Supplychainer has an article talking about new AMR research predicting spending increases on operational and supply chain risk management solutions. According to the article, the study found that 46% of firms plan to implement or evaluate technology for risk management in the next 12 to 24 months.

I think like many things in the supply chain, there are risks that you can plan for and there are those that you can’t. Having a solid Response Management strategy and solution that helps you deal with unexpected change throughout an extended supply chain is a critical component to a risk management strategy. Many companies that have deployed Response Management solutions have found that their ability to deal with unexpected risk is substantially improved, and they can leverage the simulation and analysis capabilities of Response Management tools to determine the appropriate risk management plans to put in place as well.

I know one company that simulated the impact of a potential strike and then used their Response Management solution to also simulate various action alternatives to continue to operate if the strike actually took place.

This entry was posted on Thursday, January 4th, 2007 at 9:29 am and is filed under Best practices. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.