Article Summary : Supply Chain Risk

Changes within the supply chain can disrupt the normal flow of goods and services because each change hasn’t been fully scrutinized. A firm can plan and speculate that a change with have a certain effect on the supply chain, but until those processes have been measured it is impossible to know the true cause and effect of any disruption.

Supply Chain Disruption – The firm will have to keep a close watch on the risk management due natural disasters the supply chain gets

Today’s global supply chain has been shaped by the past decades of focus and strategies based on achieving the lowest operational costs coupled with a push towards market expansion and supplier outsourcing. The expansion of global supply chains combined with the increasing number of joined connections to external business partners has significantly raised the possibility for supply chain disruptions (Poirier, Quinn, & Swink, 2010). In today’s global business environment, the importance of risk management continues to grow daily.

Supply chain management is a practice that involves the planning, supervision, and implementation of strategies and controls to direct the movement of goods and services provided to customers. The intent of this essay is to incorporate a synopsis of existing literature and to provide the reader with a general understanding of how supply chain management correlates with the organizational design and structure of modern firms. The essay comprehensively reviews the components of supply chain management and their integration with functional areas within an organization. The information presented in this essay

When you’re choosing a supplier, you’re not just choosing a particular product, but the people who push that product as well. Issues or late shipments are inevitable, but when those things happen, you want to feel confident that you’re working with professionals that will solve things quickly.

Managed logistics, supply chain, and integrated logistics functions within a leading provider of services to the federal government. Supervised, trained, and evaluated team of over 20. Assisted Program Manager in quality assurance and operations leadership to meet all contractual requirements. Created comprehensive monthly data analysis, written reports and briefings, program plans/analyses, and others to support logistics and operational matters. Maintained supply and inventory control using Property Book Unit Supply Enhanced (PBUSE) system.

Selecting qualified suppliers can be a tough job in today's marketplace. There are many organizations that make themselves sound appealing who do not produce the agreed upon terms of service. It can be difficult to find a new supplier and it can be a very time consuming task. Having a good database of resources can make life a lot easier with this part of the job. It also helps to plan visits to a few top potential suppliers to see how they operate internally. It is also useful to request product samples to examine and test. Not only that, it is important to check references. This can shed light on things that the company would not disclose such as poor customer service or frequent delayed deliveries. For a successful and long-ranging collaboration we demand from our suppliers are market-driven Terms, quality, cost transparency,

Hence, Sheffi concludes that Wal-Mart supply chain risk management could be seen as one of the best among the retail (Sheffi, 2015). Wal-Mart understood that, fundamental of resilience is its ability to take control of disruption and recovery from it. In order for this to happen, the company’s disaster recovery plan includes Emergency Operations Centre (EOC) that has four activation levels. What made Wal-Mart so resilient is the company’s supply chain resilience which is the operational ability that enables a disrupted supply chain to reconstruct itself and bounce back into operation even stronger than before (Brusset, X & C. Teller,

* Risk of having customers stock out our product if there is a disruption in the supply process.

(Handfield, 2007) Code C should cultivate supply chain strategies that plainly deliberate two parameters that “intensify” the negative influence of interruptions on customer and brand performance: globalization and product/process complexity. Second, Code C should plan strategies with countermeasures that diminish the impact of these things, that is: better visibility to strategic supply chain nodes that can rapidly identify disruptions. They should also have well-positioned resources that allow rapid short-range retrieval plans. They need to have in place long-range cooperative methods to remove disruptions in the future. Research also recommends that companies with a great exposure to global supply chain risk invest more in improved inventory and capacity visibility

Debates between business professionals regarding risk and benefits of outsourcing is becoming increasingly heated with particular focus on risks as unanticipated costs, potential for setbacks, integration difficulties, quality or benefits as minimize overall cost, focus on other business area, meet customer demand and flexibility. However, being prepared, done the research properly, hire the right company can bring plenty of benefits to an organization looking to outsource different aspects of their business. Rudzki, Smock, Katzorke, and Stewart (2005, pg.8) cover the significant importance of outsourcing as part of supply chain management and acknowledge the enormous role on raising customer satisfaction, driving higher profit margins, and fueling growth otherwise known as increasing company profitability. To understand how the risks and benefits of outsourcing could affect the company profitability, extended supply chain and how cost becomes value needs to be study. This paper will examine Boeing 787 Dreamliner product development and unconventional supply chain supply where best suppliers were considered partners and shared the risks of this product development.

Supply chains represent the procurement, production and distribution activities of an organisation. Within a supply chain, these activities are viewed as linked and reliant on one another to produce the final outcome. It is believed that if one component of the chain fails, the whole chain is broken and product/service delivery goals will not be achieved.

The article is very authoritative. One author, David Lynch, is a professor of supply chain management at Arizona State University at Tempe. Another author is Steven Golen, is an associate professor of

To align the supply chain complexity with the supply chain risk management, it is essential for the upper management of the organization to be able to understand and recognize where the company is being faced with risk. In the case with Cisco, they must first identify the needs of the customers, to align the supply chain complexity with risk management. Cisco looked to integrate the different companies to progress with the process of supply chains. Within in Cisco they

In today’s global economy, organizations are faced with a variety of changes in the business environment. The selection of competent suppliers has long been regarded as one of the most important functions to be performed by a purchasing department.