Case Study: a Fortune 500 food manufacturer strengthens supply chain risk management with GEP Nexxe

Fortune 500 Food Manufacturer Develops Supply Chain Risk Management Capabilities With GEP

A Fortune 500 food manufacturer sought to address its lack of a formal process for identifying supply chain risks after a single-source supplier failure threatened product supply. The company engaged GEP Nexxe to establish a detailed supply risk assessment mechanism to proactively mitigate such vulnerabilities and ensure business continuity.

GEP developed a customized supply risk assessment model that analyzed nine specific parameters to score the risk of each ingredient. This solution enabled the client to identify high-risk items and prioritize mitigation strategies, such as developing alternative suppliers and improving supplier quality. As a result, GEP Nexxe insulated the client against unforeseen price risks and provided a mechanism for category managers to collaborate with cross-functional teams on risk mitigation plans.