Next Generation Supply Chain Risk Management: A Case Study

Logistics Viewpoints

We are entering an era where it is becoming possible to detect supply chain risks much more quickly. AGCO is a global leader in the design, manufacture and distribution of a wide range of agricultural equipment. In a discussion with AGCO’s Jan Theissen, Director of Strategy and Methods, and Jake Stone, Manager of Supply Chain Risk and Contract Management, I learned about this public, Atlanta headquartered corporation’s […].

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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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. Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.” Smith insists, “The business case for supply chain risk management investment needs to be made convincingly and robustly to justify investment.”

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.

AI + Data = Supply Chain Risk Management!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. As we see from Deloitte’s CPO Survey in 2018, AI is only fully deployed in 2% of procurement organizations and is far from making any real impact at scale within the digital ecosystems procurement teams are so eagerly trying to build. To top it off, there’s only 27% percent of procurement leaders considering AI/Cognitive technology, and 55% who haven’t considered it at all. AI + Data = Supply Chain Risk Management.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

However, did you know there are enough lead time problems lurking in your current supply chain operations that go completely unnoticed? These are the “knowable unknowns” that can hurt your supply chain performance. Over the years, I have partnered with a number of customers across a variety of industries as part of their supply chain planning transformation journey. Poor supply chain assumptions are like the deep cuts and bad bruises on your supply chain.

Reputational Dependencies in the Supply Chain

SCM Research

A Munich court is currently hearing a case that involves several members of a supply chain: (1) Alfred Ritter, a manufacturer of chocolate (“Ritter Sport”), (2) Symrise, Ritter’s supplier of piperonal, an aromatic compound, (3) Stiftung Warentest, an influential consumer organization, whose verdicts frequently lead to an increase or decrease in sales in Germany, and (4) the end consumers.

“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.,

7 Use Cases for Hyperledger in Supply Chain

Supply Chain Shaman

I think defining the future of Supply Chain technology means that we, as supply chain leaders, need to take a hard left. Today’s supply chains use closed and proprietary technologies. There are dark holes in the supply chain which I believe will not be closed with the current approaches. After publishing a series of reports on visibility, I facilitated a dinner between two major manufacturers. Safe and Secure Supply Chains.

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.

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? Is it possible these things have impacted the sourcing, manufacturing, and delivery of my cologne? How much will it cost the manufacturer and distributor in the end? This was a cataclysmic year for global supply chains.

Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing. We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects. Too much risk!

A Look at Direct v. Indirect Supplier Management in Three Industries

ivalua

Doug Keeley, Product Marketing Manager, Ivalua. The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. Industry: Manufacturing.

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.

Bristlecone Flash – March 2020

Bristlecone

With AribaRDS, businesses can transform global sourcing, gain visibility, reduce cycle times and start achieving procurement savings with SAP Ariba Sourcing in as little as six weeks with minimal downtime – and at a price point that won’t break the bank. CANDY MANUFACTURER SELECTS BRISTLECONE FOR SUPPLY CHAIN PLANNING. A manufacturer of dozens of beloved candy brands is working with Bristlecone to digitize its global supply chain.

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.

Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. A reliable supply chain can decrease purchasing and production costs for manufacturers and sellers. Understanding Supplier Risk Management. Managing Risk at Every Step.

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.

Re-thinking supply chain risk: Protection at any cost?

Supply Chain View from the Field

I have been having a number of fascinating interviews with Chief Procurement Officers this past week on the subject of procurement analytics and supply management risk. Supply chain risk management brings up a whole host of issues – and as one executive pointed out, is rather a sophisticated concept. A really interesting supply chain scenario at a large oil and gas company involved the procurement of large haul trucks.

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?”

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]

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

Talking Logistics

The word “optimization” is ubiquitous in the supply chain and logistics industry. You have to optimize your [transportation, inventory, manufacturing, or other business process] to maximize your costs savings and benefits,” is what industry analysts, consultants, academics, and solution providers have been preaching for decades. In many ways, I believe many supply chain and logistics professionals are intimidated by optimization.

5 Key Factors in Choosing a Supplier CSR Monitoring Solution

EcoVadis

It is no secret that modern supply chains are increasingly exposed to risks that can result in increased operational costs, large losses, and long term damage to your corporate reputation. Predictable risks are still causing significant losses on a daily basis. Many organizations are losing millions, and in some Global 3000 cases, billions of dollars a year due to ineffective supply chain risk management and monitoring.

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?

New Year's Resolution: Improving Your Supply Chain Operations

AFFLINK

As the new year approaches, consider an audit of your existing supply chain management. Supply chain management is about more than improving your costs and efficiency—supply chain management has steadily become more complex as businesses increase their global reach and markets are shifting. Improve Your Supply Chain Risk Management. Audit Your Supply Chain Security.

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.

S&OP 60

Supply Chain Management:Utility of iPads on Shop Floor

Infosys Supply Chain Management

Industrial Manufacturing. 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.

Green Supply Chain Management - Infosys Blogs

Infosys Supply Chain Management

Industrial Manufacturing. 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

Industrial Manufacturing. 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.

Crossroads Targets Supply Chain Cyber Crime

Supply Chain @ MIT

As the theft of consumer data from retailer Target underlines, supply chains are increasingly vulnerable to cyber crime. Target’s misfortune also serves as a timely reminder of the vulnerability of supply chains to cyber crime. These risks will be explored at MIT CTL’s Crossroads conference , which takes place on March 25, 2014, on the MIT campus, Cambridge, MA. An issue that attracts relatively little attention is the infiltration of manufacturing processes.

Information Driven Innovation in Supply Chain - Infosys Blogs

Infosys Supply Chain Management

Industrial Manufacturing. 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:How to make Preventive Maintenance a.

Infosys Supply Chain Management

Industrial Manufacturing. 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.

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.

[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.

Trends 191

The Limitations and Evolving Role of On-site Supplier Audits: 4 Reasons They Are Starting to Miss the Target

EcoVadis

Over the last 20 years the outsourcing of manufacturing and service operations to countries with inadequate laws, weak enforcement and feeble or non-existent worker protections has created significant need for a system for monitoring and verifying management controls of these suppliers and subcontractors to not only prevent negative social and environmental impacts, but ultimately improve their performance.