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The Benefits of an Expanded Role



By Beth Enslow

Print Email Add to Facebook Add to Twitter Add to LinkedIn Write to the Editor Reprints

Risk managers' increased involvement with supply chain risks has benefited their companies in a number of ways, including:

-- More effective insurance spend and risk portfolio balancing due to enhanced understanding of changing supply chain conditions

-- Lower legal liabilities

-- Enhanced business continuity and trade disruption management

-- More cost predictability for the enterprise

-- Improved oversight of suppliers (and suppliers' suppliers), logistics partners and contractors

-- Improved ability to respond to customer queries concerning the company's business continuity and other plans

-- Faster recovery time and better adherence to corporate guidelines when disruptive events occur

(Find the complete Marsh supply chain survey report here.)

April 15, 2008

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