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New Momentum Forms Supply Chain Risk Management Council
Jan 29, 2008 (08:01 AM EST)
SAN CLEMENTE, Calif., Jan. 29 /PRNewswire/ -- With supply chain risks increasing significantly in the last two years, New Momentum, provider of Supply Chain Risk Management (SCRM) software for organizations who make or use electronic components in their products, has formed a supply chain risk management council. Companies from seven industries are participating in the program which targets: Uncovering and prioritizing today's most critical supply chain issues; developing best practices; and finding solutions for reducing these risks.
The program begins with research: As part of ongoing research into today's most pressing supply chain risks, Joshua Greenbaum, analyst, Enterprise Applications Consulting, has interviewed a number of companies on New Momentum's behalf. His goal is to determine what organizations considered the "show stoppers," the risks that could significantly impact their bottom line and market share.
Across the seven different industries, the research to date shows that many of the same issues are considered the top risks: Supply interruption due to component volatility, natural disasters or geo-political events; accurate inventory valuations/SOX compliance; outsourced partner compliance; brand/intellectual property protection.
New Momentum has invited all companies involved in the research to join the Supply Chain Risk Management Council. Members of this council have the opportunity to participate in roundtable discussions with other council members and industry experts as well as work with New Momentum's software at no cost, providing product direction.
Stu Clifton, New Momentum's CEO, commented, "For high tech companies, global outsourcing has reduced production costs, but it has also put supply chains in jeopardy. We have two main goals in conducting an on-going research project and creating the Supply Chain Risk Management Council: To provide a forum for enterprises worldwide to become more aware of potential supply chain risks that could threaten production or regulatory compliance; and to determine the tools organizations need most to reduce their critical risks. We believe this council will pave the way for greater understanding of worldwide supply chain risks and finding solutions that work."
Companies interested in participating in the Supply Chain Risk Management Council should contact New Momentum directly.
About New Momentum
New Momentum offers supply chain risk management solutions that provide tools to reduce operational risk, improving revenue and profits for companies who make or use electronic components in their products. Armed with New Momentum's open market data, which is difficult or impossible to get any other way, enterprises can better manage supply interruptions, protect their brand and intellectual property, improve partner compliance, reduce surprises in asset valuation and provide excess inventory resolution.
CONTACT: Chris Jensen, VP Marketing of New Momentum, +1-714-803-1432, firstname.lastname@example.org
Web site: http://www.newmo.com/