QAD

JANUARY 18, 2024

In the dynamic realm of the automotive industry, the importance of risk management has reached new heights, compelling us to revisit and enhance our insights. Tier 1 suppliers, in particular, navigate heightened risks due to a lack of transparency and control over lower tier suppliers. Why Read Our Risk Management White Paper?

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Enterra Insights

AUGUST 29, 2023

Dealing with the Risks Following the Second World War, as Winston Churchill worked tirelessly to form the United Nations, he famously said, “Never let a good crisis go to waste.” ” Of course, avoiding a crisis is a better and more cost-effective strategy. Calmer heads have since prevailed and the U.S.

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The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Ocean Risk Management part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. In this article, we explore the pros and cons of the alliance model in the shipping industry, compare the solo strategy versus alliance strategy, and provide tips on how shippers can prepare for market swings.

Risk Management 130

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Logistics Viewpoints

SEPTEMBER 16, 2021

These are the top challenges that are driving increased interest in and demand for consulting and managed services. Market Volatility Continues to Undermine Supply Chain Risk Management. Traditional Inventory Replenishment Strategies No Longer Work. Increased Throughput Generates a Need to Manage by Exception.

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ivalua

SEPTEMBER 19, 2022

The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. More robust contingency plans that complement current strategies might suffice. . Shifting Category Strategies. The same applies to supply chains.

Supply Chain Risk Management 130

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Supply Chain Game Changer

NOVEMBER 2, 2022

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! In fact, 89% of businesses encountered a supplier risk event in the last five years. But not all companies are prepared for this level of risk and complexity. That’s where supply chain risk management software comes in. Subscribe Here!

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Resilinc

JUNE 11, 2023

Do you ever get confused when people use the terms supply chain risk management (SCRM) and supply chain resilience? When you break down these two concepts into their various components, both involve mitigating risks in your supply chain—such as extreme weather , ESG risks , and geopolitical risks.

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ToolsGroup

AUGUST 27, 2021

It is, in order words, a failure in supply chain risk management. What is supply chain risk management? Most companies split this concept of risk management into two camps – “macro” agility and “micro” agility. Macro agility , as the name suggests, focuses on the big events that impact a supply chain.

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Talking Logistics

DECEMBER 18, 2023

Read more The post 3 Strategies for Shippers to Combat Rising Freight Fraud appeared first on Talking Logistics with Adrian Gonzalez. In logistics, those vulnerabilities are particularly glaring given how quickly the industry had to transition to online processes. Fraudsters have adapted their tactics to take.

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HICX Solutions

NOVEMBER 16, 2023

Learn all you need to know about supplier risk management with our comprehensive guide that’ll help ensure your organization identifies & manages risks. Benefits of SRM: Boost your organization by identifying and averting supplier risks for a resilient supply chain.

Risk Management 52

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ivalua

JUNE 10, 2020

From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. With that in mind, let’s take a look at how supplier risk management can benefit your business and prevent the disruption of services. Understanding Supplier Risk Management. Consider this.

Risk Management 147

Risk Management Optimal Sourcing Manufacturing Procurement Waste Reduction 147

Supply Chain Brain

FEBRUARY 10, 2023

And as waves of disruption continue to crash down on supply chains, supply chain risk management has never been more important. Disruption has become a constant.

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Supply Chain Risk Management Risk Management Gartner Supply Chain Strategy 52

ivalua

NOVEMBER 26, 2020

Supply Chain Strategies: What the Pandemic Has Taught Us So Far? Supply Chain Risk Management on the World Stage – Lessons Learned. As we began to study supply chains, it became obvious why the supply chain strategies have evolved in this fashion.

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ProcurePort

NOVEMBER 10, 2023

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. appeared first on ProcurePort Blog.

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Supply Chain Brain

OCTOBER 19, 2022

Where OEMs in the past could concentrate on securing supply of expensive components, now they have to think about everything that goes into production, including raw materials, too.

Expense Reduction 116

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Talking Logistics

JUNE 30, 2014

As I discussed last Friday, Accenture published a report recently on supply chain risk management. The chart below from the Accenture report highlights the different approaches companies are taking to supply chain risk management. The post Your 3PL as Supply Chain Risk Management Partner?

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Enterra Insights

JUNE 9, 2020

For years I’ve been writing about the importance of supply chain risk management and how it’s often given short shrift in business discussions. Patrick Van Hull ( @PatrickVanHull1 ), a thought leader in the Kinaxis Strategy Office, points out, “In July 2005, epidemiologist Dr. Michael T. Risk management.

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Resilinc

SEPTEMBER 24, 2023

However, as we learn more about how disruptions impact supply chains, it is time for companies and supply chain managers to reconsider the traditional view of black swan events. What are Black Swan Events in Risk Management? This leads to a defeatist and illogical conclusion that supply chain risk management is futile.

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SCMDOJO

APRIL 22, 2024

Supply Chain Risk Management, or (SCRM for short), is an already expanding industry, and with artificial intelligence becoming more intelligent by the day, it’s going to be an integral part of any supply chain analysis. Conclusion The complexities of global supply chains demand proactive strategies to navigate disruptions effectively.

Inventory Reduction 77

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 77

Exiger Perspectives

APRIL 3, 2023

Why a Supply Chain Risk Management Framework is Needed A supply chain risk management framework is critical for risk identification and effective management of the inherent and imposed risks in today’s business environment.

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LevaData

DECEMBER 16, 2021

Supply risk management has never been as important to sourcing and procurement executives as it is today. Of course, managing disruptions has always played a prevalent role in assuring an agile, successful pipeline. The post Prediction Over Reaction: The Key to Supply Risk Management appeared first on LevaData.

Risk Management 77

Risk Management Predictive Analytics Software Supply Chain Planning Software Material Savings 77

Talking Logistics

JULY 13, 2017

I like to say that supply chain management is synonymous with risk management, and the risks are growing every day, everything from natural disasters to cyberattacks. Unfortunately, many companies are falling short in managing these risks effectively. In what ways are they falling short? “I

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Kinaxis

OCTOBER 1, 2014

by John Westerveld Reason #5: Not having a supply chain risk management process. 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. Supply chain risk management is like insurance.

Supply Chain Risk Management 255

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Design Software 255

Elementum

MAY 10, 2017

Risk management is important in a company. A company cannot possibly define its goals for the future without first analyzing and identifying possible risks, challenges, or disasters it may encounter. Effective risk management strategies empower companies to reduce supply chain risks and maximize profit at the same time.

Risk Management 109

Risk Management Supply Chain Risk Management Supply Chain Planning Software Supply Chain Software 109

Supply Chain Brain

JANUARY 1, 2021

The coronavirus pandemic has had a huge impact on global risk-management strategies. Many companies learned in 2020 that their supply chains weren’t prepared for a disruption of such massive scale. Now, they’re determined not to get caught short again.

Risk Management 68

Risk Management Supply Chain Risk Management Supply Chain Strategy Supply Chain 68

Enterra Insights

OCTOBER 10, 2018

.” 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.”

Supply Chain Risk Management 100

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Supply Chain Brain

NOVEMBER 17, 2020

Bill DeMartino, managing director for the Americas with Riskmethods, discusses how the coronavirus pandemic is impacting risk-management strategies, and whether companies were ready for the disruption that it has caused.

Risk Management 63

Risk Management Supply Chain Risk Management Supply Chain Strategy America 63

Resilinc

FEBRUARY 22, 2021

A common challenge for procurement and supply chain professionals is obtaining support from C-level leaders to invest in a robust supply chain risk management (SCRM) program. And that means building the business case for category managers, functional units and especially C-level leaders. Difficulty in valuing risk management.

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Supply Chain Game Changer

FEBRUARY 5, 2020

Procurement teams are combating complexity in multiple dimensions, one of which is a digital complexity; figuring out how in the world they’re going to leverage data , digital platforms, and emerging technologies to become more intelligent — more data-driven — in their strategies and operations. AI + Data = Supply Chain Risk Management.

Supply Chain Risk Management 73

Supply Chain Risk Management Risk Management Supply Chain Software Gartner 73

Logistics Viewpoints

OCTOBER 3, 2022

Thirdly, all the COVID supply disruptions brought home the need for better supply chain risk management. Risk management had been a hard sale. Companies typically embrace improved supply chain risk management after a disaster – after the horse had already fled the burning barn. They are not.

Agile and Lean Supply Chain 287

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Enterra Insights

APRIL 4, 2018

” 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. … CaaS will slowly but steadily put everyone — enterprises, SMBs, individual businessmen, and personal Internet users — at an equal level of risk exposure.”

Risk Management 100

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The Network Effect

JANUARY 13, 2017

The post Best Practices in Supply Chain Risk Management (SCRM) appeared first on The Network Effect. by Matt Kunkel, co-founder LogicGate It’s not something we like to think about, but supply chain disruption and disasters are.

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Supply Chain Risk Management Risk Management Supply Chain Strategy Supply Chain 100

Bristlecone

FEBRUARY 26, 2020

What can poor supplier management lead to – and how do you prevent it? This white paper answers these questions and outlines strategies for supplier management and risk mitigation. The post WHITE PAPER: Supplier Risk Management appeared first on Bristlecone. What are the supplier data must-haves?

Risk Management 52

Risk Management Supplier Management Supply Chain Strategy Supply Chain Disruption 52

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. Change of Leadership and Overall Business Strategy.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

The Logistics of Logistics

MARCH 27, 2024

Ilya worked at Cummins, where he helped develop global supply chain strategies for their raw material commodities, including sheet metal fabrication, raw metal, trailers and containers.

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GlobalTranz

FEBRUARY 23, 2016

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. Role of Supply Chain Risk Management. An earthquake could occur.

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Enterra Insights

JUNE 10, 2020

. … Based on data collected in the period of September-October 2019 from over 600 business leaders, at the start of the year, the likelihood of a pandemic was low risk. The risk management concern of business leaders in January 2020 was climate action failure. What is supply chain strategy? Let’s face it.

Sourcing Strategies 130

Sourcing Strategies Price Reduction Resource Reduction Cost Reduction Strategies 130