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. A failure on the part of any supplier or other supply chain partner could result in cascading problems across your business, and supply chain.

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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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

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

Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

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.

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. 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.

Case Building for Supply Chain Risk Management!

Supply Chain Game Changer

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.

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.

Supply Chain Risk Management and Rocket Science

Logility

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.

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.

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

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.

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?

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

AFFLINK

In a lot of ways, a supply chain is almost like a living, breathing entity - something that negatively affects one area of the chain will absolutely create a ripple effect in other areas. For supply chains in particular, it means suppliers scrambling to find viable last minute routes. While this does present a challenge today, that risk isn't eliminated as soon as the storm itself is over - far from it. What effect does that have on the rest of the chain?

Budget Planning 2021: 5 Supply Chain Recommendations

Talking Logistics

The effects of COVID-19 on North American business are creating supply chain challenges into the second half of 2020. Read more Budget Planning 2021: 5 Supply Chain Recommendations. The post Budget Planning 2021: 5 Supply Chain Recommendations appeared first on Talking Logistics with Adrian Gonzalez. The ability for organizations to respond to these challenges will determine the strategies required to maintain profitable performance in 2021.

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

Talking Logistics

When referring to supply chain resilience, the causes of disruption vary widely in scale and emphasize the unpredictability and severity of the events. 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.

Coronavirus Creates Opportunity for Healthy Supply Chain Correction

Talking Logistics

Alongside that is the incredibly difficult task of measuring supply chain effects throughout the rest of the year. Read more Coronavirus Creates Opportunity for Healthy Supply Chain Correction. The post Coronavirus Creates Opportunity for Healthy Supply Chain Correction appeared first on Talking Logistics with Adrian Gonzalez. Every day, the COVID-19 situation continues to evolve.

Supply Chain Risk Blog Series#1: Why Supply Chain Risk Management Should be a High Priority

BluJay Solutions

Managing the inherent risk in a supply chain has always been critical for businesses, but has become ever more so as supply chains have extended globally. With so many companies today deriving and delivering so much of their business across a larger geographical expanse, the inherent risk factor has increased exponentially in the last decade or two.

Balancing Efficiency and Resilience in Multimodal Supply Chains

SCM Research

In his new report, titled Balancing Efficiency and Resilience in Multimodal Supply Chains , McKinnon (2018) writes: “Over the past twenty years, supply chain resilience has become a hot topic in industrial, government and academic circles – for good reason. A call for papers deals with supply chain resilience. Balancing Efficiency and Resilience in Multimodal Supply Chains.

3 Ways Crowdsourcing Is Revolutionizing Supply Chain Management

Kinaxis

Here are three ways that crowdsourcing is revolutionizing supply chain management today—and in the future. Amazon consistently ranks on or near the top of lists touting the best supply chains—and for good reason. Amazon’s achievements in supply chain management have led consumers to establish an incredibly high bar for timely and accurate product delivery. Crowdsourcing supports risk management strategies.

6 Supply Chain Disciplines to Enable Profitable Growth

Talking Logistics

How can supply chain management enable profitable growth? Getting to the answer requires retailers to take a broader, more strategic perspective of supply chain management, one that goes beyond defining supply chain excellence only in terms of cost reduction and control. Below is an excerpt from the section on Supply Chain Visibility. — Supply Chain Visibility.

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?

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This Week in Logistics News (September 12-16, 2016)

Talking Logistics

Are you attending the Council of Supply Chain Management Professionals (CSCMP) Annual Conference later this month (September 25-28 in Orlando, FL)? If so, I invite you to attend two of the sessions that I am participating in, both related to transportation management: TMS 4 SMB: A Case Study with Carhartt. TMS solutions recently evolved to not only solve complex transportation problems for large shippers, but to also better meet the needs of the SMB market.

This Week in Logistics News (June 23-27, 2014)

Talking Logistics

In other news… Supply Chain Risk Management Now a Priority for Most Businesses ( Accenture ). Several reports have been published in recent years underscoring the growing importance of supply chain risk management. This includes investments in “technology and/or organization that provides visibility within and/or across the Supply Chain that highlights trends and potential risks.”.

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Do your supply chain challenges have you feeling a little snowed under?

Kinaxis

by Andrew Dunbar The first day of spring is less than a week away but the Canadian winter is still wreaking havoc on local supply chains. While it would be convenient to blame this on Nova Scotia’s unforgiving winter weather, the root cause of this delay is really a supply chain planning issue. Though complex, it’s not that different in nature than the basic supply chain problems we face in other industries on a daily basis.

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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Good-bye siloed, functional planner. Hello storm chasing network planner.

Kinaxis

by Bill DuBois If you had anything to do with supply chain planning in the early days of enterprise resource planning (ERP), you may consider those years the “good ol’ days”. Supply chain planners (I’m lumping in all the silos, including demand, supply, inventory and capacity planning) today are dealing with challenges that were unimaginable when Lotus notes were the next big thing. However, none of this physically destroyed your supply chain.

Japan and Ecuador Earthquakes: Supply Chain Lessons from Past Disasters

Talking Logistics

These earthquakes are also a reminder of how natural disasters can disrupt supply chains. Over the past few years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping, including the following: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management. Do You Have a “Top 25″ Supply Chain?

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. Late Tuesday, Covenant Transportation Group Inc.

This Week in Logistics News (January 27-31, 2014)

Talking Logistics

to Provide Next-Generation Supply Chain Resiliency Capabilities. UltraShipTMS: New Features for Cloud Based TMS and Transportation Optimizer. Ratings for President Obama’s “State of the Union” address were the lowest since 2000 , but if you tuned in, he raised a couple of points related to supply chain and logistics. First, as in previous years, he called for increased investment in transportation infrastructure. Atlanta. 2 inches of snow.

Identity Theft, Trucking Style

Talking Logistics

Here’s how the scheme works, as described in an AP article published last October ( Thieves Pose as Truckers to Steal Huge Cargo Loads ): Thieves assume the identity of a trucking company, often by reactivating a dormant Department of Transportation carrier number from a government website for as little as $300. Here are my three simple tips to prevent cargo theft in general (or at least minimize the risk): 1. A couple of years ago, I was a victim of identity theft.

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Cognizant – Mining Critical Data in the Era of the Internet of Things – SupplyChainBrain & Kinaxis Video Series

Kinaxis

There’s a paradigm shift occurring today in the world of supply-chain planning and execution , says Amraotkar. The biggest struggle for Cognizant clients today is identifying risk within their global supply chains. Most companies today are dealing with production and sales in multiple parts of the world, and drawing on a huge collection of handlers and transportation modes for support. How Anritsu Achieved End-to-End Supply Chain Visibility.

From Grower to Garden: The Complexities of the Nursery Supply Chain

Kinaxis

by Alexa Cheater Today is ‘ Take Your Plant for a Walk Day ’ (yes, apparently that is a real thing), and in honor of houseplants everywhere I thought I would look at the supply chain of an industry that has long fascinated me – the nursery industry. The Nursery and Garden Industry of Australia (NGIA) has very nicely put together two videos about the supply chain issues production nurseries face.

Canadian Ports: A Fast Lane for Asia-U.S. Imports?

Talking Logistics

As I said at the time, when you stand back and think about it from a supply chain risk management perspective, being in a situation where just 800 clerks can shut down the main entry point for about 40 percent of U.S. If you’re not exploring alternative ports of entry (whether via Canada, Mexico, or the East Coast), then you’re missing out on opportunities to reduce your risk for a supply chain disruption and/or to achieve lead time and cost reductions too.

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Can One Broken Bridge Cripple Your Supply Chain?

Kinaxis

While one lane of the bridge has since re-opened , allowing at least a trickle of traffic to flow across, larger transport vehicles are still being detoured, and the cost to the businesses impacted by this logistics nightmare is mounting. I’d add it’s yet another reminder to businesses to make sure their supply chains can handle the unexpected. Is an unanticipated delay like this part of your supply chain risk plan? by Alexa Cheater.