SCM Insights How to best manage geo-related risks in your supply chain The past two years have been marked by unprecedented supply chain disruptions. It’s not just the transport routes, but also the production of goods itself that is severely impacted: New local or regional Covid lockdowns keep slowing down manufacturing, especially in Asia. The ongoing chip shortage hits more and more industries. The power outage in Texas first knocked out the local petrochemical plants in February — then, its effects swept across the entire plastics supply chain worldwide. ... The list could go on and on. (more…)
SCM Insights How to implement an efficient risk management system The coronavirus pandemic has posed enormous, unprecedented challenges for companies. Efficient risk management plays a central role in meeting these challenges. It is not so much a question of whether the current situation could have been anticipated and planned for. Rather, the focus is on how companies can now best protect their core processes and increase the resilience of their operations. (more…)
SCM Insights Supply chain resolutions 2022: (3) reduce supplier risks With climate change, weather hazards are becoming more likely. And with this, the risks for supply chain disruptions are increasing, too. Resulting large-scale power outages could bring production facilities at suppliers to a standstill. Or their plants themselves could be damaged by severe weather or forest fires. (more…)
SCM Insights How to ensure a supply chain’s mid- and long-term resilience—including practical examples In the last two posts of my blog series, I focused on taking the first steps in dealing with an acute crisis. So far, I have emphasized the importance of integrating supply chain management and risk management, as well as taking ad-hoc measures to counter the impacts of Covid-19. Now, the next step is to take medium and long-term measures to make supply chains resilient in the long run. (more…)
SCM Insights Supply Chain Risk Management – far more than just getting out of the current crisis The current coronavirus crisis clearly shows how vulnerable and susceptible to disruption supply chains are today. It also shows how important it is to anticipate disruptions of any kind in order to minimize their impact. In this context, supply chain risk management plays a major role. Essentially, it is a matter of finding answers to the following questions:What risks is my supply chain exposed to?How can I identify problems in my supply chain as quickly as possible, catchword early warning system?What do I need to do to minimize loss and to be even stronger in the end?As well as the lessons learnt: Which measures should I implement to ensure that I can effectively respond to any future risks? (more…)
SCM Insights Visibility, Analytics & Intelligence: Get full transparency on your supply chain, not just in times of crisis! Planning, purchasing, logistics and transport management are traditionally separate processes, typically located in different departments. The material planners determine how many parts production requires and order these from the supplier, considering safety stocks. The suppliers operate in their own systems, as does the transport service provider. What, when, in what quantity and at what time is to be delivered usually remains unclear until goods receipt. (more…)
SCM Insights · Technology · Use Cases 3 Use cases how companies benefit from Smart Logistics Data Transport damages to goods, delays in delivery, poor delivery reliability: These are three typical use cases in which Smart Logistics Data helps to identify and counter risks well in advance. (more…)
SCM Insights Why comprehensive data consolidation is the basis for efficient risk management Nowadays, everyone is preaching that data is the new oil. But unlike oil, it’s not (just) the sheer output volume that matters here. What really counts is the efficient use of this data so as to draw the right conclusions in terms of the supply chain reliability. (more…)
SCM Insights · Use Cases Mitigating supply risks: Integrating suppliers and transportation service providers using the SupplyOn notification portal to ensure process reliability When it comes to procurement and logistics, all business enterprises at the global level are faced with similar challenges. Procurement and material supply processes are becoming more complex, yet at the same time inventory costs have to be reduced while improving material handling.In order to achieve effective, sustainable improvements in this environment, precisely coordinated, mutually agreed collaboration between all inbound supply chain partners is an absolute must. You must define and codify processes with your suppliers and transportation service providers to minimize supply chain risks.You should ask yourself the following questions: (more…)
