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.”.

Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

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. That’s why companies are always looking for new ways to streamline and increase efficiencies while also mitigating the risk within their supply chain. Understanding Supplier Risk Management. Managing Risk at Every Step.

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

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. This powerful feature lets a supplier or manufacturer see what would happen if the ports all closed, or the delivery mechanisms could not embark. The post Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster? Supply chain risk management

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. Insurance is a form of risk mitigation. Yet, a surprising number of companies (while they have traditional insurance) do not have a supply chain risk management “insurance” aka a supply chain risk management process.

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. The post Supplier Risk Management Considerations for the Coronavirus Outbreak appeared first on Ivalua.

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.

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.

Supply Chain Risk Management: Dealing with Disruption

Enterra Insights

“A third (35 percent) of businesses in the manufacturing industry are extremely concerned about potential supply chain disruption according to … Continued. The post Supply Chain Risk Management: Dealing with Disruption appeared first on Enterra Solutions. Big Data Cognitive Computing Risk Management Supply Chain

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.

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 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 Highlighted by a Tiny Computer Chip

Enterra Insights

Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.” ” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Smith insists, “The business case for supply chain risk management investment needs to be made convincingly and robustly to justify investment.”

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.”

QAD Tomorrow: What’s Next for Manufacturers?

QAD

Thank you to those of you who joined us for QAD Tomorrow, our virtual thought stream, which was focused on the unforeseen disruption in manufacturing and the new transformation imperative. Are You an Adaptive Manufacturing Enterprise?

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.

CEO’s Take Heed: You Are Now Supply Chain Risk Managers

LevaData

I could write another blog post on risk management, but Angel Mendez, COO at HERE Technologies already nailed it. I encourage everyone within a global manufacturing company, starting with the CEO, to give it a read: CEO’s Take Heed: You Are Now Supply Chain Risk Managers. The process must be inextricably linked to a broader Enterprise Risk Management framework, which must be regularly rehearsed and stress tested.”.

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. From sources to manufacturers to clients, supply chain visibility aids brands to respond effectively to critical events and other complications. If there is a particular catchword that continuously describes supply chain management, it is visibility. To enable it, the supervisor/manager creates a geo-fencing zone.

Returning Food and Beverage Manufacturing to a New Normal

QAD

This article was co-written by Cathy Fisher , founder and president at Quistem , a global expert in quality management systems. COVID-19 has disrupted manufacturing operations worldwide. The automotive industry was shut down and many other manufacturing sectors have been severely impacted. The food and beverage industry is no exception as manufacturers have been impacted in a number of areas. Food & Beverage Manufacturing Restart and Continuity Plan.

Returning Food and Beverage Manufacturing to a New Normal

QAD

This article was co-written by Cathy Fisher , founder and president at Quistem , a global expert in quality management systems. COVID-19 has disrupted manufacturing operations worldwide. The automotive industry was shut down and many other manufacturing sectors have been severely impacted. The food and beverage industry is no exception as manufacturers have been impacted in a number of areas. Food & Beverage Manufacturing Restart and Continuity Plan.

These are the 2018 Manufacturing Trends That will Drive 2.1% Growth In American Manufacturing

Cerasis

Manufacturing is on the cusp of an explosion in growth and innovation in 2018. These facts set the stage for exponential manufacturing growth in 2018. Supply chain executives need to take a few moments to learn more about the top 2018 manufacturing trends that will make it possible. Check Out the Top 2018 Manufacturing Trends. Reshoring is expected to be a major driving force and one of the most important of the 2018 manufacturing trends. Manufacturing Trends

Manufacturing and Supply Chain Challenges During a Pandemic

QAD

A pandemic can so easily shape the future for manufacturers and suppliers. In light of the COVID-19 outbreak, big changes are already happening, such as an increase in manufacturing automation and a reduced need for assembly line workers. Manufacturers are under a significant amount of pressure, and many have stepped up to produce essential products like hand sanitizer , protective face shields , respirators and ventilators.

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. Featured Resilience center latin american logistics innovation Colombia home appliance manufacturing mitigating risk SCALE Network supply chain disruptions supply chain risk management

Alarming Lack of Alternate Manufacturing Sites Part 1 (All Industries)

Resilinc

supply chain risk management SCRM Best Practices supply chain risk crisis management action plan business continuity resiliencyDownload the full 2018 annual report here.

Risk, Resilience, and Rebalancing in Global Value Chains

SCM Research

The McKinsey Global Institute (MGI) has recently published a new report: Risk, Resilience, and Rebalancing in Global Value Chains. Practice Research Resilience Supply Chain Risk Management

Global 143

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

It’s Up To Manufacturers to Keep Their Suppliers Afloat

Resilinc

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

Why comprehensive data consolidation is the basis for efficient risk management

SupplyOn

The success formula for efficient risk management: Tear down the silos and consolidate your data first Nowadays, everyone is preaching that data is the new oil. And yet: without data consolidation there can be no reliable results for risk assessment. Risk minimization is risk anticipation But leaving this information unused is not an option. The post Why comprehensive data consolidation is the basis for efficient risk management appeared first on SupplyOn

Direct Material Woes: Seven Steps to Take to Improve Value

Supply Chain Shaman

The opportunity is in the management of direct procurement. Direct procurement ties directly to manufacturing conversion processes through a bill of material while indirect procurement is not an input to the manufacturing processes. Progressive companies are actively working supplier development programs , risk management plans and corporate social responsibility programs in unison. These risks in supply chain are growing unchecked. It is fall.

Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

I settled on a title on helping the supply chain planner to be more successful in completing work during this cycle of risk management, but the advice is designed to make organizations more successful with planning over the long-run. Supply chain management, as a cross-functional process, to align source, make and deliver processes, evolved in 1982. The first supply chain management academic programs began in the 1990s. As I flew to Dallas, I worked on this post.

Manufacturing Resiliency During COVID-19: Lessons to Succeed in the New Normal

Resilinc

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

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. Typically, companies face two kinds of risks: Everyday risks and exceptional risks. Everyday risks are relatively easy to identify and manage. It is a necessary part of supply chain risk management.

Risk Management in the Digital Age

SYSPRO Smarter ERP

Over the last few decades manufacturing has changed profoundly, in response to factors that include: the opening up of world markets, the economies of Cloud-based computing, and the global adoption of ERP and Industry 4.0 With the strategic introduction of connected, digital technologies, manufacturers open themselves up to enormous rewards – but they also expose their companies […]. The post Risk Management in the Digital Age appeared first on SYSPRO US.

Florence Et Al.

Supply Chain Shaman

Each state has a rich manufacturing economy. Plot Your Supply Chain Risk. There are also the non-obvious risks Inland rivers are swollen. As a manufacturer, stay close to market signals. While most think of risk management as a set of supply side impacts, the issues of sensing and translating demand are even greater as risk for most companies. Risk Management Issues. This morning the Washington Post rang.

AI + Data = Supply Chain Risk Management!

Supply Chain Game Changer

Cut to 2019, Deloitte published its newest CPO Survey where they found that 81% of chief procurement officers with fully implemented solutions in the space of Supply Chain Risk & Compliance Management aren’t satisfied with their solutions. For example, robots performing key process steps in manufacturing plants” ( arkieva.com 2017 ). AI + Data = Supply Chain Risk Management. The post AI + Data = Supply Chain Risk Management! Subscribe Here!