Building the Business Case for Supply Chain Risk Management

Cerasis

Naturally, to take advantage of this opportunity, you will need a well-functioning supply chain, which you happen to have. But there are some risks. Do you think that your supply chain management is good enough for this market? That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. Supply Chain

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. Do You Have a “Top 25″ Supply Chain? Why Supply Chain Mapping Matters. Many Companies Falling Short on Supply Chain Risk Management.

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R Score and its Impact on Supply Chain Risk Management

Resilinc

Musings on a Metric: Supply Chain Risk Management with R Score. supply chain risk management r-score

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.

My Supply Chain Resolutions

Logistics Viewpoints

What resolutions should you make in the New Year to improve your supply chain? Here are mine: To remember that supply chains 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 supply chain organization. Learning & Leadership Supply Chain Risk Management

CSR Is A Core Component of Supply Chain Risk Management In Procurement

EcoVadis

Now more than ever, risk management is a vital part of the procurement function, and hence the CPO’s responsibilities. One main reason is because supply chains are growing longer and are getting more complex. Thus, the likelihood of supply chain disruptions has increased. What are the potential costs of failure for your company when it comes to supply chain risks? Look Across The Supply Chain.

How Do You Define Your Supply Chain Challenges?

Kinaxis

by Andrew Dunbar Google “Top 10 supply chain challenges” and you’ll find 44 million different opinions on the biggest issues our industry faces today. Many are filled with our favourite industry buzzwords: Visibility , Risk Management , Cost Pressure, The Internet of Things, Security Threats… and the list goes on. These are all interesting and catchy concepts but they don’t necessarily address the fundamental challenges faced by your supply chain organization.

Supply Chain Management Best Practices: Resilience

PLS Logistics

Supply chains are diverse and complex – so are the potential risks that could disrupt them. A good supply chain management strategy invests in resilience. Resilience refers to the time it takes supply chains to predict and avoid risk, as well as respond and recover from costly disruptions. 75% of companies experience at least one major supply chain disruption a year. Supply Chain Risk Management

Performance Measurement Systems in the Era of Turbulence

SCM Research

Our new article, titled Accounting for External Turbulence of Logistics Organizations via Performance Measurement Systems (Supply Chain Management: An International Journal, Vol. It deals with the interface of supply chain risk management – a “hot topic” in SCM research – and performance measurement systems (PMS). Supply Chain Management: An International Journal, 21 (6), 694-708 DOI: 10.1108/SCM-02-2016-0040.

System 110

Automotive Supplier Risk Management Actions for Thriving During Recession

Industry Star

Act now to track the right metrics across your tiered supply base to enable proactive supplier risk management to thrive during times of economic volatility. The post Automotive Supplier Risk Management Actions for Thriving During Recession appeared first on IndustryStar Solutions. Supply Chain Risk Management Automotive Coronavirus COVID-19 Recession Risk Management Supplier Assessments Supplier Performance Supplier Risk

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. Reason #8 Keeping supply chain information in silos.

What if… you really could “what-if” in your supply chain?

Kinaxis

especially when you say “what-if” with your supply chain. The list goes on… we’ve only barely scratched the surface of the types of what-if analysis that supply chain professionals try to do every day. The challenge supply chain planners and analysts face every day is that the tools they are provided really don’t support what-if analysis. So, what is needed to support the supply chain professional when they ask the question, what-if?

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.

Know sooner, act faster and accelerate your supply chain performance!

Kinaxis

by John Westerveld When things happen in supply chain, knowing sooner and acting faster can mean the difference between a major catastrophe and a minor hiccup in your supply chain performance. Imagine this scenario; you are a supply chain executive for a major U.S.-based Can you imagine your supply chain planning team being able to pull this off? Supply chain performance like this is not out of your grasp.

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?

Confessions of a 50-Year-Old Hacker

Kinaxis

As I sat and watched the presentations, I was blown away by the depth of supply chain knowledge and the amount of creativity on display. Our team put together some ideas around supply chain risk management. We addressed supply chain risk in two ways; the leading indicators that show when you are at risk, and a simulation to see how well your supply chain can respond to a major event.

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.

Using Modeling and Analytics to Design a Resilient Supply Chain

Talking Logistics

Supply chain optimization is a widespread term, but did you know that an optimized supply chain is not necessarily a resilient one? Seventy-four percent of businesses experienced at least one supply chain disruption in last 12 months, and 38 percent reported a loss in revenue¹. Supply chain resiliency focuses on designing your business and supply chain to quickly bounce back from disruptions.

Supply Chain Disruptions: A Survival Guide - SupplyChainOpz

Supply Chain Opz

Supply Chain Disruptions: A Survival Guide. Do you feel supply chain risk management 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 supply chain disruptions. Its OK if you feel overwhelmed by supply chain risk theories because youre not alone. There are so many sophisticated methods to analyze supply chain risks.

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.

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. However, many ports are not allowing these ships to dock due to the risk of creditors seizing the ships. Such risks are on the rise. Linear supply chains as we know them are turning into supply networks with more players and parties than ever before. Of course, this will be no guarantee that you will eliminate risk.

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?”

Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory.

How to Use Big Data to Improve Supply Chain Visibility

Talking Logistics

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. To gain visibility into your supply chain, there are a few preliminary steps you must consider. There is more to supply chain visibility than a complex set of KPIs.

Talking Logistics YOUniversity: Our First Course

Talking Logistics

Talking Logistics was launched as a live, online video talk show focused on supply chain and logistics topics. A year after launching, however, a supply chain executive said to me, “ Talking Logistics is like an online Executive MBA course, with live lectures and guest speakers every week discussing timely and important topics.” Transportation Management. Warehouse Management. Global Trade Management. Supply Chain Planning.

Course 172

Your supply chain is costing you money – Reason #8: Keeping supply chain information in silos (and preventing your users from making the best decisions)

Kinaxis

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. by John Westerveld.

What Supply Chain Risks are Threatening Your Company?

Enterra Insights

Common sense alone tells you automobile manufacturers face different risks than cosmetics manufacturers. 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 risk management practices across industries.”[1] If you are an upstream supplier or a downstream retailer, different metrics must also be considered.

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.

Post-Pandemic Impermanence and 6 Actions to Take Now!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! For supply chain professionals, supply chains and our underlying assumptions will certainly need to adapt. The Supply Chain Agenda.

China 83

Good Safety is Good Business at the LogiChem 2015 Conference

CH Robinson Transportfolio

I always come back from these conferences inspired and fascinated at how diligent chemical supply chain managers must be to mitigate risk and adverse events. At LogiChem, attendees interacted through roundtables and panel discussions on topics that identified best practices around inventory and supply chain metrics, third party logistics provider (3PL) management, rail logistics strategy to combat the driver shortage dilemma, and a host of other topics.

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

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.

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. Evaluate structural changes in your supply base that could reduce risk exposure.

Take Control of Visibility into Your Supply Chain

Material Handling & Logistics

Supply chain visibility starts with the right control tower architecture. After all, how can you run a supply chain without it? Changes in demand, late shipments, quality issues, point of sale, weather patterns, production schedules and projected inventory positions are just some of the myriad of things you want to be able to see so you can make better and more informed decisions as a supply chain executive.

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.