Supply Chain Risk Management: Revisiting Ericsson

SCM Research

Norrman & Jansson’s (2004) case study on Ericsson’s supply chain risk management (SCRM) practices is definitely part of the canon of SCM literature. The results can now be found in our new article, The Development of Supply Chain Risk Management over Time: Revisiting Ericsson. The Development of Supply Chain Risk Management over Time: Revisiting Ericsson. International Journal of Physical Distribution & Logistics Management.

Another Way to Think About Supply Chain Risk Management

ToolsGroup

Now we apply this same macro-agility and micro-agility concept to risk management. In the era of the global supply chain, many companies think about risk management in terms of “ macro agility ”—their ability to anticipate the likelihood of, and develop readiness plans for, major crises that impact the chain, like geopolitical instability and extreme weather.

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Coronavirus: Supply Chain Risk Management Back in Spotlight

Talking Logistics

Read more Coronavirus: Supply Chain Risk Management Back in Spotlight. The post Coronavirus: Supply Chain Risk Management Back in Spotlight appeared first on Talking Logistics with Adrian Gonzalez. Industry Trends Supply Chain Risk Management coronavirus John J. Brown logistics supply chainThe coronavirus, which the World Health Organization (WHO) declared a global health emergency last week, is starting to have an impact on supply chains.

Your 3PL as Supply Chain Risk Management Partner?

Talking Logistics

As I discussed last Friday, Accenture published a report recently on supply chain risk management. Seventy-six percent of the companies that participated in the study described supply chain risk management as important or very important, and “of the more than 1000 companies represented across 10 industries, 25 percent plan increased investments of at least 20 percent in supply chain risk management in the next two years.”.

Transportation Risk Management: Keep Your Cargo Out of Danger

Logistics Viewpoints

With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. Due to the global outbreak of the coronavirus, many global shippers are recognizing the value in a risk management plan to best prepare themselves for the current situation and others like it in the future. The risk of […]. Guest Commentary Transportation risk management

Logistics & Supply Chain Risk Management: Pivoting to Resiliency with these 3 Simple Processes

Cerasis

Supply chain risk management and resiliency are hot-button topics in the industry. However, minute supply chain entities do not understand how resilience relates to risk management and what it means for improving focus on the supply chain. As a result, supply chain entities need to understand how risk management and resiliency applies to both good and bad situations and how an organization can improve supply chain risk management and resiliency processes.

Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

Cerasis

This post is the second in a series of “How to Spot Supplier Risk.” ” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. Enhancing Supplier Risk Management Through On-Site Evaluations. The second article in our series on identifying supplier risk explores what to look for during on-site evaluations.

Supplier Risk Management Considerations for the Coronavirus Outbreak

ivalua

This will impact manufacturers and retailers who rely on these products and labor, the logistics haulers expecting to transport the material, and ultimately the end consumers. . This crisis demonstrates the increasingly global nature and complexity of supply chains and the imperative to manage the risk within this complex supply chain. This mapping should include evaluating those key tier 2 and tier 3 suppliers as well as key logistics hubs that could be impacted. .

Watch: Supply-Chain Risk Management in the New (Ab)normal

Supply Chain Brain

Yossi Sheffi, Elisha Gray II Professor of Engineering Systems & Director of the MIT Center for Transportation and Logistics, discusses his new book, The New (Ab)Normal: Reshaping Business and Supply Chain Strategy Beyond Covid-19

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. Many Companies Falling Short on Supply Chain Risk Management. In addition, new software applications are also emerging to help companies manage this process.

Chipotle: The Latest Example of Why Supply Chain Risk Management Matters

Talking Logistics

Why is supply chain risk management important? These are all basic supply chain and logistics practices that you would think a multi-billion dollar company like Chipotle would have had in place already, but as I’ve learned repeatedly over the years, company size and having a leading brand don’t necessarily equate to supply chain sophistication and excellence (see, for example, Home Depot sending orders via fax ). Rethinking Supply Chain Risk Management.

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

Supply Chain Game Changer

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. Supply Chain Professionals, although not usually theatrical, also work in an environment in which they are managing a tremendous amount of risk. Supply Chain Risk Management.

Supply Chain Risk Management: Visibility is the Key

Talking Logistics

I like to say that supply chain management is synonymous with risk management, and the risks are growing every day, everything from natural disasters to cyberattacks. Unfortunately, many companies are falling short in managing these risks effectively. I think it’s in failing to have a supply chain risk strategy,” said Phil Lavin, Development Consultant IT at Siemens Postal Parcel & Airport Logistics, in a recent episode of Talking Logistics.

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

ThroughPut

What is Supply Chain Risk Management? Supply Chain Risk Management (SCRM) is defined as the process of taking those strategic steps which can help manufacturers identify, analyze, assess, and finally mitigate the risk in the end-to-end supply chain.

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Lillian Ablon, an information scientist at the RAND Corporation, told Koebler and Cox, “Supply chain risk management is difficult enough for conventional threats (disruptions in operations caused by natural disasters, financial failures, poor quality, etc.).

How to implement an efficient risk management system

SupplyOn

Efficient risk management is key to making supply chains and production capacities more resilient. To obtain the full picture, you need to consider suppliers, logistics as well as external events The current coronavirus pandemic poses enormous, unprecedented challenges for companies. Efficient risk management plays a central role in meeting these challenges. Yet: without data consolidation, there are no meaningful results for risk assessment.

Risk Management: Is 2018 the Year of Living Dangerously?

Enterra Insights

It has also always had issues: supply chain complexity; global competition; information collection challenges; and greater risk from global events including natural disasters, port closures and anti-global sentiment. ” Taken as a whole, the issues raised by Monahan and Gott are enough to keep any risk manager awake through the night. ”[2] Those risks are: 1. As we step into 2018, enterprises must realize the risks associated with their IoT ecosystem.”

Global Risk Management: Balancing Prevention and Response

CH Robinson Transportfolio

Global Risk Management: Balancing Prevention and Response. Finding the right balance between risk, prevention and response will keep your supply chain running smoothly and help it recover as quickly as possible when the unavoidable happens. When developing your risk management strategy, you should consider five key areas for maximum protection. An understanding of global issues and potential risks is critical to being prepared for the unexpected issues.

Supply Chain Risk Management: How SaaS-Based, Collaborative Platforms Provide Business Continuity

Turvo

Global supply chain risk management continues to evolve and embodies a consideration of possibilities and outcomes by supply chain executives totaling in the millions. Unfortunately, supply chain risks are inevitable as we’ve experienced with pandemics, weather-related disasters, corporate fallout, economic instability, and international trade regulations. That’s where the crossroads of a tech-driven approach to solving the challenges of supply chain risk management lie.

Visibility is the Key to Supply Chain Risk Management

Abivin

In term of risk management, visibility is essential to enable both the business and supply chain to become more agile, competitive, and robust. If there is a particular catchword that continuously describes supply chain management, it is visibility. This is where the Warehouse Management System (WMS) and Order Management System (OMS) work together to ensure accurate inventory control. To enable it, the supervisor/manager creates a geo-fencing zone.

Ground-Level Views of Risk Management

Supply Chain @ MIT

But a key feature of effective response efforts that emerged during a recent gathering of supply chain risk experts organized by MIT CTL is aligning the company’s reaction to the scale of the disruption. A logistics services provider has three levels of response. For more information on MIT CTL’s supply chain risk research contact Deputy Director Jim Rice at jrice@mit.edu. Supply chain disruptions hit on multiple levels.

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. 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. This increases risk. Historically, the risk management focus was to reduce insurance costs. What is Risk Management? Not All Risks can Be Prevented.

Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals

Talking Logistics

Back in December, when we were making supply chain and logistics predictions for 2020, none of us envisioned the situation the world finds itself in today due to the COVID-19 pandemic. When it’s all said and done, there will be many lessons learned, but the question right now is: How can supply chain and logistics. Read more Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals.

Collaborative Logistics is the Only Way Forward for the Industry

Cerasis

Collaborative logistics is the future (and the now) of successful, risk-managed logistics and supply chain management. The post Collaborative Logistics is the Only Way Forward for the Industry appeared first on Transportation Management Company | Cerasis. Logistics Collaborative Logistics

Keep Your Cargo Out of Danger: Best Practices for Transportation Risk Management

CH Robinson Transportfolio

With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. . Due to the global outbreak of the coronavirus, many global shippers are recognizing the value in a risk management plan to best prepare themselves for the current situation and others like it in the future. The risk of delays and lost cargo are real. What risk does your cargo face?

A Case Study of Risk Management in Colombia

Supply Chain @ MIT

The Center for Latin-American Logistics Innovation (CLI), based in Bogotá, Colombia, is developing a quantitative risk assessment methodology for deciding which risks represent the most serious threat to a company’s operations. The methodology is based on the use of discrete event simulations as a tool to represent both the logistic processes of a supply chain […].

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? Risk Management : Is outsourcing a risk management strategy?

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SCRC Meeting April 27-28 on Supply Chain Risk: Building a Risk Management Capability

Supply Chain View from the Field

The theme of the general meeting will focus on a topic of great interest to supply chain professionals at every level of the organization: “ Creating a Supply Chain Risk Management Capability.”. Planning and forecasting in an increasingly complex and volatile global environment presents many management challenges, as supply chains are exposed to an many sources of disruptions and resulting financial impacts. NC State Deloitte Professor of Enterprise Risk Management.

Forced Labor in Supply Chains: The Problem Persists

Talking Logistics

The post Forced Labor in Supply Chains: The Problem Persists appeared first on Talking Logistics with Adrian Gonzalez. Industry Trends Supply Chain Risk Management Apple China corporate social responsibility forced labor Ralph Lauren slave labor supply chain visibility Tommy Hilfiger U.S.

Reshaping Supply Chain and Logistics for Resilience

Resilinc

supply chain risk management SCRM Best Practices supply chain resilience supply chain risk Supply Chain Impact business continuity coronavirus update supply chain delays

Coronavirus and Manufacturing: Shipping and Logistics

Resilinc

supply chain risk management SCRM Best Practices supply chain resilience supply chain risk Supply Chain Impact business continuity coronavirus update supply chain delays

Oracle Live: Cloud SCM for Speed and Agility

Logistics Viewpoints

This requires a multidimensional value framework that places increased emphasis on supply alternatives, risk exposure, tariffs, and channel complexity. The post Oracle Live: Cloud SCM for Speed and Agility appeared first on Logistics Viewpoints.

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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. And the first step is asking “What are the risks?”

The Next Supply Chain Revolution

Logistics Viewpoints

I’ve been researching and writing about supply chain management for 20 years. I’ve seen a number of supply chain “revolutions” In the first revolution, the concept of supply chain, as opposed to logistics, was put forth. Supply Chain Planning Supply Chain Risk Management Supply Chain Visibility Future risk management supply chain

Supply Chain Mapping (Insights from Indago)

Talking Logistics

” The coronavirus outbreak has put supply chain risk. The post Supply Chain Mapping (Insights from Indago) appeared first on Talking Logistics with Adrian Gonzalez.