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Supply Chain Risk Management : The Challenges Driving Increased Interest in Managed Service

GlobalTranz

Any discussion on supply chain risk management and applying managed transportation to help prevent risks from coming to fruition is incomplete without touching on the pandemic to overcome supply chain disruption. Market Volatility Continues to Undermine Supply Chain Risk Management.

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Supply Chain Risk Management: 7 Challenges Driving Increased Interest in Managed Service

Logistics Viewpoints

Disruption has been the name of the game for more than a year as supply chain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supply chain volatility.

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How is AI Revolutionizing Supply Chain Risk Management? 

Resilinc

For example, in the life sciences industry, biopharma companies increasingly rely on contract manufacturing and development organizations (CDMOs) to address biologics manufacturing production and capacity demand. Enter the future of AI in supply chain. Are there different models of AI for different supply chain use cases?

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It’s Time to Rethink Supply Chain Risk Management

ivalua

Time to recover (TTR) is the amount of time a particular supply chain node needs to regain full capacity after a specific shock. Time to survive (TTS) is the maximum duration that the supply chain can match supply with demand after a facility disruption. Fortunately, we have what we need today.

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Your supply chain is costing you money – Reason #5 Not having a supply chain risk management process

Kinaxis

by John Westerveld Reason #5: Not having a supply chain risk management process. Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. If your demand decreases, you have excess inventory or idle capacity.

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Supply Chain Risk Management brings Resilient SCs

Prophetic Technology

With disruptions impacting SCs more often, it will be difficult to recoup to a prior-disruption state, so the resilient Supply Chain (SC) definition will need to change.

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2023 Mid-Year Check-In: Current Status of Supply Chains and What’s Next?

Logistics Viewpoints

Furthermore, some organizations plan to take steps to diversify supplier relationships, indicating a broader supply chain risk management approach. But others provided clarity on labor management’s value for them in comparison to an alternative.