Supply Chain Risk Management Performance

Supply Chain Opportunity in an Uncertain Economic Recovery, by Eric G. Olson, discusses the advantages the supply chain has in a struggling economic recovery, when most other companies are dealing with uncertainty. The authors’ intention contained in this article is to discuss opportunities that businesses have to grow their operations despite coming out of a severe recession. The author identifies to take advantage of these opportunity, companies must be willing to be more flexible and that scalability is much easier to implement coming out of a severe recession. The author provides a design, methodology, and approach to implement these changes, highlighting the scalability and flexibility benefits, mitigation if multiple risks, identification supply chain opportunities.

Supply Chain Management: An International Journal, Volume 7, Number 5, 2002, pp. 271 – 282;

When dealing with supply chain management companies need a strategy for managing resources that go toward meeting customer demands for their product or service. Developing a set of

Reorders are placed at the time of review (T), and the safety stock that must be reordered is:

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

A supply chain is a system of people, activities, information, and resource involved in creating a product and moving it their customers. First is the strategic supply chain management. Best value supply chains strive to excel along four measures. Speed is the time duration from initiation to completion of the production and distribution process. Quality refers to the relative reliability of supply chain activities. Supply chains’ efforts at managing cost involve enhancing value by either reducing expenses or increasing customer benefits for the same cost level. Flexibility refers to a supply chain’s responsiveness to changes in customers’ needs. The second component of the strategic supply chain is agility, the supply chain’s relative capacity to act rapidly in response to dramatic change in supply and demand. Adaptability refers to a willingness and capacity to reshape supply chains when necessary. Lastly, alignment refers to creating consistency in the interest of all participants in a supply

In the San Diego distribution center (DC) information flow example, dealers not being notified automatically of order status would be classified as

resource-based perspective of supply chain resilience and robustness. Journal of Supply Chain Management, 50(3), 55-73. Retrieved from Business Source Complete Database.

Effective supply chain management involves a though and current knowledge of any company. Analyzing market trends and correctly forecasting the potential changes in sales in the upcoming season is necessary to stay on top of changes in any organization that could affect the organization bottom line down the road. In addition, communicating those potential changes to the rest of the supply chain (upstream and downstream) is imperative if the company want to get the maximum possible profit margin while still maintaining product quality and presenting a legitimate value proposition to your customers (Zidane, 2016).

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,

(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

Cisco Systems, Inc. is an American multinational, technology conglomerate based out of San Jose, California, in the center of Silicon Valley. Cisco Systems, Inc was founded in 1984 by Leonard Bosack and Sandy Lerner, two computer scientists from Stanford University. Both Bosack and Lerner paved the concept of a local area network, LAN is being used to connect geographically disparate computers over a multiprotocol router system.

Purpose – The purpose of this paper is to explore the concept of supply chain quality management and to propose a research model that considers the impact of supply chain quality management practices on firm performance. It is also to identify the project is suitable needs for undertaken.

Mitigating supply chain risk is a critical component of a company’s overall risk management strategy. According to the Contingency Theory, the appropriateness and effectiveness of risk mitigation strategies are contingent on the internal and external environments and that there is no one-size-fits-all strategy (Talluri, Kull, Yildiz, & Yoon, 2013, p. 253). New information technologies make it possible to extend supply chains to global markets (Sahin and Robinson 2002, cited by Talluri, Kull, Yildiz, & Yoon, 2013, p.253). This increases the dependence on outside resources and makes firms vulnerable to failures affecting all partners within the supply chain (Craighead et al. 2007). Uncertainties in factors such as market conditions, supply

Mitigating risks play a huge part in the supply chain strategy. Procedures put into place should not just be looked at as a cost, but as a savings. The bottom line is directly affected when damage, theft, and legal issues occur. Risk and uncertainty can be used interchangeably. “Supply chain uncertainty and risk is defined as the impacts, consequences, unexpected events and/or errors (e.g. delays, damages and loss) that may harm the logistics operations in this study” (Wang, Ji, & Abareshi, 2015. P. 489). The first task is to ensure proper insurance on the facilities and merchandise located within the warehouse, and any other equipment owned by the company. A key strategy is to shift liability onto another party like an insurance