The numerous possibilities of disruptions and disturbances in the supply chain demand a supply chain that is responsive to a variety of threats, and the keys or tools to mitigating supply chain vulnerability are security, visibility and resilience.
This is one of the articles – if not THE article – that paved the way for many frameworks for risks in supply chains, most notably the supply-demand-process-control model.
Traditionally, papers on supply chain risk use the “classic” supply-demand-internal-external scheme for classifying supply supply chain risk sources. Christopher and Lee do not. They see risk as primarily related to uncertainty, volatility and turbulence
Instrumented, interconnected and intelligent. That is IBM’s vision of the supply chain of the future. The report features an interesting table, where these three characteristics are linked to SCM competencies and how they can be implemented.
In my postings on supply chain risk and supply chain disruption, there is one thing that I have overlooked: Business Intelligence. Well, not overlooked, maybe, but underestimated, because Business Intelligence is a key component in mitigating supply chain risk and also a key component in recovering critical information after a supply chain disruption.
It’s weekend and time for some reflections. Maybe slightly off-topic for this blog, but the other day I came across “Web Conferencing”, a feature-rich full web collaboration service, and it occurred to me how useful this tool is in Supply Chain Management.
