Supply Chain Security
Gartner Says IT Supply Chain Integrity Will Be Identified as a Top Three Security-Related Concern by Global 2000 IT Leaders by 2017
Evolving globalization and Competitiveness of supply markets are reclassifying the manner in which current supply chains are overseen.
Organizations which outsource require adaptable and responsive supply chains which convey enhanced value to their clients, giving reasonable upper hand, which empowers long haul development, profitability and productivity. Thus, they additionally require a supply of advanced trained people equipped for creating different, bespoke and imaginative supply chain security solutions giving them the superior advantage against their competitors.
Supply Chain Strategy serves to link the marketplace, distribution network, manufacturing process, and procurement activity to service customers at a higher level yet at a lower total cost.
- This goal demands the application of the logistics concept to relationships with suppliers, partners, customers and end users.
- Supply chains are continually evolving; businesses product ranges are changing whilst serving multiple markets.
- Regulations and best practice are exposed to sudden change
The requirements of a network design are information, transportation, inventory, warehousing, materials handling, packaging and service levels that are all essential considerations of the supply chain and need to be fully understood.
Key components in determining the optimum supply chain are:
- Location and cost of manufacturing
- Manufacture lead time
- Delivery lead time
- Strategic location of stock
- Stockholding requirement
- Order fulfilment costs
These components need to be considered holistically and not as an individual entity. if you do not, the result will almost guarantee a sub optimal supply chain entailing hidden costs with a lack of visibility and total understanding within the various components of the business.The aim should be to reduce complexity and drive growth whilst being flexible enough to be able to adapt to change influenced by customers, economics or technology.NS Global draws on its detailed knowledge of the individual supply chain components to build up an accurate picture of cumulative costs and service level implications.We have a team of professionals who work closely with each client to assess the key market-related issues. Structured investigation, data collection and analysis are undertaken supported by sophisticated computer modelling tools.We have undertaken supply chain projects locally in the UK and Irelandbringing a wealth of experience, innovation and best practice to supply chain planning.
NS Global suggests typical Supply Chain Attacks could be:
Third party software providers
Since 2011, the cyber-espionage group known as Dragonfly (also known as Energetic Bear, Havex, and Crouching Yeti) has allegedly been targeting companies across Europe and North America, mainly in the energy sector. This group has a history of targeting companies through their supply chains.
Cyber-criminals also target supply chains as a means of reaching the broadest possible audience with their malware. Identifying and compromising one strategically important element is an efficient use of resources and may result in a significant number of infections.
Third Party Data Stores
Many modern businesses outsource their data to third party companies which aggregate, store, process, and broker the information, sometimes on behalf of clients in direct competition with one another.
Watering Hole Attacks
A watering hole attack works by identifying a website that’s frequented by users within a targeted organisation, or even an entire sector, such as defence, government or healthcare. That website is then compromised to enable the distribution of malware.
Supply Chain Security Model
I. Understand the risks
- Understand what needs to be protected and why
- Know who your suppliers are and build an understanding of what their security looks like
- Understand the security risk posed by your supply chain
III. Check your arrangements
- Build assurance activities into your approach to managing your chain
IV. Continuous improvement
- Encourage the continuous improvement of security within your supply chain
- Build trust with suppliers
II. Establish control
- Communicate your view of security needs to your suppliers
- Set and communicate minimum security requirements for your suppliers
- Build security considerations into your contracting processes and require that your suppliers do the same
- Meet your own security responsibilities as a supplier and consumer
- Raise awareness of security within your supply chain
- Provide support for security incidents
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