What are three critical supply chain challenges facing U.S. government prime contractors?

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What are three critical supply chain challenges facing U.S.government prime contractors?

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As government contractors increase their give chains throughout global borders deliver chain chance administration is gaining the concentration of the industry and US Regulators alike Heightening law throughout industries requires contractors to without difficulty reveal their provide chains from end to end and control risk each and every step of the way in which The stakes have on no account been greater Penalties for noncompliance may also be devastating to operations New principles and restrictions proceed to increase and evolve escalating the responsibility safeguard contractors ought to intently govern their own as good as their subcontractors deliver chains For example as a part of its efforts to stem the drift of counterfeit electronics in its supply chain the division of safeguard DOD issued a ultimate Rule in 2014 that requires DOD contractors to set up a chancecentered counterfeit digital materials detection and avoidance system in 12 enumerated areas The guideline used to be introduced partly as the outcome of an investigation commissioned in 2011 by way of the Senate Armed services Committee which found roughly 1800 cases of suspected counterfeit electronic ingredients in navy apparatus over a twoyear period In August of this yr DOD amended this rule additional to train contractors on tips on how to implement these programs even as adding major sourcing restrictions As creation and procurement grows extra globalized and complicated its as critical as ever for prime and subcontractors to at ease their provide chains towards an array of everevolving compliance risks Read on for an overview of the Contractor purchasing approach evaluation which governs contractor programs for working with subcontractors As recounted above well then appear extra carefully on the new counterfeit ingredients ideas and compare how the existing country of origin restrictions match into contractors give chain risk administration efforts In constituents 2 and three of the sequence well additionally compare human trafficking principles export controls and other compliance hurdles government contractors would face in managing their provide chain Whats a Contractor purchasing method assessment and what are the risks A Contractor buying system evaluate CPSR defined in some distance forty four101 evaluates the effectiveness and efficiency of a contractors approach for buying materials and services as good because the contractors compliance when engaging and managing See Answer

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