Reputational risk is a growing concern for all companies, especially as there is no one executive in a company that will "own" this problem. You work hard to grow your reputation, to be the “go-to” company that your customers want. It’s important to work equally hard to protect that reputation because all that you have worked for could be gone in the blink of an eye.
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Protecting your reputation could start with knowing your potential risks. As McDonald suggests, there are many areas within your business that can present a risk, such as your supply chain. Allowing each of your separate departments, or separate facilities, to manage individual supply chains is inefficient, as well as fraught with risk. For example, one warehouse might be flush with inventory while another warehouse is empty. You might end up ordering more inventory, which essentially delays a shipment to a customer, and wastes money. If you integrate your supply chain into a single
Building a solid reputation and becoming the go-to company in your marketplace isn’t easy; however, it can be very easy to lose it all. Protect all that you have worked hard to create by evaluating your risk and by controlling business operations with an ERP software solution. Integrating operations and monitoring real-time business data can give you the opportunity to fix problems before it’s too late. Contact Rimrock Corporation for more information about protecting your business with the right ERP:
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