There are many ways to measure supply chain performance in terms of resilience, but there is one that’s easily overlooked even though it is gaining in importance: Detection time.
Categories:
Guest Posts, Risk Management, Technology
Tags: Detection, Disruption, Resilience
Many of the large companies that dominate world markets owe their strength and continuing growth to their underlying structure: a formidable network. Such networks have special economic characteristics that provide competitive advantages. Read More…
Categories:
Guest Posts, Market Trends
Tags: Network Effect, Networks
How do you put a value on avoiding a problem that seemingly no longer exists because you’ve already spent money on eliminating it?
This is the classic Catch-22 dilemma faced by many corporate security managers when trying to justify further investments in steeling the supply chain against disruptions.
It’s a vexing problem, but there are ways around it.
The obvious conundrum is that hardening the corporation, its processes, and its supply chain requires investment. If nothing happens and no crises materialize, this effort is, in hindsight, deemed to be a waste of money by senior executives. There is some justification if an actual disruption was sidestepped or its impact mitigated. But even then, it is difficult to quantify the benefits of dodging the bullet. Read More…
Categories:
Risk Management
Tags: Risk Avoidance, Risk Management, Supply Chain, Supply Chain Management