A
recent survey from Deloitte of
600 global supply chain executives reveals a wide range of tools used to manage
risk. Of this list of technology tools, very few respondents use some of
the top risk tools - only 36% report using predictive modelling and only 29%
use risk sensing data, worst case scenario modelling and business simulation
tools.
In my own discussions with many
Supply Chain leaders, I found one thread in common with the Deloitte risk
management findings: Supply Chain risk management technology utilised in
a silo does not deliver full value until it is coupled with additional data
sources, advanced capabilities and applied to problems within the supply
chain. One executive told me technology tools are definitely enablers,
but the linkage and pushing the technologies capabilities to solve the supply
chain problems is where the rubber meets the road.
What do you use for supply chain
risk management tools? I would love to hear from you on your successes and
failures regarding supply chain risk management tools.
Hi, I love your excellent blog. Systemic risks have global geographic scope, cross-industry relevance, uncertainty as to how and when they will occur, and high levels of economic and/or social impact requiring a multi stakeholder response. These risks are also magnified by the way supply chain systems are configured; and cannot be mitigated by individual actors. thanks a lot!~•Linda Hogan
ReplyDeleteSuperb! If you do find that global supply chains are simply too risky for your business or you find that you can’t make the minimum orders for importing inventory or goods, consider options for sourcing more from domestic suppliers. thanks a lot! @Christina West
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