Supply Chain Risk Management – 5 Approaches to Safeguard your Supply Chain

ThroughPut

A recent study by Deloitte revealed that almost 85% of surveyed global supply chains had experienced at least one disruption in the past 12 months. What is Supply Chain Risk Management? The Supply Chain Risk Management Lifecycle.

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

Jason Koebler and Joseph Cox explain, “In the 2015 novel Ghost Fleet , the spark that starts World War III is not a nuclear bomb, but a supply chain hack. ” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. ” He also acknowledges that under-investment in supply chain risk management is understandable.

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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.

Supply Chain: The True Game of Risk

Supply Chain Shaman

One of my favorites was the board game Risk. ” The rules have changed, and the risk increased. For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks.

On Your Radar: Important Logistics Trends and Outlook for 2016

Talking Logistics

In a highly-dynamic business environment, it’s critically important for supply chain and logistics executives to keep a pulse on what’s happening in the industry. Robinson , will discuss the following trends and questions: Economic Growth : How to manage costs in a slow-growth environment? Transportation Market : What are some creative solutions to managing transportation spend and capacity more effectively?

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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.

This Week in Logistics News (June 20-24, 2016)

Talking Logistics

A beautiful woman passed away this morning, my wife’s aunt who we all loved, so I will be brief with my comments about this week’s supply chain and logistics news. Logistics in Transition: U.S. Business Logistics Costs Slow Considerably with 2.6% HighJump Adds Supply Chain Analytics to Enterprise Software Suite. Triumph Business Capital Provides Instant Cash Funding Via AscendTMS™ Logistics Software. business logistics costs rose to $1.48

“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.,

Efficient Financing Options Help Enhance Factory Standards in Emerging Markets

Logistics Viewpoints

The financial supply chain needs more attention than it usually gets. Traditionally, the focus of supply chain management is on the movement of finished goods and raw materials across the value chain. The post Efficient Financing Options Help Enhance Factory Standards in Emerging Markets appeared first on Logistics Viewpoints: A Blog for Logistics, Supply Chain, and 3PL Executives.

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Made in “I Really Don’t Know”

Talking Logistics

In this week’s Ripped from the Headlines segment, another example of how many companies still have poor visibility and control of their end-to-end supply chains. “Australians would be shocked to hear that an iconic Australian brand with roots on the surf coast of Victoria can’t confidently track clothing produced within its own supply chain,” said Oxfam Australia’s CEO Dr Helen Szoke​. How do you begin to improve supply chain visibility and control?

Unlearning Supply Chain Management

Talking Logistics

The near-infinite processing power Cloud computing provides (along with other technological innovations) will cause everyone in the supply chain and logistics field to unlearn the way we’ve always done things, everything from the way we design software applications to how we design and manage supply chain processes. The “Great Unlearning Begins” I wrote back in December 2014; it was one of my supply chain and logistics predictions for 2015.

Supply Chain Risks: Which Are Top of Mind Today?

Talking Logistics

If you were to add a subtitle to every supply chain professional’s job description it would be Risk Manager or Risk Mitigator. The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt.

New Lithium-Ion Battery Shipping Regulations Can Impact Electronics Supply Chains (Part 2)

Resilinc

In part 1 of this blog, we examined lithium-ion batteries in the supply chain context and examined the recent ban's stipulations. In Part 2, we discuss why many shippers and advocacy groups disagree with the prohibition, what this ban can mean to supply chain and procurement professionals, and provide next steps for those potentially affected. supply chain visibility supply chain resiliency supply chain risk management logistics

Supply Chain Risk and My Online Order

Talking Logistics

This is typically when I order a tequila in frustration and my mind goes into overdrive asking the basic question: What are the risks in their supply chain? . Could political risk impact my cologne order? I may be overly concerned about the receipt of my order, and I do have some safety stock levels with my current cologne, but since the company has not charged my card, it also make me think about economic risk. Risk causes can be extremely varied as mentioned.

New Lithium-Ion Battery Shipping Regulations Can Impact Electronics Supply Chains (Part 1)

Resilinc

This is part 1 of a 2-part blog addressing the International Civil Aviation Organization's (ICAO) recently enacted ban on the shipment of lithium-ion batteries as cargo consignments on passenger planes and the associated supply chain risks of such provisions. In part 1, we look at the lithium-ion battery supply chain in context and examine the ban stipulations. supply chain visibility supply chain resiliency supply chain risk management logistics

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.”.

At the Starting Line: New Year’s Resolutions for Supply Chain and Logistics Executives

Talking Logistics

We’ve made our predictions , but it’s the unexpected that makes supply chain management so exciting and demanding. Did you come up with any New Year’s resolutions to improve as a supply chain and logistics leader this year? From “5 New Year’s Resolutions for Supply Chain & Logistics Executives” originally published on January 14, 2014: 1. Ask “What are the risks?”more And the first step is asking “What are the risks?”

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

“We will see $300 a barrel — or roughly $250 in today’s dollars — because oil supply will be so short. That will be in 2015, after the peak of oil [supply].”. I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. The EIA now expects that “global liquid fuels supply will continue to outpace consumption, resulting in an average stock build of 0.4

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Seasoned Leadership in Action? ? An Interview with Joe Carson, CEO Spend Strategies, LLC!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “ Seasoned Leadership in Action ™” Interview series at Supply Chain Game Changer. As an experienced business professional, he has served in diverse roles ranging from Marketing and Strategy, to Procurement and Supply Chain.

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.

Don’t Fear Optimization (It’s Just a Word)

Talking Logistics

Author’s Note: The following is the forward I wrote for a new textbook published by MercuryGate (a Talking Logistics sponsor) on “ Modern Technology for Transportation Optimization ,” which is available for purchase on Amazon.com. The word “optimization” is ubiquitous in the supply chain and logistics industry. In many ways, I believe many supply chain and logistics professionals are intimidated by optimization.

Welcome to the Supply Chain where the Risks Never Stop Coming

Enterra Insights

There are undoubtedly moments when risk managers would like to “take a knee” in order to find respite from the risks their supply chains face. According to the staff at Supply & Demand Chain Executive , “A new report from Resilinc reveals that global risks increased throughout 2018, with geopolitical conflicts posing some of the most potentially costly and disruptive supply chain impacts.”[1]

How an Inefficient Supply Chain can kill an FMCG Business?

Abivin

Managing supply chain is getting more complex and sophisticated in the global context. Supply chain is considered a prerequisite for the existence of FMCG businesses. Remaining a vulnerable supply chain is equivalent to an ever-present threat, as supply chain operations drive a company's success. Why is supply chain inefficiency a major threat to FMCG businesses?

I Will Be Wrong Again: Supply Chain and Logistics Predictions for 2017

Talking Logistics

This is not only true for financial investments, but also for supply chain and logistics predictions. Like I said last year, making supply chain and logistics predictions is like throwing darts at a moving target: sometimes you get lucky and hit the mark; other times you miss the bullseye by a mile. Here’s one of my predictions for 2016 that hit the mark: Blockchain Technology Will Make Its Debut in Supply Chain Management.

You Can’t Play Ostrich with Supply Chain Risks

Enterra Insights

”[1] Companies who metaphorically bury their heads in the sand rather than confront supply chain risks are also exposing their thinking parts. According to Bertrand Maltaverne ( @bmaltaverne ), a self-proclaimed Procurement digitalist, a number of companies are poised to get their butts kicked because they metaphorically burying their heads in the sand. ” He goes on to offer three reasons companies ignore supply chain risk at their own peril.

Supply Chain Movement 21 – S&OP + IT

Supply Chain Movement

Contents Supply Chain Movement 21 – 2016 Q2. Forecasting is about managing risks. Major organisational and cultural changes lie ahead for supply chain management. 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. 29 | Checklist Freight Spend Management.

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[INFOGRAPHIC] 5 More Supply Chain Trends To Watch Out for in 2016

Cerasis

Yesterday we began our two part series on 2016 supply chain trends that will drive supply chain management into the future. In that continued theme, today we will again talk about technology but will also include some trends that require a fundamental mindset as well as a holistic mindset when it comes to effective supply chain management now in 2016, throughout the year, and beyond. Making the Supply Chain Circular Vs. Linear.

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SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

Our 40 th Bi-Annual Supply Chain Resource Cooperative meeting was a great success, culminating with the student gallery walk, featuring 27 undergraduate and MBA supply chain projects. I kicked off the meeting with an overview of the current dilemma facing supply chain executives, given the uncertainties of tariffs with China, Brexit in the UK, and the disturbances in Hong Kong and the Middle East that create a path with many risks in every direction.

Supply Chain Control Tower Readiness- Part Two - Infosys Blogs

Infosys Supply Chain Management

Logistics and Distribution. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management.

Supply Chain Control Tower Readiness- Part One - Infosys Blogs

Infosys Supply Chain Management

Logistics and Distribution. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management.

New online insight hub revealed to increase intelligence resources for supply chain decision makers

EFT

The acquisition combines Reuters’ globally trusted news brand, scale and editorial excellence with eft’s deep expertise in highly specialized events and content production for key decision makers right across the supply chain industry. What role does eft play in the supply chain market and what business intelligence does it provide? In short, eft provides business insights and analysis to the whole supply chain industry.

Supply Chain Management:Gamification - An EAM perspective

Infosys Supply Chain Management

Logistics and Distribution. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management.

Supply Chain Management:Managing After-Sales Service by.

Infosys Supply Chain Management

Logistics and Distribution. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management.

Supply Chain Management:Why not WMS App? - Infosys Blogs

Infosys Supply Chain Management

Logistics and Distribution. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management.

Supply Chain Management:Oracle based Demand to Deliver.

Infosys Supply Chain Management

Logistics and Distribution. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management.