Given that SMEs account for more than 99 percent of the total number of UK firms,
encouraging business continuity take-up among this group is vital if we are to
address the potential risk for the British economy as a whole.
With supply chains increasingly becoming more complex and interlinked, the management of supply chain risk in respect of SME resilience is a key issue. Many organisations are trimming down the number of suppliers they use, reducing supply lead times and stock holdings to reduce costs. But this can increase risks if the chosen suppliers do not have adequate protection. One of the ways a larger organisation can mitigate this is by utilising BS25999 as a measure by which to gain confidence that their suppliers' plans are of a sufficient professional standard.
Disaster Cover Direct has been designed with the ability for larger organisations to push it down through their supply chain, with risk mitigation and service credit benefits to their own organisation. The BCI Good Practice Benchmarking tool is also embedded within the Disaster Cover Direct package.
Many organisations have taken steps to implement business continuity to protect themselves and their
customers, but may be vulnerable to risks from their own suppliers. Organisations need the support
of industry bodies to help them ensure their suppliers are not a point of weakness that could negate
their own careful planning. Disaster Cover Direct provides your suppliers with a perfect introduction
to business continuity planning with the support of an industry-leading service provider and the
technical and professional expertise that brings. It offers a safe way for companies to provide basic
cover to satisfy your individual requirements as a customer, at the same time providing an excellent
starting point for their future business continuity development.
Lorraine Darke, Membership Director, BCI, explains
The launch of Disaster Cover Direct can only be a good thing for the further development of
business continuity management as a fundamental business concept. An integral part of the Disaster
Cover Direct package is an introduction to the BCI through Affiliate membership, which will lead to
a better understanding of what is involved in the good practice of BCM. If leading companies with
mature BCM in place can feel confident their suppliers are developing BCM and will be able to ensure
a continuity of supply no matter what, then everybody will benefit.
To help your suppliers to protect their business and yours, we have produced supplier discount vouchers for you to pass onto your suppliers. In addition to helping them out with a 10% discount on their annual contract, if 3 or more of your suppliers sign up, you will earn some rewards from ICM!
Click here to request some discount vouchers for Disaster Cover Direct to send on to your suppliers.
Supply chain often neglected during business continuity planning
Integrating business continuity criteria into your supply chain