No supply chain view in your business strategy. Does your organisation have a strategic business plan that incorporates the supply network? If the answer is no it is not surprising, because few companies have a strategic plan that includes this critical part of the business. The reasons often put forward are: The three elements that should be the core of … Read More
Assess your supply chain risks before taking action
Your assessment of risk. The main difference between uncertainty and risk is that risk can be measured. Once measured, decision makers can assess the importance of one risk against another and if necessary, allocate resources to reduce either the likelihood of the event occurring or the consequences if it does occur. The assessment of a risk is influenced by the … Read More
Placing your supply chain risks into categories helps
Next step in managing risks. In addition to identifying supply chain risks within each classification, discussed in my previous blog, you need to broadly categorise them. This provides a view about the amount of analysis required. There are categories of risk between certainty and ignorance: Certainty: in reality, you rarely meet situations of certainty. The closest could be depositing money in … Read More
Know your client’s supply chains plans for the future
There will be a target to aim for. Thinking forward over 15 years is not so difficult. Remember back to 2000 – it was only 15 years ago. The challenge then was the number of business options about the future to select, rank and plan. In 2015 the ever more likely scenario is that governments of the world will be … Read More
Supply chains are too complex to be managed
Your business can be complex. How would you attempt to manage your supply chains when it is difficult enough to manage your own business? Too many articles and blogs that talk about ‘managing supply chains’ seem to assume that it can be done, but avoid describing how to achieve success. The individual supply chains that make up the supply network … Read More