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

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.”.

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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.

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. 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. Why are you confident that your supply chain management is good enough? Subscribe Here!

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.

AI + Data = Supply Chain Risk Management!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Cut to 2019, Deloitte published its newest CPO Survey where they found that 81% of chief procurement officers with fully implemented solutions in the space of Supply Chain Risk & Compliance Management aren’t satisfied with their solutions. Introduced by Gartner Analyst, Noha Tohamy, at Gartner’s Supply Chain Executive Conference, AI was broken down into two categories. Subscribe Here!

Know sooner, act faster and accelerate your supply chain performance!

Kinaxis

by John Westerveld When things happen in supply chain, knowing sooner and acting faster can mean the difference between a major catastrophe and a minor hiccup in your supply chain performance. Imagine this scenario; you are a supply chain executive for a major U.S.-based Can you imagine your supply chain planning team being able to pull this off? Supply chain performance like this is not out of your grasp.

The Hackers Inside Your Supply Chain

Talking Logistics

Two recent reports highlight the growing threat of cyber-terrorism on supply chains. While the Coast Guard initiated a number of activities and coordinating strategies to improve physical security in specific ports, it has not conducted a risk assessment that fully addresses cyber-related threats, vulnerabilities, and consequences. As I’ve written many times before, when it comes to supply chain risk management, many companies are falling short.

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.

Step Five: Stage Five Supply Chain Planning System of Record (SCP SOR)

Kinaxis

As you can probably guess, this is the last step in reaching Stage Five for your Supply Chain Planning System of Record (SCP SOR). Data scientists are the new generation of supply chain planners. How do you manage the risk? Supply chain is a risky business! Risk management is being seen as a strategic imperative in supply chain. They already had a risk management strategy in place using what if scenarios.

Do You Have a Proactive Supply Chain Design or a Reactive One?

Talking Logistics

Every supply chain has a central purpose, regardless of size or industry: getting materials from their point of origin to the place they’re needed as quickly and inexpensively as possible. Designing a supply chain to accomplish that task isn’t as straightforward as it seems, especially when technology is involved. A smart company pays attention to the way their supply chain operates, and that means working with a proactive design over a reactive one.

What is the Biggest Blind Spot in Your Supply Chain?

Talking Logistics

In countless surveys over the past decade, manufacturers and retailers rank “improving supply chain visibility” as one of their top priorities. Yet, despite their focus on this effort and advancements in technology, achieving timely, accurate, and complete supply chain visibility remains an elusive goal for many companies. Supply chain networks are reconfiguring at a rapid pace, so the challenge of connecting to new trading partners is ongoing.

Supply chain impact before, during, and after Hurricane Irma

Kinaxis

by Bill DuBois What are your supply chain thoughts when you see this picture? If you happen to be involved in any way in supply chain, whether it’s supply chain planning, manufacturing or distribution, your next thought after hoping people are okay is likely, “holy crap!”. Once the initial shock has worn off, your supply chain instincts will kick in as you assess the damage from a supply chain perspective.

Three Reasons to Give Advanced Track and Trace Capabilities a Fresh Look

Logistics Viewpoints

Inventory Management Reverse Logistics Supply Chain Risk Management Warehouse Management Systems The need for track and trace capabilities in industries such as food and beverage, manufacturing or automotive industries is obvious: the threat of contamination or recalls impacts public safety, and the responses to those events are highly regulated. Organizations need to know what goes into their products and their location at all times.

Countdown to Black Friday: Are You an Easy Target for Cargo Theft?

Talking Logistics

The industry experiences more cargo theft incidents when there is a higher volume of consumer goods moving through the supply chain. Holiday weekends and the weeks leading up to the Black Friday retail shopping holiday are prime times for organized crime groups to target the trucks, warehouses, and distribution centers that send or receive those goods. Remember that freight at rest is freight at risk. Christopher McLoughlin is Risk Manager at C.H.

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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. Many products are within the category of optimizers for supply chain needs. in Series A to Bring Real-Time Visibility to the Supply Chain via APIs.

This Week in Logistics News (April 28 – May 2, 2014)

Talking Logistics

In this week’s news… JDA Software Announces Industry-Leading Distribution-Centric Supply Chain Suite. Resilinc Announces SupplyIntel Corporate Social Responsibility (CSR) Module to Protect Against Brand Risk. Supply Chain Council to Merge with APICS. DOT Secretary Foxx sends transportation bill to Congress (Logistics Management). It is offered in combination with the unique supply chain mapping capabilities of the Resilinc platform.

This Week in Logistics News (February 23-27, 2015)

Talking Logistics

Moving on to this week’s supply chain and logistics news… Target Lowers Free Shipping Minimum to $25 for Online Orders. DHL launches next phase Resilience360 risk management tool to help customers avoid global disasters. These trends, in turn, are putting tremendous pressure on supply chains to not only meet the more stringent expectations of consumers, but to do so profitably. What can you do with 102 inches of snow?

This Week in Logistics News (January 19-23, 2015)

Talking Logistics

In other news… Elemica Awarded 2nd Patent on Supply Chain Operating Network. Ryder First in Supply Chain Industry to be Awarded SAFETY Act Certification from U.S. As I’ve said in the past, I believe many companies will find opportunities for supply chain innovation at the intersection of Software, B2B Connectivity, and Social Networking. Department of Homeland Security (DHS) for its global supply chain security program.

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. Behind those Amazon Prime boxes, a bull market in warehouses (Reuters). 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.

5 Supply Chain Trends You Can’t Ignore (Takeaways from Accellos Conference)

Talking Logistics

I love that question, which is from a blog posting by supply chain executive and consultant Tony Martins, who was my guest on Talking Logistics earlier this year; Tony was also a panelist in the Mega Trends Impacting Supply Chains session I moderated at last week’s CSCMP conference. Many of the customers in attendance were 3PLs, so I framed my presentation around the following five supply chain trends 3PLs (and their customers) can’t afford to ignore.

This Week in Logistics News (January 8-12, 2018)

Talking Logistics

Or I can just wing it and go straight to the supply chain and logistics news that caught my attention this week. Ocado to wheel out C3PO-style robot to lend a hand at warehouses (The Guardian). HERE and FreightVerify partner to optimize the automotive industry supply chain. What can I do if I have writer’s block? Well, I could turn to an AI-powered robot to my write my post for me (see Wired article, “ What News-Writing Bots Mean for the Future of Journalism ”).

Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

In fact, according to a survey conducted by Labelmaster and Hazardous Cargo Bulletin — The Global Dangerous Goods Confidence Outlook — more than one-quarter of the respondents are still doing dangerous goods compliance manually and they’re not even using general shipping or warehouse software or systems provided by carriers. As I wrote more than three years ago in A New Era for Global Trade Management Software? :

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Supply Chain and Logistics Conferences to Attend in 2017

Talking Logistics

Editor’s Note: This is one of the most popular posts we publish every year: our list of supply chain and logistics events to attend in the coming year. Many of the leading ERP and supply chain software vendors have customer events in various countries around the world.; Supply chain professionals often cite peer-to-peer learning and networking as the most valuable investment of time and money.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

For example, 3PLs and software vendors did pay more attention to serving the needs of small and mid-sized businesses (SMBs) and companies in the Energy and Process Industries (see TMS for SMB: Breaking Down the Barriers , Oil & Gas Companies Focus on Eliminating Supply Chain Waste , and Collaboration and Optimization in the Oil & Gas Industry ). Making supply chain and logistics predictions is like throwing darts at a moving target.

Updated IT Subway Map: Major acquisitions in SC software

Supply Chain Movement

The supply chain software industry is in a considerable state of flux. as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems. furthermore, because the continuing growth in outsourcing is making global businesses ever-more susceptible to disruptions, supply chain risk management software is also on the rise. Risk and Order Management.

Supply Chain Risk Blog Series#3: The Role of Regulation

BluJay Solutions

In the last post in our blog series on Supply Chain Risk, we focused on the impact of complexity and the role of contingency planning in managing risk. Now it’s time to consider the role of regulatory requirements and legislation in your supply chain risk planning. . So, which of the myriad of government regulations are pertinent to a company’s risk management strategy?

Supply Chain and Logistics Conferences to Attend in 2015

Talking Logistics

Last January, I shared 5 New Year’s Resolutions for supply chain and logistics executives to improve as leaders. As I wrote last year: According to leadership expert Ken Blanchard, “when you stop learning, you stop leading,” and this is especially true in supply chain management. Conferences are a great example of peer-to-peer learning in action, but with so many supply chain and logistics conferences available, how do you decide which ones to attend?

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

“We will see $300 a barrel — or roughly $250 in today’s dollars — because oil supply will be so short. That will be in 2015, after the peak of oil [supply].”. I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. The EIA now expects that “global liquid fuels supply will continue to outpace consumption, resulting in an average stock build of 0.4

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Why this is a great time to be a supply chain professional

Kinaxis

Tim started his career in supply chain management along with me. After exchanging pleasantries, Tim said he is considering pivoting back into supply chain and wanted my opinion on if the timing is right. New supply chain challenges creating new opportunities : Fundamental shifts in technology are remaking supply chains as we know them, bringing together the digital and physical worlds. by Dr. Madhav Durbha. Long time bud!

Supply Chain-Enhanced Customer Experience

Enterra Insights

Although the connection between great customer experience and a world-class supply chain is obvious, customer experience is not the first thing that pops into most peoples’ minds when they hear the term “supply chain.” ” According to Phil Britt ( @Phil_Britt ), supply chain professionals are among the few people who regularly make the connection between customer service and the supply chain.

Supply Chain and Logistics Conferences to Attend in 2016

Talking Logistics

Does it contain a line item for supply chain talent and leadership development? Contrary to what many people believe, investing in employees is not dilutive to a company’s financial results and shareholder value — it’s actually accretive,” said Howard Schultz, the CEO of Starbucks, at the 2015 Council of Supply Chain Management Professionals (CSCMP) Annual Conference. Below is a short list of the supply chain and logistics conferences scheduled for 2016.

Supply Chain and Logistics Conferences to Attend in 2019

Talking Logistics

Editor’s Note: This is one of the most popular posts we publish every year: our list of supply chain and logistics events to attend in the coming year. Many of the leading ERP and supply chain software vendors have customer events in various countries around the world.; Supply chain professionals often cite peer-to-peer learning and networking as the most valuable investment of time and money. Takeaways from the IBM Watson Supply Chain Summit.

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.