This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Spend Matters recently released their Spring 2025 SolutionMap for RiskManagement , and we’re pleased to share that Resilinc has maintained a strong position ahead of competitors in the SupplyChainRiskManagement module. customer satisfaction score.
That’s when it all gets extremely complicated, but one thing remains crystal clear: supplychainriskmanagement is profoundly important for businesses to grow and expand. Without a doubt, managingsupplychain is nothing but easy. Its scope is extensive and spans all areas of the supplychain.
Reason #4 Making key decisions by modelling the supplychain in Excel. Reason #5 Not having a supplychainriskmanagement process. Reason #6 Not effectively managing inventory. Reason #7 Making decisions based on bad data (supplychain data accuracy). Sound ridiculous?
Supplychainriskmanagers have a dilemma. Journalist Thor Benson reports that tuning out bad news might be good for their mental health; however, riskmanagers know tuning out bad news wouldn’t be good for business. 6] Lora Cecere, “ SupplyChain Normalcy? Think Again.
Sure, supplychain 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 SupplyChain Performance Beyond Cost Reduction. Read more. . Read More. . Read More. .
Over the past two years, I’ve written extensively about the growing importance of supplychainriskmanagement and supplychain mapping. See for example: Rethinking SupplyChainRiskManagement. Doing Nothing on SupplyChainRiskManagement.
Piloting them in high-risk or high-margin areas is often the best way to prove their value. Metrics must reflect the new priorities. These tools dont need to cover the entire network to be useful. Cultural alignment is just as important. Resilience needs to be part of how success is measuredalongside efficiency, not in place of it.
Unfortunately, most supplychain executives and their teams focus predominantly on just two factors, the tradeoffs between cost and service, with risk rarely entering the conversation — until a disruption occurs and then everyone goes into panic mode. And the first step is asking “What are the risks?”
The Rule of 40 was popularized by venture capitalists in recent years as a key performance metric for SaaS firms. The metric captures the trade-off between short-term viability and the investment in growth. on this metric. For Coupa, a key success measure they share with investors is the growth in spend under management.
Spend Matters recently released their Spring 2025 SolutionMap for RiskManagement , and we’re pleased to share that Resilinc has maintained a strong position ahead of competitors in the SupplyChainRiskManagement module. customer satisfaction score.
A common challenge for procurement and supplychain professionals is obtaining support from C-level leaders to invest in a robust supplychainriskmanagement (SCRM) program. But to make their strongest case, SCRM advocates need to focus on one key metric: return on investment. Contact us today.
Reason #4 Making key decisions by modelling the supplychain in Excel. Reason #5 Not having a supplychainriskmanagement process. Reason #6 Not effectively managing inventory. Reason #7 Making decisions based on bad data (supplychain data accuracy).
SupplyChain Disruptions: A Survival Guide. Do you feel supplychainriskmanagement is too complicated to implement? This article will show you how one of the worlds leading companies put a theory into practice and survive many supplychain disruptions. Case Studies. Gather around! Discussion.
According to a July 2014 supplychain research study from Accenture focused on Big Data and supplychainriskmanagement, most organizations have high hopes for using big data analytics in their supplychain but many have had challenges in deploying it.
Reason #3 Not having end-to-end supplychain visibility. Reason #4 Making key decisions by modelling the supplychain in Excel. Reason #5 Not having a supplychainriskmanagement process. Reason #6 Not effectively managing inventory. I’ll tell them what they are getting.”This
Here are mine: To remember that supplychains should be built backward from the customer. One way to do this is to use a Perfect Order metric as a key way of measuring the supplychain organization. Learning & Leadership SupplyChainRiskManagement'
Our new article, titled Accounting for External Turbulence of Logistics Organizations via Performance Measurement Systems (SupplyChainManagement: An International Journal, Vol. 6), is out now. The article was co-authored by Andreas Bühler, Carl Marcus Wallenburg and me. Wallenburg, C.M., & Wieland, A.
The Nexus model can also provide the kind of data that digital twins that are based on a static planning model struggle to provide true lead times (and other supplychain throughput/cycle time metrics). But, if a company wants to work with a new supplier, and that supplier is in the network, metrics on that carrier also exist.
A critical part of any supplychain is an effective and efficient supplychainriskmanagement (SCRM) program. Stone , Vice President of SupplyChainRiskManagement at Exiger Government Solutions.
Our preliminary findings suggest that supplychain resilience has been increasing in importance over time, but still remains secondary to the end goal embedded in the perfect order metric – the right product, to the right place, at the right time. However, supplychain resilience is more than just a concept to practitioners.
Avetta, a provider of supplychainriskmanagement, launched Avetta Financial Risk, a tool for evaluating and monitoring the financial health of your supplychain, providing detailed financial metrics and ratings for accurate supplier evaluation.
Our team put together some ideas around supplychainriskmanagement. We addressed supplychainrisk in two ways; the leading indicators that show when you are at risk, and a simulation to see how well your supplychain can respond to a major event.
Leading procurement and supplychain tech providers go head-to-head in data-driven fall 2024 vendor ranking WASHINGTON, DC. Exiger was designated the most sophisticated and most holistic solution and named a “Value Leader,” earning the highest functional score in riskmanagement.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. This data was compiled from Resilincs EventWatchAI , a risk monitoring database provided to customers.
Subscribe to SupplyChain Game Changer. SupplyChainRiskManagement is a Cirque Du Soleil Calibre Act! In today’s world, supplychains are more important than ever. In fact, 89% of businesses encountered a supplier risk event in the last five years. Subscribe Here! Email Address.
Agility is more about reacting in the next day or two, or even the next hour or two, to potential supplychain disruptions. They built them between 2012 and 2014, and then enhanced them when better supplychainriskmanagement solutions became available. The company has built Control Towers for this purpose.
The value network of suppliers and logistics providers is largely managed by spreadsheets and email with no system of record for interactions. What is RiskManagement? About the Author: Lora Cecere is the Founder of SupplyChain Insights. To ensure clarity, let’s start with a definition.
With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. Effective supplier management will be agile enough to identify disruption and the impact it will have on suppliers and take action.
Unfortunately, most supplychain executives and their teams focus predominantly on just two factors, the tradeoffs between cost and service, with risk rarely entering the conversation — until a disruption occurs and then everyone goes into panic mode. And the first step is asking “What are the risks?”
This section will cover JIT and outsourcing by Apple Inc, SupplyChainRiskManagement by Cisco System, Technology Roadmap by Intel, SupplyChain Network Model by HP, Mass Customization by Dell and Quality Management by Sam Sung. Then, a poor planning will result in a massive loss.
95% of supplychain executives report having a formal supply-chainrisk-management process following Covid-19. How the War in Ukraine is Impacting the SupplyChain and Raw Material Prices. Over the past year, 59% of companies have implemented new supplychainriskmanagement practices.
Linear supplychains as we know them are turning into supply networks with more players and parties than ever before. To understand the geopolitical risks, all you need to do is to turn on network news. Given all this, one would think that supplychainriskmanagement is more prominent now.
IoT: Powering the Future of Digital Product Passports The Internet of Things (IoT) continues to impact how industries track products and manage data. This network of devices enables seamless, automatic data collection from physical objects in near real-time.
The AI-driven BOM also helps businesses monitor the environmental footprint of products , ensuring that even in cases where suppliers are unable to provide complete data, companies can still report accurate lifecycle and sustainability metrics. This not only ensures compliance but also strengthens supplychain resilience and performance.
Prioritized action lists based on impact to your customers or whatever key metrics drive your business can ensure that planners are working on what matters. The post Know sooner, act faster and accelerate your supplychain performance! appeared first on The 21st Century SupplyChain. Act Faster.
Those with a proactive approach have proven themselves to be ahead of the curve and able to prove results not just in savings, but across other key business metrics. Conventional thinking about supplychains and supplier risk is outdated. Conventional Thinking is Outdated.
So it comes as no surprise a joint report published by the Cranfield School of Management and Dun & Bradstreet concludes, “There are significant differences across sectors, requiring varying riskmanagement practices across industries.”[1] This year’s top ten risks were identified as: 1.
You may be part of an organization whose leaders understand that supplychainriskmanagement (SCRM) is a strategic imperative, and your SCRM may already be mature and delivering a return on investment. 4) The supplychain organization’s operational review includes evaluation by the corporate risk team.
Issues with Many SCRM Programs Supplychainmanagement and supplychainriskmanagement (SCRM) have become a greater priority for businesses and government organizations in the last five years, according to Gartner.
Cahn also highlighted on-time delivery risk: “Will a supplier be around to support my delivery schedules and can I trust them not to shut down my plant [due to a late or missed delivery],” he added. “Do Do we have the right Service Level Agreement metrics in place? Is the mode of transport the most efficient to impact on-time delivery?
There are four steps businesses can apply to understand and improve the resiliency of their supplychain network: Assess: Use all modeling and analytics to identify areas of risk. You can use network design models, company KPIs and other metrics to get a holistic look at your supplychain.
Building upon the IT discussion in the first session, Adrian Gonzalez dives deeper into some key metrics and assessment questions companies should consider when assessing the IT capabilities of their 3PL partners. Transportation Management. Warehouse Management. Global Trade Management. SupplyChain Planning.
While some of the increase was due to growth in our customer base and the number of suppliers monitored (more factories = more potential for factory fires) the trend line was rising at a much faster clip than business metrics would account for. Supplier risk assessment. Risk monitoring.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content