Top 3 Supply Chain Risk Misconceptions


Posted By: Ryan Richardson - 2/6/2023 12:00:00 AM

Supply chain risk management is critical for businesses of all sizes, and yet, many organizations still hold misconceptions about what it entails. These misconceptions can lead to inadequate preparation, leaving businesses vulnerable to supply chain disruptions and financial losses. In this blog post, we'll discuss the top three supply chain risk misconceptions that organizations need to be aware of.

  1. Supply Chain Risk Only Affects Large Companies

Many small and medium-sized businesses believe that they are not at risk of supply chain disruptions because they lack the size and complexity of larger organizations. However, supply chain risks can impact businesses of any size, and smaller companies may be even more vulnerable to disruptions because they lack the resources to quickly recover from an incident.

Your IT services provider must work with you to identify and address potential supply chain risks, regardless of the size of your business. This can include conducting risk assessments, developing contingency plans, and regularly monitoring vendors and suppliers.

  1. Supply Chain Risk Management Is Only Necessary for Manufacturing Companies

Another common misconception is that supply chain risk management only applies to manufacturing companies. However, every organization, regardless of industry or sector, relies on a complex network of suppliers and vendors to support their operations. Any disruption in this network can have significant consequences, including financial losses and reputational damage.

Your IT team should help you understand that supply chain risk management is critical for all businesses. This includes identifying potential risks and developing contingency plans to minimize the impact of disruptions.

  1. Supply Chain Risk Management Is Too Expensive

Many businesses believe that supply chain risk management is too expensive and time-consuming, and therefore not worth the investment. However, the cost of not addressing supply chain risks can far outweigh the cost of implementing risk management strategies.

Managed IT services providers like runbiz™ will work with you to identify cost-effective solutions to manage supply chain risks. This can include implementing supply chain visibility tools, developing contingency plans, and regularly monitoring vendors and suppliers.

In conclusion, supply chain risk management is critical for all businesses, regardless of size or industry. Managed IT services providers in Amarillo, TX, must help their clients understand the misconceptions surrounding supply chain risks and develop effective risk management strategies. By addressing potential risks and developing contingency plans, businesses can protect themselves from supply chain disruptions and minimize the impact of any incidents that occur.

To learn more about achieving supply chain risk management and compliance, be sure to download our infographic titled "How to Achieve Supply Chain Risk Management and Compliance." You can also get in touch with someone on our team today by submitting a form here on our website or giving us a call at 806-322-2150. 

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Run Business Solutions is an IT Managed Services and Website Services provider based in Amarillo, TX. Since 2007, we’ve supported small to mid-sized businesses both regionally and throughout the country. We pride ourselves in helping businesses leverage technology, not just tolerate it. Runbiz is focused on enthusiastically providing excellent technical strategy, services, and solutions that drive our customers' businesses forward. We are passionate about our mission to empower people to do what they do well. To learn more about our approach to IT, visit our Managed IT or Co-Managed IT pages. If you are looking to revamp your website to look and perform better, visit our Website Services page for more information. CULTURE AND CORE Teamwork is the bedrock of the runbiz™ culture. We believe that every team player is what makes Runbiz successful. Our culture and core values are what set us apart. We must be a group of exceptional team players if we are to be an exceptional company. We believe in empowering our team, not only with the tools necessary to get the job done, but also with the confidence and freedom to do the right thing for our customers and teammates. We each understand the essence of our roles, we are motivated by empowering people to do what they do well and have clarity on how to play a part in the vision. We strive to live out the following core values daily: Kindness – We are caring, respectful, and patient. Integrity – We are honest, dependable and we do the right thing. Excellence – We are learning, improving, and exceeding expectations. Servant Heart – We are humble, helpful, and positive. Teamwork – We are team players and playing to win. You website can be a powerful tool for your business. However, if your potential customers cannot find it or cannot find the information they are looking for on it, they will likely return to Google and find another site that provides what they are looking for. We offer you the tools to take control of your website's content. Ensure your placement in Google's ranking and increase your leads and conversions by keeping your content up to date and relevant with runCMS. runCMS does not rely on third party plugins that are prone to breakage. Instead, it is actively developed, hosted, and supported by the friendly and experienced staff at Run Business Solutions. That means that you don't need to worry about dealing with hard-to-reach, unreliable web hosting companies. runCMS is powerful and easy to use. We would love to show you how it works. Powerful Tools RunIT CMS gives users powerful and easy to use tools to make managing website content easy. These tools are managed independently and the pages update automatically. This reduces (if not eliminates) the need to use third-party tools to accomplish goals. However, RunIT CMS allows for complete integration with custom CSS and JavaScript. Galleries A Gallery is a collection of images. RunIT CMS gives users the ability to create multiple Galleries. Users can upload and re-size image and add them to a Gallery. Images can be re-ordered, deactivated and given a hyperlink. ALT tags are fully accessible. Galleries can be added to pages as thumbnails, slideshows, or thumbnail slideshows. The slideshow is powered by the Nivo Slider by Dev7studios. Libraries A Library is a collection of Resources. A Resource is a file with a Title and Description. A Library could be seen as a collection of files made available on a website with a title and description. Library Resources can have an expiration date added which will cause them to no longer appear on the website when the expiration date passes. Libraries can be added to pages as simple lists of Titles that are download links or as tables with the Title, Description, File Name, and a Download button. Library downloads are tracked and are reported in the Analytics Dashboard. 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If RSVP Required is selected, the event details will allow users to RSVP. RunIT CMS Custom Content Editors are present throughout the system. They are WYSIWYG (What You See Is What You Get) editors that allow for content to be added and formatted in a Microsoft Word like manner. Our editor is one of the best on the market. RunIT CMS Custom Content Editor Toolbox The Custom Content Editors include a wide array of features for formatting text, pasting from Word, and pasting as HTML. Users can apply a CSS class from the site.css file to images and text. There is a full multi-level undo/redo mechanism with action trails like Microsoft Word. The editor includes a spell checker, find and replace tool, and a table builder. The editor also includes a powerful hyperlink manager, image manager, and document manager. The image manager allows users to edit images. The RunIT CMS Custom Content Editor produces clean, semantic HTML markup that users can view or edit with the click of a button. This allows for advanced users to embed videos, add custom scripts or styles, and generally take total control of how the HTML is going to look. Content Blocks There is no reason to repeat the same action (such as copying and pasting) to update multiple pages. No one enjoys manually updating each page of a website in order to update a hyperlink or an image. It is our goal to eliminate duplicate work when it comes to editing web content. That's what Content Blocks are all about. A content block is a piece of formatted content that can be added to pages and updated in one place. Content Blocks are edited with the Custom Content Editors, giving users complete control over the formatting (and advanced users control over the actual HTML). An example of a use case for a Content Block is a navigation sub-menu that exists in a subset of pages. Another example is a YouTube video that needs to be displayed on many pages and is subject to change. Site Layout Users have complete control over the way their websites look. Everything contained in the tag is editable using a Custom Content Editor. The system includes several macros for the purpose of adding the site navigation and page content in any place desired. There are also macros to get the site root, the current date/time, and to add CMS tools to the layout.know your purpose. We take the time to understand who you are as an organization to determine how we can best serve you. Our goal is that the products and services we offer, allow you to thrive in that purpose. empower your people. In order for your organization to reach it’s maximum operational potential, you need the right tools. 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