Supply Chain Risk Management: How Supply Chain Technology Aids in Risk Management

Cerasis

All businesses face risks, and your business is only as strong as the weakest link. However, today’s supply chain technology can help manage vendor relationships, improve payment protocols, overcome geographic challenges,read More. The post Supply Chain Risk Management: How Supply Chain Technology Aids in Risk Management appeared first on Transportation Management Company | Cerasis. Supply Chain Technology supply chain risk management

LTL Shipping Through Proactive Supply Chain Risk Management Software

Cerasis

The topic of supply chain risk management has taken on a new persona as the global supply chain endures the COVID-19 crisis. The post LTL Shipping Through Proactive Supply Chain Risk Management Software appeared first on Transportation Management Company | Cerasis. Risk Management Supply Chain Supply Chain Risk Management software

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Transportation Risk Management: Keep Your Cargo Out of Danger

Logistics Viewpoints

With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. Due to the global outbreak of the coronavirus, many global shippers are recognizing the value in a risk management plan to best prepare themselves for the current situation and others like it in the future. The risk of […]. Guest Commentary Transportation risk management

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.”.

Building the Business Case for Supply Chain Risk Management

Cerasis

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. Without a doubt, managing supply chain is nothing but easy. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.

Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

Cerasis

This post is the second in a series of “How to Spot Supplier Risk.” ” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. Enhancing Supplier Risk Management Through On-Site Evaluations. The second article in our series on identifying supplier risk explores what to look for during on-site evaluations.

Coronavirus Increases Supply Chain Risk Management Priority

Enterra Insights

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. Multi-dimensional risk planning. Today, ears are no longer deaf to the topic of supply chain risk management. ” Moritz warns, “Supply chain leaders should prepare for additional disruptions in supply and transportation.” Risk management.

Case Building for Supply Chain Risk Management!

Supply Chain Game Changer

When examining the risks of entering a new market, there are things to look out for that hint towards difficulty. These are a few examples of risks that you may come across. Keeping risks in mind, if you still feel that your business has enough girth to pull through to profit, then consider other things. Why are you confident that your supply chain management is good enough? Always pay attention to unknown risks. Case Building for Risk Management.

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.

3 Supply Chain Risk Management Lessons to Use During Coronavirus Crisis

All Things Supply Chain

Supply chains around the world are struggling as they face major shifts to production, the movement of goods, modes of transport, and the people who keep everything running. The coronavirus… General Supply Chain Management coronavirus risk management supply chain lessons supply chain risk

Watch: Supply-Chain Risk Management in the New (Ab)normal

Supply Chain Brain

Yossi Sheffi, Elisha Gray II Professor of Engineering Systems & Director of the MIT Center for Transportation and Logistics, discusses his new book, The New (Ab)Normal: Reshaping Business and Supply Chain Strategy Beyond Covid-19

Supply Chain Risk Management and Rocket Science

Logility

I became very familiar with risk management early in my professional career. As in the aerospace industry, pushing the supply chain envelope involves increased risks that need to be analyzed and mitigated, if possible, or at least planned for. Each stretching of the envelope generates unique risks. Expansion strategies often inadvertently drive up the complexity and cost of international transportation, which in turn injects a multitude of risks.

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 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

” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Lillian Ablon, an information scientist at the RAND Corporation, told Koebler and Cox, “Supply chain risk management is difficult enough for conventional threats (disruptions in operations caused by natural disasters, financial failures, poor quality, etc.).

Omnichannel Risk Management: Omnichannel Integration Continues to Prove Valuable Thru Crises

Cerasis

The post Omnichannel Risk Management: Omnichannel Integration Continues to Prove Valuable Thru Crises appeared first on Transportation Management Company | Cerasis. Omnichannel Risk Management omnichannel risk managementOrganizations, particularly resellers, spent years building the best omnichannel capabilities on the planet. As trucking jobs rise to become the saviors of higher demand during disruption, the economy still suffers.

How to implement an efficient risk management system

SupplyOn

Efficient risk management is key to making supply chains and production capacities more resilient. Efficient risk management plays a central role in meeting these challenges. Just as important is a look into the near future: Where do potential risks lie if production picks up again? How can you manage supplier capacities or help suppliers with planning when you yourself only have uncertain sales forecasts? Which specific transport is impacted?

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.

Keep Your Cargo Out of Danger: Best Practices for Transportation Risk Management

CH Robinson Transportfolio

With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. . Due to the global outbreak of the coronavirus, many global shippers are recognizing the value in a risk management plan to best prepare themselves for the current situation and others like it in the future. The risk of delays and lost cargo are real. What risk does your cargo face?

Freight Transportation & the Coronavirus: Forecasting the Near-Term Effects with MIT Professor Yossi Sheffi [Podcast]

CHAINalytics

The post Freight Transportation & the Coronavirus: Forecasting the Near-Term Effects with MIT Professor Yossi Sheffi [Podcast] appeared first on Chainalytics. Blog Feature Freight Market Intelligence Consortium Supply Chain Intelligence Transportation Coronavirus COVID-19 Crisis Management FMIC FMIC Pulse freight transportation risk management Risk Mitigation Transportation Intelligence

Supply Chain Risk Management – far more than just getting out of the current crisis

SupplyOn

A holistic supply chain risk management helps to better brace yourself for all the eventualities of the future The current coronavirus crisis clearly shows how vulnerable and susceptible to disruption supply chains are today. In this context, supply chain risk management plays a major role. Essentially, it is a matter of finding answers to the following questions: What risks is my supply chain exposed to? The next crisis is just around the corner.

International Transportation: Where Many Companies Fall Short

Talking Logistics

When it comes to managing global supply chains, international transportation is where the rubber meets the road. But as many companies quickly find out, managing international transportation is very different from managing domestic transportation. I asked Russ, “From your perspective, where do many companies fall short in terms of their ability to manage international transportation effectively?”

Put Port Resilience on the Risk Management Map

Supply Chain @ MIT

Also compounding the risk of economically damaging stoppages is the fact that while supply chain resilience has attracted much interest over recent years, port resilience has not garnered much attention. But perhaps one of the most surprising reasons for the vulnerability of the US maritime transportation system is the way port facilities are distributed. Ports in a storm. The economic damage wrought by Hurricane Katrina underscores the vulnerability of US ports.

Supply Chain Risk Management: It’s Time to Update Your Contingency Plan

AFFLINK

Based on what organizations around the country have learned from the recent hurricanes in particular, there are a few key elements that you need to add to your existing risk management plans to reinforce and solidify operations. One of the most important adjustments that must be made to your supply chain risk management plan involves opportunities to not only look at the short-term effects of certain disasters, but the long-term ramifications as well.

SCRC Meeting April 27-28 on Supply Chain Risk: Building a Risk Management Capability

Supply Chain View from the Field

The theme of the general meeting will focus on a topic of great interest to supply chain professionals at every level of the organization: “ Creating a Supply Chain Risk Management Capability.”. Planning and forecasting in an increasingly complex and volatile global environment presents many management challenges, as supply chains are exposed to an many sources of disruptions and resulting financial impacts. NC State Deloitte Professor of Enterprise Risk Management.

Florence Et Al.

Supply Chain Shaman

Plot Your Supply Chain Risk. There are also the non-obvious risks Inland rivers are swollen. Transportation will become more variable; and even scarce. Work closely with transportation carriers. Last year transportation price increases were 2-5%.) Use your transportation optimization systems to minimize dead miles and give carriers early notices of loads. Risk Management Issues. This morning the Washington Post rang.

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

From Hurricanes to Overthrown Governments to Potholes: Transportation and Supply Chain Resilience

Talking Logistics

We know transportation plays an important role in the supply chain – it’s the line in a flow diagram between the little buildings and smoke stacks – and transportation disruptions happen on a daily basis. Some of the strategies companies use to minimize the impacts of hurricanes and floods on their supply chain can be applied to transportation disruptions as well.

Budget Planning 2021: 5 Supply Chain Recommendations

Talking Logistics

Guest Commentary Guest Commentary - Transportation Insight Industry Trends budget planning COVID-19 e-commerce supply chain Supply Chain Risk Management Transportation Insight

Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1

Cerasis

Under the current COVID-19 global pandemic, managing risk in the supply chain has taken on a renewed importance. The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1 appeared first on Transportation Management Company | Cerasis. Risk Management Supply Chain risk in the supply chain

Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 2

Cerasis

This is part two of the Top 10 Metrics to Track and Manage Risk in the Supply Chain article. The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 2 appeared first on Transportation Management Company | Cerasis. Risk Management Supply Chain manage riskCheck out part one here. Disruption is nothing new to supply chain professionals.

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.

On Your Radar: Important Logistics Trends and Outlook for 2016

Talking Logistics

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? 3PL Supply Chain & Logistics Trends Supply Chain Risk Management Transportation Management Upcoming Episodes C.H.

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Oil and Gas Safety: 3 Practices for Safe Transportation

PLS Logistics

The oil and gas industry essentially involves exploring, utilizing and transporting hazardous materials. Therefore, oil and gas safety compliance and risk management are crucial in such a complex sector. Unfortunately, disruptions and breakdowns in oil and gas supply chain lead to devastating consequences, that apart from an environmental disaster often causes numerous injuries and death […].