How to Ensure Supply Chain Resiliency – Here’s Your Checklist

Supply Chains. They’re like a business’ circulatory system, a network of critical components that, when functioning properly and working together, support the life of the company. And when interrupted or malfunctioning, can induce devastating repercussions. But in an age when many organizational supply chains transverse continents, cultures, and regulations, securing supply chain continuity poses impressive challenges.

This is why enterprises should employ every resource and method available to advance supply chain resiliency. And the first and most crucial step towards that goal should be developing a robust business continuity management program (BCMP) that directly addresses supply chain risks. To aid you in this process, we’ve created a useful BCMP supply chain checklist to help steer focus and fill in gaps.

Your Supply Chain Continuity Checklist

☑️ Do you have a documented and updated BCMP that includes responses and recovery plans for all primary and secondary suppliers?

☑️ Have you conducted an exhaustive risk assessment involving all suppliers?

☑️ Have you identified your most critical suppliers and conducted a business impact analysis (BIA) the effect on your organization should they suffer a disruption or failure of operations?

☑️ Have you determined your Recovery Time Objectives (RTOs)?

☑️ Can you verify that your suppliers have also performed a BIA and identified RTOs?

☑️ Have you confirmed that identified suppliers have conducted their own risk assessments and BIAs within the past 12 months?

☑️ Can you verify that your suppliers have viable up-to-date BCMPs, emergency response, and disasters recovery plans in place?

☑️ Have your suppliers provided proof of emergency response testing within the past 12 months?

☑️ Have your suppliers developed crisis management protocols and communications, including procedures for notifying your enterprise and customers in the event of quality, delivery, or service issues?

☑️ Do your suppliers possess any Customs Authority approved certifications for supply chain security: C-TAT (USA), PIP (Canada), AEO (EU), STP (Singapore)
            • If yes, list the certification code and latest validation date for each

☑️ Do your suppliers hold documented and current labor and wage policies?

☑️ Can you verify your suppliers’ compliance and enforcement of environmental policies?

☑️ Can you confirm your suppliers’ compliance and enforcement of health and safety policies?

☑️ Can you confirm your suppliers’ compliance and enforcement of ethics policies?

☑️ Can you confirm your suppliers’ compliance and enforcement of health and safety policies?

☑️ Do your suppliers meet all other regulatory and industry compliancy standards?

☑️ Do your suppliers back up critical data daily and store a copy separate from the originals?

☑️ Do your suppliers have detailed, documented cyber security and customer data protection protocols and tools in place?

☑️ Is your supplier compliant with the European GDPR?

☑️ Do your suppliers possess and tests fire protection equipment regularly?

☑️ Do your suppliers’ facilities meet building and electrical codes?

Checking off all of these items is not a guarantee of your supply chain continuity, but it’s good start. For formidable resiliency, organizations should relentlessly review and modify their assessments and plans to ensure the most up-to-date and relevant process are in place.

Want to remain resilient and protect your bottom line? Visit our website or contact an Castellan certified business continuity professional today. We will be happy to help.

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