Spending on Operational Risk Management based on AMR Research report

Filed in archive Research on January 4, 2007

Today AMR Research released the results of an in-depth field study on the state of operational risk management technologies. The study found that 46% of firms plan to implement or evaluate technology for risk management in the next 12 to 24 months, PR Newswire reported.

Risk management has emerged as a critical discipline due to the business need for global sourcing strategies, increasingly complex contract manufacturing relationships, and the greater number of natural and political events that can disrupt the supply chain.

"As firms move to leaner operating models and leverage global sourcing models, uncertainty in both supply and demand is growing along with supply chain complexity," said Mark Hillman, research director, AMR Research. "As a result, the need to manage risk, specifically in supply chain, is on the rise."

Do you think there are other reasons behind this tendency?