks enterprises through best practices for supply chain risk management and increasing resilience. In addition to addressing how to manage possible gaps in business continuity planning, the white paper explores how to extend the supply chain concept to other functional business areas, and looks at the concepts enterprises should apply when assessing the threats for a typical business continuity plan.
The paper outlines key steps that need to be addressed in the business continuity planning process, including:
- Identify and assess risk associated with continued service from suppliers and third parties for providing services to customers.
- Establish communication to share information about preparedness and response plans with niche and tactical suppliers and service providers to improve transparency of responses.
- Limit geographical concentration and the single point of failure, following an accurate impact analysis.
- Extend simulation models to the various scenarios presented, including pandemic, to enhance the abilities of the business continuity plan.
The white paper is available here.