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Now that we can view the incident in hindsight, I wanted to share three risk management lessons you can take away from this to create a healthier supply chain. . The entire supply chain can be impacted by one accident. MORE
Bowman, Managing Editor of SupplyChainBrain, wrote about a discussion he had with Yves Leclerc (@wmpyleclerc), managing … Continued The post Cognitive Computing and Supply Chain Risk Management appeared first on Enterra Solutions. Business Risk Management Supply Chain Earlier this year, Robert J. MORE
SEPTEMBER 19, 2016
“There’s a saying,” writes Warrick Beaver (@WarrickBeaver), Managing Director of Customer & Third Party Risk at Thomas Reuters, “that you … Continued. The post Supply Chain Risk Management: You Can’t Outsource Responsibility appeared first on Enterra Solutions. Cognitive Computing Risk Management Supply Chain Enterra Solutions Stephen DeAngelis MORE
“Supply chains are driven by data,” writes Susan Fourtané (@SusanFourtane). The post Visibility is Essential for Supply Chain Risk Management appeared first on Enterra Solutions. Artificial Intelligence Big Data Business Cognitive Computing Digital Supply Chain Risk Management Supply Chain digital supply chain Stephen DeAngelis MORE
Working in supply chain is like starring in a Rocky movie. You don’t need to go back any further than a decade to understand the many challenges supply chains have endured over the years. Interestingly enough, the first episode of Breaking Bad that aired in 2008 reflected what it was like being in supply chain risk management at the time: “Hey, a science teacher is cooking meth, how much worse could it get?”. Supply chain risk management MORE
What is supply chain risk management? Supply chain risk management is the process of identifying and managing issues within a supply chain. Who needs to understand supply chain risk management? MORE
I talked to Brent Wilson, SVP of Global Supply Chain Operations at ON Semiconductor, about their supply chain risk management program. The public company, headquartered in Phoenix, has a truly global supply chain with over 90 locations globally. High Tech & Electronics Industry Supply Chain Risk Management ON Semiconductor Risk supply chain MORE
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. Difficulty in valuing risk management. MORE
All businesses face risks, and your business is only as strong as the weakest link. A failure on the part of any supplier or other supply chain partner could result in cascading problems across your business, and supply chain. MORE
The post Global Supply Chain Risk Management appeared first on Enterra Solutions. Business Cognitive Computing Globalization Risk Management Supply Chain Technology Enterra Solutions Stephen DeAngelis“Resiliency,” writes Aaron Burman, “has become an overused buzzword. Every field seems to have their own need to talk about … Continued. MORE
Why is supply chain risk management important? A key priority for Chipotle moving forward has to be improving its supply chain visibility, which based on comments reported in the Wall Street Journal last week , appears to have some blind spots. Another priority for Chipotle has to be improving its supply chain risk management capabilities, which is one of six fundamental disciplines for achieving supply chain excellence. MORE
Riskmethods, a supply chain risk management provider, recently announced it has enhanced the riskmethods solution by adding specialized cybersecurity performance information from BitSight MORE
I became very familiar with risk management early in my professional career. Supply chain professionals have to push the envelope on processes and procedures every day to gain incremental improvements in customer service, costs and efficiencies. 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. MORE
Coronavirus has brought supply chain risk management into many boardroom conversations. To understand risk, we must first understand how much visibility companies have into their facilities and their extended supplier networks. MORE
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 MORE
by John Westerveld Reason #5: Not having a supply chain risk management process. 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 Your supply chain is costing you money – Reason #4 Making key decisions by modelling the supply chain in Excel. MORE
The coronavirus, which the World Health Organization (WHO) declared a global health emergency last week, is starting to have an impact on supply chains. Read more Coronavirus: Supply Chain Risk Management Back in Spotlight. Brown logistics supply chain MORE
Musings on a Metric: Supply Chain Risk Management with R Score. supply chain risk management r-score MORE
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. MORE
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. By executing a risk management plan, a company can assess potential critical risk that needs to be prioritized before they could cause adverse impacts on their interests. MORE
The post Solar Eclipses and Supply Chain Risk Management appeared first on Enterra Solutions. Business Risk Management Supply Chain Enterra Solutions Stephen DeAngelisToday, much of the United States will experience a total solar eclipse. That hasn’t happened for nearly 100 years. Because … Continued. MORE
Norrman & Jansson’s (2004) case study on Ericsson’s supply chain risk management (SCRM) practices is definitely part of the canon of SCM literature. The Development of Supply Chain Risk Management over Time: Revisiting Ericsson. MORE
There are a lot a moving parts associated with a good supply chain risk management program. The post Three Phases of Supply Chain Risk Management appeared first on Enterra Solutions. Best Practices Business Cognitive Computing Risk Management Supply Chain Technology Enterra Solutions Stephen DeAngelisFirst and foremost, a … Continued. MORE
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 the supply chain continues to grow in complexity and regulation, the opportunities for problems and other events to impact operations negatively will consequently grow. MORE
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. Eric Kimberling ( @erickimberling ) an Enterprise Resource Planning expert, writes, “The coronavirus pandemic disrupted supply chains across the globe, and suddenly everyone is paying more attention to what was an overlooked subject just months ago. Multi-dimensional risk planning. MORE
Subscribe to Supply Chain Game Changer. An effective supply chain is the ironic link that every business requires to join together a well-developed product and the market. These are a few examples of risks that you may come across. Organisation of the supply chain. MORE
Supply chain risk management is the calculated effort to identify, scrutinize, and combat issues within the supply chain. The supply chain is full of risks. Supply chain risk management creates a ripple effect if not accurately assessed. MORE
Now we apply this same macro-agility and micro-agility concept to risk management. In the era of the global supply chain, many companies think about risk management in terms of “ macro agility ”—their ability to anticipate the likelihood of, and develop readiness plans for, major crises that impact the chain, like geopolitical instability and extreme weather. Forecasting Demand and Analytics Supply Chain Planning MORE
The topic of supply chain risk management has taken on a new persona as the global supply chain endures the COVID-19 crisis. Risk Management Supply Chain Supply Chain Risk Management software MORE
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 MORE
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. MORE
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.”. MORE
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. MORE
states, obvious disruptions to supply chains and supply chain risk management were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. The southeast contains a bunch of key ports and supply chain links that were in peril as Matthew approached and eventually passed through them. The human links of the supply chain were stressed. MORE
Last week’s Ransomware attack that impacted more than 300,000 computers in 150 countries, crippling industries in Europe, Asia and South America, should have caught the attention of supply chain risk managers. supply chain visibility supply chain resiliency supply chain risk management proactive risk mitigation impact ransomware aftermath implications action plan MORE
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. MORE
Supply Chain Risk Management Related Topics 
GlobalTranz
APRIL 1, 2020
The topic of supply chain risk management has taken on a new persona as the global supply chain endures the COVID-19 crisis. Risk Management Supply Chain Supply Chain Risk Management software
GlobalTranz
APRIL 3, 2020
All businesses face risks, and your business is only as strong as the weakest link. A failure on the part of any supplier or other supply chain partner could result in cascading problems across your business, and supply chain.
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SCM Research
JUNE 29, 2020
Norrman & Jansson’s (2004) case study on Ericsson’s supply chain risk management (SCRM) practices is definitely part of the canon of SCM literature. The Development of Supply Chain Risk Management over Time: Revisiting Ericsson.
Kinaxis
FEBRUARY 24, 2017
Working in supply chain is like starring in a Rocky movie. You don’t need to go back any further than a decade to understand the many challenges supply chains have endured over the years. Interestingly enough, the first episode of Breaking Bad that aired in 2008 reflected what it was like being in supply chain risk management at the time: “Hey, a science teacher is cooking meth, how much worse could it get?”. Supply chain risk management
Enterra Insights
AUGUST 21, 2017
The post Solar Eclipses and Supply Chain Risk Management appeared first on Enterra Solutions. Business Risk Management Supply Chain Enterra Solutions Stephen DeAngelisToday, much of the United States will experience a total solar eclipse. That hasn’t happened for nearly 100 years. Because … Continued.
Talking Logistics
FEBRUARY 3, 2020
The coronavirus, which the World Health Organization (WHO) declared a global health emergency last week, is starting to have an impact on supply chains. Read more Coronavirus: Supply Chain Risk Management Back in Spotlight. Brown logistics supply chain
ToolsGroup
OCTOBER 11, 2016
Now we apply this same macro-agility and micro-agility concept to risk management. In the era of the global supply chain, many companies think about risk management in terms of “ macro agility ”—their ability to anticipate the likelihood of, and develop readiness plans for, major crises that impact the chain, like geopolitical instability and extreme weather. Forecasting Demand and Analytics Supply Chain Planning
Talking Logistics
JUNE 30, 2014
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.”.
GlobalTranz
NOVEMBER 19, 2018
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
Kinaxis
NOVEMBER 11, 2016
states, obvious disruptions to supply chains and supply chain risk management were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. The southeast contains a bunch of key ports and supply chain links that were in peril as Matthew approached and eventually passed through them. The human links of the supply chain were stressed.
Logistics Viewpoints
DECEMBER 16, 2015
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
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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. As the supply chain continues to grow in complexity and regulation, the opportunities for problems and other events to impact operations negatively will consequently grow.
Logistics Viewpoints
AUGUST 10, 2015
I talked to Brent Wilson, SVP of Global Supply Chain Operations at ON Semiconductor, about their supply chain risk management program. The public company, headquartered in Phoenix, has a truly global supply chain with over 90 locations globally. High Tech & Electronics Industry Supply Chain Risk Management ON Semiconductor Risk supply chain
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. Eric Kimberling ( @erickimberling ) an Enterprise Resource Planning expert, writes, “The coronavirus pandemic disrupted supply chains across the globe, and suddenly everyone is paying more attention to what was an overlooked subject just months ago. Multi-dimensional risk planning.
Supply Chain Game Changer
JANUARY 30, 2020
Subscribe to Supply Chain Game Changer. An effective supply chain is the ironic link that every business requires to join together a well-developed product and the market. These are a few examples of risks that you may come across. Organisation of the supply chain.
Enterra Insights
OCTOBER 2, 2014
Bowman, Managing Editor of SupplyChainBrain, wrote about a discussion he had with Yves Leclerc (@wmpyleclerc), managing … Continued The post Cognitive Computing and Supply Chain Risk Management appeared first on Enterra Solutions. Business Risk Management Supply Chain Earlier this year, Robert J.
Talking Logistics
JUNE 10, 2015
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.
Talking Logistics
FEBRUARY 8, 2016
Why is supply chain risk management important? A key priority for Chipotle moving forward has to be improving its supply chain visibility, which based on comments reported in the Wall Street Journal last week , appears to have some blind spots. Another priority for Chipotle has to be improving its supply chain risk management capabilities, which is one of six fundamental disciplines for achieving supply chain excellence.
Kinaxis
OCTOBER 1, 2014
by John Westerveld Reason #5: Not having a supply chain risk management process. 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 Your supply chain is costing you money – Reason #4 Making key decisions by modelling the supply chain in Excel.
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. Difficulty in valuing risk management.
Logility
FEBRUARY 23, 2016
I became very familiar with risk management early in my professional career. Supply chain professionals have to push the envelope on processes and procedures every day to gain incremental improvements in customer service, costs and efficiencies. 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.
Enterra Insights
OCTOBER 17, 2019
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.
CH Robinson Logistics
APRIL 27, 2021
Now that we can view the incident in hindsight, I wanted to share three risk management lessons you can take away from this to create a healthier supply chain. . The entire supply chain can be impacted by one accident.
Enterra Insights
OCTOBER 18, 2016
There are a lot a moving parts associated with a good supply chain risk management program. The post Three Phases of Supply Chain Risk Management appeared first on Enterra Solutions. Best Practices Business Cognitive Computing Risk Management Supply Chain Technology Enterra Solutions Stephen DeAngelisFirst and foremost, a … Continued.
Unleashed
DECEMBER 7, 2020
What is supply chain risk management? Supply chain risk management is the process of identifying and managing issues within a supply chain. Who needs to understand supply chain risk management?
Enterra Insights
SEPTEMBER 19, 2016
“There’s a saying,” writes Warrick Beaver (@WarrickBeaver), Managing Director of Customer & Third Party Risk at Thomas Reuters, “that you … Continued. The post Supply Chain Risk Management: You Can’t Outsource Responsibility appeared first on Enterra Solutions. Cognitive Computing Risk Management Supply Chain Enterra Solutions Stephen DeAngelis
Enterra Insights
MAY 4, 2017
“Supply chains are driven by data,” writes Susan Fourtané (@SusanFourtane). The post Visibility is Essential for Supply Chain Risk Management appeared first on Enterra Solutions. Artificial Intelligence Big Data Business Cognitive Computing Digital Supply Chain Risk Management Supply Chain digital supply chain Stephen DeAngelis
Enterra Insights
MAY 9, 2016
The post Global Supply Chain Risk Management appeared first on Enterra Solutions. Business Cognitive Computing Globalization Risk Management Supply Chain Technology Enterra Solutions Stephen DeAngelis“Resiliency,” writes Aaron Burman, “has become an overused buzzword. Every field seems to have their own need to talk about … Continued.
Supply Chain Movement
MARCH 16, 2016
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.
Material Handling and Logistics
APRIL 27, 2018
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.
Resilinc
MAY 17, 2017
Last week’s Ransomware attack that impacted more than 300,000 computers in 150 countries, crippling industries in Europe, Asia and South America, should have caught the attention of supply chain risk managers. supply chain visibility supply chain resiliency supply chain risk management proactive risk mitigation impact ransomware aftermath implications action plan
Resilinc
APRIL 11, 2018
Musings on a Metric: Supply Chain Risk Management with R Score. supply chain risk management r-score
Supply Chain Brain
SEPTEMBER 30, 2020
Riskmethods, a supply chain risk management provider, recently announced it has enhanced the riskmethods solution by adding specialized cybersecurity performance information from BitSight
Blue Ridge
SEPTEMBER 14, 2020
Coronavirus has brought supply chain risk management into many boardroom conversations. To understand risk, we must first understand how much visibility companies have into their facilities and their extended supplier networks.
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. By executing a risk management plan, a company can assess potential critical risk that needs to be prioritized before they could cause adverse impacts on their interests.
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