Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

states, obvious disruptions to supply chains and supply chain risk management were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. The southeast contains a bunch of key ports and supply chain links that were in peril as Matthew approached and eventually passed through them. The human links of the supply chain were stressed.

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. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Your supply chain is costing you money – Reason #4 Making key decisions by modelling the supply chain in Excel.

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Time to Survive and Nexus Supplier Index: New Measures of Supply Chain Risk Management

Talking Logistics

Over the past two years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping. See for example: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management. Do You Have a “Top 25″ Supply Chain? Why Supply Chain Mapping Matters. Many Companies Falling Short on Supply Chain Risk Management.

Supply Chain Risk Management and Rocket Science

Logility

I became very familiar with risk management early in my professional career. Supply chain professionals have to push the envelope on processes and procedures every day to gain incremental improvements in customer service, costs and efficiencies. As in the aerospace industry, pushing the supply chain envelope involves increased risks that need to be analyzed and mitigated, if possible, or at least planned for.

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Is Your Supply Chain Ready To Recover? In thinking about the show and its construct I thought about the incredible amount of risk that the performers and producers are managing. These world class performers have astonishing talent but they are also working in an environment designed to eliminate risk and maximize safety. While most jobs are not life threatening the level of risk is still prevalent.

Visibility is the Key to Supply Chain Risk Management

Abivin

Supply Chain Visibility – Why can’t it be ignored? It is no doubt that the supply chain is always growing to be more complex and expanding in organizational costs. Supply chain visibility is a requirement for keeping that complexity and cost under control. In term of risk management, visibility is essential to enable both the business and supply chain to become more agile, competitive, and robust.

Coronavirus Creates Opportunity for Healthy Supply Chain Correction

Talking Logistics

Alongside that is the incredibly difficult task of measuring supply chain effects throughout the rest of the year. Manufacturers, distributors and retailers are trying to understand what this will mean for. Read more Coronavirus Creates Opportunity for Healthy Supply Chain Correction. The post Coronavirus Creates Opportunity for Healthy Supply Chain Correction appeared first on Talking Logistics with Adrian Gonzalez.

Do your supply chain challenges have you feeling a little snowed under?

Kinaxis

by Andrew Dunbar The first day of spring is less than a week away but the Canadian winter is still wreaking havoc on local supply chains. While it would be convenient to blame this on Nova Scotia’s unforgiving winter weather, the root cause of this delay is really a supply chain planning issue. Though complex, it’s not that different in nature than the basic supply chain problems we face in other industries on a daily basis.

CSR Is A Core Component of Supply Chain Risk Management In Procurement

EcoVadis

Now more than ever, risk management is a vital part of the procurement function, and hence the CPO’s responsibilities. One main reason is because supply chains are growing longer and are getting more complex. Thus, the likelihood of supply chain disruptions has increased. What are the potential costs of failure for your company when it comes to supply chain risks? Look Across The Supply Chain.

Three Reasons to Give Advanced Track and Trace Capabilities a Fresh Look

Logistics Viewpoints

The need for track and trace capabilities in industries such as food and beverage, manufacturing or automotive industries is obvious: the threat of contamination or recalls impacts public safety, and the responses to those events are highly regulated. Inventory Management Reverse Logistics Supply Chain Risk Management Warehouse Management Systems

Non-Traditional Supply Chain Pt 1: Data as a Commodity

Kinaxis

by Alexa Cheater An interesting topic came up the other day at the office, the idea of non-traditional supply chain. Not non-traditional in the sense of a company that thinks and acts a little outside of what’s considered to be ‘normal’ supply chain operating processes. Rather, supply chains that don’t deal with material goods at all. Anyone who works in traditional supply chain knows data is king.

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Accenture – 10 Years After: How Close Are We to True Demand-Driven Supply Chains? SupplyChainBrain & Kinaxis Video Series

Kinaxis

It’s been about a decade since companies began talking about the dream of a truly “ demand-driven ” supply chain. It’s been 10 years since companies began striving to create “demand-driven” supply chains. Today, companies are “realizing that perhaps it’s not quite as short a journey as we thought it would be,” says Roddy Martin, managing director of Accenture Supply Chain Strategies.

Video 197

The Next Great Disruption Coming to Supply Chains

Kinaxis

by CJ Wehlage What would you say is the next great disruption coming to our supply chain world? However, there’s one great disruption already occurring, which has yet to truly “touch” supply chain. I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Where is the supply chain nodes?

“You’re Only as Good as Your Worst Supplier”

Talking Logistics

That quote came from a Wall Street Journal article published last week about supply issues Pratt & Whitney (a unit of United Technologies) experienced this summer that almost brought its engine production operations to a halt. in an effort to streamline its supply chain as it prepared to ramp up manufacturing…UPS said last year it would set up a logistics center in Londonderry, N.H.,

Japan and Ecuador Earthquakes: Supply Chain Lessons from Past Disasters

Talking Logistics

These earthquakes are also a reminder of how natural disasters can disrupt supply chains. s iPhones are manufactured. Over the past few years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping, including the following: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management.

Throw Back Thursday: Remembering ‘Meeting Customer Demand in a Complex Industry’ from Kinexions

Kinaxis

In this video hear, Gary Dietz, Manager, Global Logistics and Supply Integrated Supply Chain and Logistics, Kennametal, as he discusses the challenges his company faces in gaining full visibility of supply and demand, and in dealing with increasing supply chain volatility. This global manufacturer of surface-cutting tools, with headquarters in western Pennsylvania. The company’s biggest pain point, he says, is managing assets.

5 New Year’s Resolutions for Supply Chain & Logistics Executives

Talking Logistics

If you’re a supply chain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Ask “What are the risks?”more Supply chain management is risky business — and the risks are growing every day. Simply put, many companies are still falling short on supply chain risk management , and they continue to pay the price.

GM Supplier Factory Explosion: Thoughts on Supply Chain Visibility and Responsibility

Talking Logistics

Zhongron supplies aluminum alloy wheel hubs to another company, Citic Dicastal Wheel Manufacturing Co., Here’s the way I think about it: you can’t aspire to have end-to-end supply chain visibility, which is what every manufacturer and retailer wants in order to become more agile and responsive, without also accepting end-to-end responsibility. This is by no means an easy task, especially for companies like GM with complex, global supply chains.

Nothing Easy About Supplier Relationship Management

Talking Logistics

In recent weeks, I’ve come across several articles underscoring how much more difficult, risky, and complex supplier relationship management is becoming. Here are some of the headlines, along with a few excerpts: Bar Association warns corporations: Clean up supply chains (Star Tribune, Nov. Commit to ending human-rights abuses in your supply chain, the letter will say. Companies Turning a Blind Eye to Supply Chains (WSJ, Dec.

How to Combat the Uncertainty and Risks in Today’s Global Supply Chains

Talking Logistics

and China, what’s happening (or not happening) with Brexit in Europe, or the status of “New NAFTA” and other trade agreements, one thing is clear: there is growing risk and uncertainty in global supply chain management. How are leading companies navigating these risks and uncertainties? Two of the biggest supply chain challenges uncovered by the study are the age-old problem of taxes and duties and the more recent trend toward economic nationalism.

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Do You Have a Proactive Supply Chain Design or a Reactive One?

Talking Logistics

Every supply chain has a central purpose, regardless of size or industry: getting materials from their point of origin to the place they’re needed as quickly and inexpensively as possible. Designing a supply chain to accomplish that task isn’t as straightforward as it seems, especially when technology is involved. A smart company pays attention to the way their supply chain operates, and that means working with a proactive design over a reactive one.

This Week in Logistics News (April 28 – May 2, 2014)

Talking Logistics

In this week’s news… JDA Software Announces Industry-Leading Distribution-Centric Supply Chain Suite. Resilinc Announces SupplyIntel Corporate Social Responsibility (CSR) Module to Protect Against Brand Risk. Supply Chain Council to Merge with APICS. DOT Secretary Foxx sends transportation bill to Congress (Logistics Management). It is offered in combination with the unique supply chain mapping capabilities of the Resilinc platform.

What is the Biggest Blind Spot in Your Supply Chain?

Talking Logistics

In countless surveys over the past decade, manufacturers and retailers rank “improving supply chain visibility” as one of their top priorities. Yet, despite their focus on this effort and advancements in technology, achieving timely, accurate, and complete supply chain visibility remains an elusive goal for many companies. Supply chain networks are reconfiguring at a rapid pace, so the challenge of connecting to new trading partners is ongoing.

This Week in Logistics News (July 14-18, 2014)

Talking Logistics

Version of SAP® Demand Signal Management Application. UPS Capital – Sponsored Study Shows Supply Chain Risk Mitigation Strategies Lacking. Penske Logistics Joins CargoNet to Enhance Supply Chain Security. At the center of Atlas’ product line is Atlas Exchange, a secure document exchange providing a “connect-once, access-all” network, securely linking retailers, manufacturers, suppliers and logistics service providers.

Missing: C-level Engagement to Address Supply Chain Disruption Risk

Talking Logistics

A 2005 study on the impact of supply chain disruptions revealed there is significant damage to a company’s financials and brand when a crisis or stoppage occurs. The report shows, for example, that firms suffering from supply chain disruption experience 33% to 40% lower stock returns compared to their peers. The stakes are high – as is the level of risk. But surprisingly, a significant number of manufacturers are not being very proactive.

Updated IT Subway Map: Major acquisitions in SC software

Supply Chain Movement

The supply chain software industry is in a considerable state of flux. as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems. furthermore, because the continuing growth in outsourcing is making global businesses ever-more susceptible to disruptions, supply chain risk management software is also on the rise. Risk and Order Management.

Your supply chain is costing you money – Reason #6 Not effectively managing inventory.

Kinaxis

by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. But I was right with some of my other predictions, especially my prediction that we would see a rise in cyber attacks in 2017, with supply chain and logistics operations becoming new targets. It echoed the title of my September 2016 post, “ The Day a Cyber Attack Brings the World’s Supply Chains to a Halt.”. Source: Evan, Flikr.

Participation request for interesting Supply Chain surveys

Supply Chain Movement

Dear Supply Chain Professionals, There are several very interesting supply chain surveys open for participation at the moment (in Januaray and February, 2014). 4 surveys by Supply Chain Insights LLC: Supply Chain Visibility: Benchmark companies’ supply chain visibility in business relationships within their extended supply chain, including the effectiveness of data sharing and sensing: [link].

Rising Above Supply Chain Disruptions

DELMIA Quintiq

When a massive disruption such as a global pandemic hits, many businesses realize that their legacy planning solutions are not capable of providing the insights they need to manage such disruptions effectively. What they need is a supply chain solution that will enable them to stay on top of problems, minimize damage and stay ahead of competitors. Typically, companies face two kinds of risks: Everyday risks and exceptional risks.

Your supply chain is costing you money – Reason #7 Making decisions based on bad data (supply chain data accuracy)

Kinaxis

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. On Hand Inventory quantity/status.

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My Video Call with Santa Claus

Logility

Update on the Christmas Express Supply Chain. Around this time last year I had a call with the jolly old man of the north to talk over some ideas on how he and his army of elves might improve the Christmas Express Supply Chain (CESC). Recognizing this challenge, Santa identified an initial group of elves to study data analytics at a school that specializes in applying analytics to supply chain operations.

Video 109

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. However, many ports are not allowing these ships to dock due to the risk of creditors seizing the ships. Such risks are on the rise. There is a constant push to free up working capital by leaning down on the inventories. Lead times are in weeks and months in cases where manufacturing is outsourced to firms on the other side of the earth.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

Supply Chain Risks Beyond the Coronavirus

Enterra Insights

The sudden and widespread onset of the coronavirus affected the global economy and global supply chains in significant ways. No one knows this better than supply chain risk managers. Bowman, Managing Editor of SupplyChainBrain , asks some important questions: “In a complex modern-day global supply chain, how can companies assess which suppliers present the highest level of risk to business continuity?