...Exercise 6 : Supply Chain Risk Management In the organization I am there are currently some steps in place but unfortunately, they are not necessarily adhered to strictly which makes for inconsistencies in the organization Supply Chain process. Step 1 Business Unit Strategic initiative:The strategic initiative implementation plan by the Business Units would identify what is required to keep the Business Units operationally active without disturbance to current operations. This has to be thorough and in line with that of the whole organization. Each Business Unit has a different Process Mapping process because they deal with different goods/services. If the Strategy is not in line with what Supply envisions, Management will be unlikely to move forward with it without changing it to what they see is best. Step 2 Profile supply base for inventory items:For some Business Units in the organization, the products are categorized into inventory depending on inventory cycles which rely on how heavily each item is used. The needs for items are assessed on a semi-annual basis in order to ensure they are in the proper category. This will ensure proper strategy is taken in order to have minimum thresholds at proper levels. KPIs can be created based on these numbers, for sales, revenues, and quality moving forward. Step 3 Assess vulnerability: Identification of associated risk of supply disruption will be setup by the Business Units. The Supply chain risks have to be...
Words: 567 - Pages: 3
...Supply Chain Risk Management Strategy Research Major：Master of Business Administration Name：Fei Nie Supervisor：Zhiyuan Fang, Assistant Professor ABSTRACT As the Information Technology and all kinds of automation technology applied in the industries, the enterprise efficiency had been developed to a comparable high level, inapplicable to Chinese companies. The marginal effect of manufacturing skill to improve the competitiveness had been demised. People are approaching to the supply side and total supply chain of the life-cycle product but not only the internal of the enterprise. Internationally more and more big companies are outsourcing their business but only keeping the core business. Therefore, Supply Chain Management, the safeguard of their core business, is becoming more and more critical. This paper works over the literatures relating to supply chain risk management strategy and the actual situation of Macau’ s medium-sized companies, and surveys the actual strategy deployment by the suppliers via questionnaires. Moreover, the paper brings about the practical feasible and efficient suggestions to promote the hospitality industry to mitigate the supply chain risk, and provide the supporting and backing for our internal hospitality enterprise strategy decision-making in China. The paper draws the following conclusions: First, to make sure the safety of the supply continuity, the mindset of risk should be established inside...
Words: 3828 - Pages: 16
...Assignment Risk Management and the Supply Chain To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/bus-631-week-5-assignment-risk-management-supply-chain/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com BUS 631 Week 5 Assignment Risk Management and the Supply Chain Risk Management and the Supply Chain. Discuss an example of how an unknown-unknown risk proved damaging to a supply chain. You are free to utilize any example and any organization of your choosing. Explain specifically how each of the following might have mitigated this risk: Invest in redundancy Increase velocity in sensing and responding Create an adaptive supply chain community Present your response in the form of a three to four page, APA-style paper. BUS 631 Week 5 Assignment Risk Management and the Supply Chain To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/bus-631-week-5-assignment-risk-management-supply-chain/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com BUS 631 Week 5 Assignment Risk Management and the Supply Chain Risk Management and the Supply Chain. Discuss an example of how an unknown-unknown risk proved damaging to a supply chain. You are free to utilize any example and any organization of your choosing. Explain specifically how each of the following might have mitigated this risk: Invest...
Words: 3426 - Pages: 14
...Assignment Risk Management and the Supply Chain To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/bus-631-week-5-assignment-risk-management-supply-chain/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com BUS 631 Week 5 Assignment Risk Management and the Supply Chain Risk Management and the Supply Chain. Discuss an example of how an unknown-unknown risk proved damaging to a supply chain. You are free to utilize any example and any organization of your choosing. Explain specifically how each of the following might have mitigated this risk: Invest in redundancy Increase velocity in sensing and responding Create an adaptive supply chain community Present your response in the form of a three to four page, APA-style paper. BUS 631 Week 5 Assignment Risk Management and the Supply Chain To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/bus-631-week-5-assignment-risk-management-supply-chain/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com BUS 631 Week 5 Assignment Risk Management and the Supply Chain Risk Management and the Supply Chain. Discuss an example of how an unknown-unknown risk proved damaging to a supply chain. You are free to utilize any example and any organization of your choosing. Explain specifically how each of the following might have mitigated this risk: Invest...
Words: 2604 - Pages: 11
...Cisco Systems, Inc. Supply Chain Risk Management Chuck Munson with María Jesús Sáenz and Elena Revilla Vice President, Publisher: Tim Moore Associate Publisher and Director of Marketing: Amy Neidlinger Executive Editor: Jeanne Glasser Levine Operations Specialist: Jodi Kemper Managing Editor: Kristy Hart Senior Project Editor: Betsy Gratner Compositor: Nonie Ratcliff Manufacturing Buyer: Dan Uhrig © 2014 by Chuck Munson Published by Pearson Education, Inc. Publishing as FT Press Upper Saddle River, New Jersey 07458 FT Press offers excellent discounts on this book when ordered in quantity for bulk purchases or special sales. For more information, please contact U.S. Corporate and Government Sales, 1-800-382-3419, corpsales@pearsontechgroup.com. For sales outside the U.S., please contact International Sales at international@pearsoned.com. Company and product names mentioned herein are the trademarks or registered trademarks of their respective owners. All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher. ISBN-10: 0-13-375744-7 ISBN-13: 978-0-13-375744-6 Pearson Education LTD. Pearson Education Australia PTY, Limited. Pearson Education Singapore, Pte. Ltd. Pearson Education Asia, Ltd. Pearson Education Canada, Ltd. Pearson Educación de Mexico, S.A. de C.V. Pearson Education—Japan Pearson Education Malaysia, Pte. Ltd. Reprinted from The Supply Chain Management Casebook (ISBN: 9780133367232) by...
Words: 4942 - Pages: 20
...2013 Assessing risk factors in collaborative supply chain with the analytic hierarchy process (AHP) Andra Badeaa , Gabriela Prosteana*, Gilles Goncalvesb,c, Hamid Allaouib,c a Politehnica University of Timisoara, Remus 14, Timisoara 300191 Romania b Universite Lille Nord de France, Lille F-59000, France a Universite Artois, LGI2A, Bethune F-62400, France Abstract This paper analyzes supply chain crisis, the main blockage to effective supply chain collaboration. The research question of this article refers to how the two collaboration concepts (vertical and horizontal) in supply chain can be influenced in practice by potential risk factors. This research proposes five alternatives for a good collaboration: Information sharing collaboration, Decision synchronization collaboration, Incentive alignment collaboration, Resource and skill sharing collaboration, Knowledge Management collaboration. After a thorough research and detailed discussions, the authors identified 16 risk factors most present in literature. The research methodology was combined with the application of the analytic hierarchy process (AHP). © 2014 The Authors. Published by Elsevier Ltd. Open access under CC BY-NC-ND license. © 2014 The Authors. Published by Elsevier Ltd. Selection and peer-review under responsibility ofof SIM 2013/12thInternational Symposium inin Management. Selection and peer-review under responsibility SIM 2013 / 12th International Symposium Management. Keywords: collaborative...
Words: 5093 - Pages: 21
...Put Sales at Risk” Why all partners must carry consequences for the associated risk within the Supply Chain Author: Mathijs Cornelis van Itterzon What are the consequences of a tsunami in Japan, with respect to the price of Apple stocks? If we ask a regular person this question, one may answer that it doesn’t have that much influence at all. Mainly because people have never heard of the company ShinEtsu, which is responsible for manufacturing thin silicon wafers for Apples products (Der Spiegel, 2011). What many people do not know is that when this Japanese manufacturer has been overwhelmed by a natural disaster risk of stock-out may appear and may harm other partners within the supply chain. One of the major customers is Foxconn in Taiwan which manufacturers Apple’s iPhone and iPad. Still we rely that Apple controls their supply chain well in order to produce sufficient iPhones for the market. Taiwan’s Foxconn is able to produce the iPhones and iPad due to the efficient and ‘justin-time’ delivery from the Japanese manufacturer. Natural disasters like the tsunami in Japan may disrupt the continuity in the supply chain with all the associated consequences. Risk management and mitigation strategies are suitable solutions, which may prevent a supply chain breakdown because one will get insight in high-risk situations, such as the situation in Japan and hence consider how to reduce the associated consequences (Chopra & Sodhi, Managing Risk to Avoid Supply Chain Breakdown, 2004)...
Words: 2172 - Pages: 9
...Causeway’s Supply Chain Management (SCM) solutions provide companies in construction with the software and services to maximise profit margins throughout the entire tendering process. From estimating to procurement and beyond, our products provide an innovative and integrated approach to reducing risk, managing cost and ensuring compliance – all of which contribute to increased profitability. Estimating Causeway Estimating will help produce accurate bids, fast. Unlike other estimating systems which are nothing more than standalone pricing tools, Causeway provides estimating as part of an integrated supply chain management suite. Using Causeway Estimating will help your business log, assess and properly evaluate bid risks. It will improve your quality bid by demonstrating that you are serious about rationalising your supply chain to deliver best value and continuous improvement to your clients. Causeway Estimating will cut traditional tender enquiry costs by up to 50%. Sophisticated pricing tools will ensure consistent calculations, eliminate errors and significantly improve tender throughput, all resulting in improved tender win rate. Enquiry alerts Industry estimates the cost of issuing enquiry packages to subcontractors at between £50 and £100 each, with a quarter never being returned. The wastage associated with the tender phase of a construction project can be significant but in many cases is simply written off as an...
Words: 7413 - Pages: 30
...Aligning Supply Chain Strategies with Product Uncertainties Hau L. Lee upply chain management has emerged as one of the major areas for companies to gain a competitive edge. Managing supply chains effectively is a complex and challenging task, due to the current business trends of expanding product variety, short product life cycle, increasing outsourcing, globalization of businesses, and continuous advances in information technology. The Internet has contributed to both the increasing needs and opportunities for improved supply chain management. With the Internet, companies in a supply chain can be connected in real time with information and knowledge shared continuously, new products and services can be designed to fit special market segments, and new supply chain structures can be developed to serve customers in a more direct manner. S When a company faces the pressure of excessive inventory, degraded customer service, escalating costs and declining profits, or a poor return on assets, its supply chain is out of control. On the other hand, when a company moves in to new markets or new technologies, it must have its supply chain prepared for the new business challenges and opportunities. Although there are many new supply chain concepts and fads designed to exploit the advantages of the Internet, successful companies understand that the right supply chain strategy is dependent on a number of factors: ▪ The strategy needs to be tailored to meet specific...
Words: 5706 - Pages: 23
...Inventory Management Assignment 1, Question:- Recent events in the global scene have had a significant impact on supply chains especially JIT operations. Discuss what these events are and their impact on the role of warehousing in the supply chain. JIT or Just-In-Time has been defined as an inventory control whereby is to maintain or control just right quantity materials in just right place at the just right time for the just right amount of products or manufacturing (Lee White, 1985). JIT concept was originated in Japan in the 1950s when the Toyato Motor Company developed a system known as “Kanban” to meet customer demand for various models with minimum delivery delays. When we talk about JIT we cannot run away from warehousing as warehousing is part of a supply chain logistic network. Warehousing is used for store or house of inventory for all stages of a supply chain JIT is a demand pull system in which manufacturing planning begins with the final assembly line and works backwards, not only through the various manufacturing processes, but also to the vendors and subcontractors supplying materials and components. Therefore two things must happen in order for JIT to work: ➢ All parts/materials/components must arrive where they are needed, when they are needed and in the exact quantity needed ➢ All parts/materials/components that arrive must be usable parts Hence any natural disasters occurred it will certainly affect the impact on supply chains especially...
Words: 2724 - Pages: 11
...that is composed of manufacturers, supply chain partners, distributors and financiers who try to stay financially independent but work closely with each to ensure each other’s success. In Japanese, the word keiretsu means “group.” In business sense, the word is sometimes used as another word for partnership or alliance. Using this strategy will help your company by assisting in establishing stable, long-term partnerships, which in turn will help them to focus on core business requirements needed to assist with maintaining your products and production in several different aspects. Because the product that is being developed here is an intricate electronic device, there will be several partnerships that we will develop over time such as parts distributors and other components of our products (http://www.investopedia.com /terms/k/keiretsu.asp#axzz2IwCjpAVn). Using this strategy will also help us with the management of our finances through assistance with other departments and entities that specialize with financing. Even though this strategy is meant to sustain stability, this same stability can sometimes become an issue and cause problems with us being the manufacturer by not responding quickly to changes in the economy, culture or technology. Typically companies using this strategy organize around their own trading companies and banks. Each company using the keiretsu strategy is capable of controlling nearly every step of the economic chain in a variety of industrial, resource...
Words: 6539 - Pages: 27
...Types of Supply Chain Risk 09.05.2016, 15:22 Print REFERENCE THIS 3,061 Words 7 Pages CHAPTERS LINE SPACING Types of Supply Chain Risk Types of Supply Chain Risk Introduction There have been many different definitions of supply chain risk, but it can be broadly defined as "the variation in the distribution of possible supply chain outcomes, their likelihood, and their subjective values" (March & Shapira, 1987, p. 1404). However, this definition has since been expanded upon to account for all the different departments and functions that operate within a supply chain. This leads to an overall definition of supply chain risk as "any risks for the information, material and product flows from original supplier to the delivery of the final product for the end user" (Juttner, et al., 2003, p. 202). Simply put, supply chain risk refers to the probability of a risk event occurring the supply line and when the product goes on sale. Furthermore, risk sources are the predominant causes of risk events, which are "the environmental, organisational or supply-chain variables which cannot be predicted with certainty and which impact on the supply chain outcome variables" (Juttner, et al., 2003). Identifying Supply Chain Risk There are a variety different approaches that a company can take in order to identify risk in their supply chain. Steele and Court (1996) proposed a conceptual framework for identifying the potential risk in an organisations supply chain. This...
Words: 2774 - Pages: 12
...issue and full text archive of this journal is available at www.emeraldinsight.com/0144-3577.htm Supply chain risk management and performance A guiding framework for future development Bob Ritchie Lancashire Business School, University of Central Lancashire, Preston, Lancashire, UK, and Supply chain risk management and performance 303 Clare Brindley Head of Department, Lancashire Business School, University of Central Lancashire, Preston, Lancashire, UK Abstract Purpose – The purpose of this paper is to examine the constructs underpinning risk management and explores its application in the supply chain context through the development of a framework. The constructs of performance and risk are matched together to provide new perspectives for researchers and practitioners. Design/methodology/approach – The conceptual and empirical work in the supply chain management field and other related fields is employed to develop a conceptual framework of supply chain risk management (SCRM). Risk in the supply chain is explored in terms of risk/performance sources, drivers, consequences and management responses, including initial approaches to categorization within these. Two empirical cases are used to illustrate the application of the framework. Findings – A new framework is presented that helps to integrate the dimensions of risk and performance in supply chains and provide a categorisation of risk drivers. Research limitations/implications – SCRM is at an early stage of evolution. The paper...
Words: 9155 - Pages: 37
...Supply Chain Management Name Course Date Supply Chain Management Supply chain management is the supervision of goods and services till they reach the target customers or market. Companies should have supply chains which are efficient, responsive to the needs of clients, agile and risk hedging. Firms and other business entities need to put in place mechanisms that ensure incentives are aligned in the supply chain as expected so that the costs, incurred risks and rewards of carrying out business are distributed equitably across the network. Misalignment of the incentives affects a company ability to control its supply chain resulting in excess inventory, high operational costs with reduced profits and a weak return on assets (Narayanan & Raman, 2004). A company needs to devise strategies which will enhance the supply process of its products till they reach the desired market or customers. One of the methods to be used is the framework of uncertainty which elaborates on the demand and supply uncertainty faced by a product. Fisher introduces the aligning of supply chain strategies at the right level of demand. The demand uncertainty deals with the approximation of the demand for a good and, therefore, the deployment of different supply chains based on the need. Functional products such as basic clothing, food, oil and gas and household consumable items tend to have extended product life and consistent demand, need for a more mature and stable supply process (Narayanan &...
Words: 943 - Pages: 4
...achieve a holistic global supply chain. By giving access to their operating system to both suppliers and customers, the company was able to reduce inventory and lead times to corner the market. In the following analysis, I will explain how the company used visibility to ensure an effective and efficient global supply chain, review the risks associated with real time demand systems, describe categories of regulatory and legal requirements for ensuring compliance in a global supply chain, describe implications of the Foreign Corrupt Practices Act in global operations, assess strategies for ensuring adherence to ethical labor practices, analyze the use of supply chain visibility to ensure equal treatment of partners, and evaluate the role of ethics and regulations in an effective and efficient supply chain. Seagate’s use of visibility to ensure an effective and efficient global operations and supply chain process Seagate characterized it supply chain as a real time demand forecasting process by removing the lag time between supply chain lead time and customer acknowledgement. Seagate has many customers all around the globe, at the same time there are customer as well have different locations within the same firm where the products have to be shipped. Seagate manages with a real time/just in time supply chain process, removing the inventory holding and carrying cost associated with a forecasting system. They have managed to arrange a holistic supply chain model on the base of...
Words: 1044 - Pages: 5
