Case in pointAn automotive OEM implemented a detailed real-time risk assessment for semiconductors, extending upstream to the foundry. It also developed a system to track insolvency risks of small and medium-sized enterprises in the upstream supply chain. In addition, it monitored long transport rou...
Also, six main risk agents are found based on the 80/20 Pareto principle. The managerial implications of this study are (1) Applying the principles of Supply Chain Risk Management to determine the supply chain risk management using the compiled risk management framework in Word and Excel; (2)...
To mitigate the impact of delays, consider offering customers exclusive deals, discounts, or free shipping on their next order. It is not only a good opportunity to ensure a repeat visit but also an effective way to build brand loyalty. With proper customer service, you can turn a customer’...
European Union and other jurisdictions, which have further slowed the flow of goods and funds in and out of central Europe. Proper supply chain management, from acquisition of raw materials to delivery of product to
To mitigate supply chain delays you need to be aware that there is a delay in the first place. You also need to know where goods are currently, and whether or not you can fulfill orders. EDI integrated with SCM not only streamlines communications and transactions with retailers and other ...
While they have a bit of an IT or business process outsourcing (such as procurement outsourcing) slant, we think they are very appropriate for gen- eral product outsourcing as well: How to Mitigate Risk from Global Sourcing 1. Be Aware of where your processes and data are outsourced: Do ...
Join us for an exciting webinar as we deep dive into some of the risks involved in managing a global supply chain. Financial risk Legislative risk Health and Safety risk Why attend? We can show you how to navigate tough environments in global procurement, and how to mitigate these risks ...
in supplier data, to help segment them into clusters. Groups can be filtered, for example by spend, country or category, so that road maps can be put in place to ensure the right information is amassed from each supplier group.This is crucial when it comes to managin...
TheSolarWinds incidentshows, however, that even highly secure providers can be used as a steppingstone when extremely skilled hackers are involved. To mitigate this potent threat and other threats like it, every organization needs to learn how to manage third-party risk. ...
Supply chain risk management helps identify, assess, and mitigate potential supply chain risks that you may face in your business. Managing risks to the supply chain will allow you to forecast and address any internal and external risks, ensuring continuity and reducing vulnerabilities ...