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

Equipping Your Supply Chain Risk Management Kit

Enterra Insights

You might find then find it surprising that a recent survey, conducted by Verdantix, found more than half of the company representatives who responded indicated “they still use a mix of spreadsheets and paper” as part of their supply chain risk management process.[1] ” It is fair to say that companies using pre-digital age risk management processes may not be taking risk management seriously enough.

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Reactive Supply Chain Risk Management is No Longer Viable

Material Handling and Logistics

New survey finds that only 27% of companies have structured, quantitative assessment of financial impact related to supply chains. To determine how well procurement teams today are balancing cost savings vs risk management to drive growth and to better understand how the role of procurement has changed in our modern business landscape, riskemthods conducted a survey.

Supply Chain Risk Management Forum 2016

Supply Chain Movement

Supply Chain Risk Management Forum. URL: www.bisgrp.com/portfolio/conferences/other/supply-chain-risk-management-forum. Optimizing Supply Chain Operations while Minimizing Vulnerability and Achieving Resilience through Supply Chain Visibility. Attendees will hear how companies are using their SCRM as a tool to improve organizational performance, avoid disruptions, minimise risk exposure and increase ROI.

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. 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 Procurement/Sourcing Supply Chain Visibility supply chain sourcing Risk AGCO

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. ” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. ” He also acknowledges that under-investment in supply chain risk management is understandable.

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.

Policy or Practice? Supply Chain Risk Management in Reality

All Things Supply Chain

Procurement and supply chain management are logical functions. Work through a process, and you can bring spend and transactions into a managed state.

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.

Digital procurement marketplace connects hospitals responding to coronavirus outbreak

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 impact The exchange

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.

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.

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.

Innovative Approaches to Supply Chain Risk

Kinaxis

You have a supply chain risk management strategy in place. A few hours later, your procurement head walks in the office. “We Many companies have accepted the need for Supply Chain Risk Management because they understand that just such a scenario could occur and if they are ready for it but their competitors are not, they have an opportunity to gain market share. You may look at your supply chain in a completely different way.

Maintaining Brand Equity in Extended Supply Chains

Logistics Viewpoints

Labor Procurement/Sourcing Retail Social Media Supply Chain Risk Management brand equity corporate responsibility extended supply chainsThere are as many ways to approach corporate social responsibility as there are companies. But a key driver is almost always focusing on the issues that could be most injurious to that company’s brand equity.

The 3PL Industry is Suffering from Gresham’s Law

Talking Logistics

Earlier this year in Procuring Logistics Services is Not the Same as Buying Paper Clips , I wrote about an issue that continues to negatively affect 3PL-customer relationships: Procurement organizations looking to shift more and more risk on third-party logistics providers — while, of course, also demanding lower costs. Procuring logistics services is not the same as buying paper clips, yet that’s how many procurement organizations approach it.”.

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Bitcoin and the Order to Cash Supply Chain

Logistics Viewpoints

Why should a supply chain executive care about Bitcoin, a platform for processing financial transactions? Increasingly, large firms have executives with titles like “Procure to Pay Process Owner” or “VP of Order to Cash Processes.” Global Trade Supply Chain Risk Management Similarly, the large ERP companies are increasingly thinking in terms of these kinds of holistic processes when they add functionality […].

Procurement & Supply Chain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!

ivalua

Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. Next month, on May 5 th and 6 th , I’m looking forward to what looks like an interesting and worthwhile virtual Procurement conference – Ivalua NOW 2020 Virtual Edition. .

Is Your Supply Base Employing Slaves?

Logistics Viewpoints

Multinational companies can have thousands of Tier 1 suppliers, and in the extended multi-tier supply chain it could be hundreds to thousands of upstream suppliers. Procurement/Sourcing Regulations Supply Chain Risk Management Sustainability global sourcing slave labor social responsibility

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.

More Complexity = More Disruptions?

SCM Research

Trends in management towards a concentration on core competencies and outsourcing of non-core activities have created complex networks, i.e., global supply chains. An interesting paper, Structural Drivers of Upstream Supply Chain Complexity and the Frequency of Supply Chain Disruptions , co-authored by Bode and Wagner, is currently forthcoming in the Journal of Operations Management. Journal of Operations Management DOI: 10.1016/j.jom.2014.12.004.

Efficient Financing Options Help Enhance Factory Standards in Emerging Markets

Logistics Viewpoints

The financial supply chain needs more attention than it usually gets. Traditionally, the focus of supply chain management is on the movement of finished goods and raw materials across the value chain. The post Efficient Financing Options Help Enhance Factory Standards in Emerging Markets appeared first on Logistics Viewpoints: A Blog for Logistics, Supply Chain, and 3PL Executives.

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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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Citations of Excellence Awards 2014

SCM Research

Like every year ( see my previous post ), Emerald rewards authors of exceptional papers covered in its extensive Emerald Management Reviews database with a Citation of Excellence Award (full list). The results of the study show “that Internet consumers’ trust and perceived risk have strong impacts on their purchasing decisions” The second paper by Locke, Qin & Brause (2007) asks: “ Does monitoring improve labor standards?

“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.,

El Niño May Have Your Supply Chain Partying Like It’s 1997

Kinaxis

With extreme weather—running the gamut from droughts to flooding rains—likely to occur across the globe this winter, we can expect to see the supply chain affected in several areas. El Niño may serve as the ultimate test of supply chain risk management and resiliency. Those companies that safeguard their supply chains by successfully planning for potentially catastrophic events will emerge with the least negative impact from El Niño.

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Modern Slavery in Today’s Supply Chains

Kinaxis

Through the supply chain. Modern slavery is one of the supply chain industry’s dirty little secrets, but thankfully, governments in the US and UK are attempting to wash it clean, working to put a stop to a problem that should never have been allowed to exist in the first place. It’s based on California’s Transparency in Supply Chains Act, which was passed in 2010. So how is this going to solve the supply chain slavery issue?

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. We laughed at the mess we are in, and drew options on napkins on how to unstick the supply chain. 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.

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?

This Week in Logistics News (June 20-24, 2016)

Talking Logistics

A beautiful woman passed away this morning, my wife’s aunt who we all loved, so I will be brief with my comments about this week’s supply chain and logistics news. HighJump Adds Supply Chain Analytics to Enterprise Software Suite. From a supply chain perspective, Brexit will have a ripple effect on procurement, trade agreements, customs, and other areas.

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.

Unlearning Supply Chain Management

Talking Logistics

The near-infinite processing power Cloud computing provides (along with other technological innovations) will cause everyone in the supply chain and logistics field to unlearn the way we’ve always done things, everything from the way we design software applications to how we design and manage supply chain processes. The “Great Unlearning Begins” I wrote back in December 2014; it was one of my supply chain and logistics predictions for 2015.

How to Plan for Common Disruptors in Ocean Freight

Talking Logistics

That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. Our proprietary Risk Calendar envisions times of the year when disruptions may occur, and why. At these times of the year, you should see less risk to your standard ocean shipping strategy. This enables them to mitigate the risks they face in making sure product is available on the shelf when consumers are ready to buy.

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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? I may be overly concerned about the receipt of my order, and I do have some safety stock levels with my current cologne, but since the company has not charged my card, it also make me think about economic risk. Risk causes can be extremely varied as mentioned.