Supply risk management
There’s a series of good articles on supply risk management over at e-Sourcing Forum. The articles define supply chain risk and a series of strategies for identifying and proactively managing risk. There are three articles:
Supply Risk Management I: An introduction
Supply Risk Management II: Risks and the need for resilience
Supply Risk Management III: Managing risk
These all make sense.
Response Management is a complementary strategy. I find repeatedly that our customers do proactively put such strategies in place. But, they’ve also come to realize that there’s no fail-proof plan. You have to ensure that the organization is armed with the right information and tools to response to the unexpected. Planning is a requirement, but not sufficient to deal with the constant changes prevelant in today’s outsourced manufacturing environments.
