Archive for Supply Chain Risk Management – Page 3

Turkeys, Forecasting, and Supply Chain Risk Management

Gob was a self-educated turkey. He studied statistics for fun. His quarters were a bit tight at the farm, but the upside was that for 140 days straight he had been fed a nice grain meal. And as he got older, the meals got bigger. Based on this history and his statistical models, Gob had very high expectations of receiving another nice meal tomorrow from Farmer Joe, who obviously had nothing but his best interests […]

Read More →

What’s New in Supply Chain Risk Management Software?

Supply chain risk management solutions must encompass process, content, and connectivity. Even before the economic downturn, large enterprise software vendors like SAP and Oracle had begun to introduce Governance, Risk, and Compliance (GRC) solutions in response to a growing customer requirement: the ability to respond to risks more efficiently. Initially, these solutions were largely process based—i.e., they created process flows for dealing with specific compliance requirements. Companies would define tasks that needed to be completed […]

Read More →

Oversight Failures Increase Supply Chain Risks

Supply chain managers often bemoan increasing regulation, and how new regulations or overly stringent oversight increases supply chain costs and makes their day-to-day jobs more complex. But as we have seen in the news recently, failures in government oversight can increase our supply chain risks.  The oil spill in the Gulf of Mexico is currently not affecting the Port of New Orleans or traffic on the Mississippi river, but the Coast Guard is monitoring the […]

Read More →

Volcano Disrupts European Supply Chains

I’ve been waiting to hear how supply chains have been disrupted by the Icelandic volcano that is spewing massive amounts of ash into the atmosphere. For those of you have been in a cave over the past week or so, it turns out that the ash makes it dangerous to fly. As a result, most airports in Europe have been closed for several days and air cargo has been grounded. Only in the past few […]

Read More →

Cash for Clunkers: In Praise of Honda’s Supply Chain

Last Friday, President Obama signed into law a $2 billion extension to the “Cash for Clunkers” program, after the initial $1 billion in funding was consumed in the program’s first week.  The Consumer Assistance to Recycle and Save (CARS) program, the official name of this legislation, offers consumers up to $4,500 to trade in gas guzzlers for new cars or trucks with better fuel efficiency. There are valid reasons to both support and oppose this […]

Read More →

SaaS TMS and Supply Chain Risk Management

My colleague Adrian Gonzalez and I are both fans of network-centric, software-as-a-service (SaaS) transportation management systems (TMS).  We see advantages in terms of on-boarding carriers and other trading partners, data quality management, and the potential for benchmarking (see “More Questions About Software-as-a-Service“).  But as I think more about Duncan Watts’ “Too Complex to Exist” article (which I highlighted in “‘Power Curves’ and Supply Chain Risk Management“), I see a potential downside to SaaS that I […]

Read More →

‘Power Curves’ and Supply Chain Risk Management

A colleague sent me an article from McKinsey called ‘Power Curves’: What natural and economic disasters have in common by Michele Zanini.  Coincidently, I read a different article that made similar points (“Too Complex to Exist” by Duncan Watts, the chief scientist at Yahoo! Research).  I found both articles interesting because they explain to senior executives why risk management is still important, even if this recession is winding down, and why it needs to be […]

Read More →

Integrating Strategic and Supply Chain Planning at Emerson

I am doing some research on “Supply Chain Management in Times of Turbulence” and one of my premises is that firms with a robust strategic planning process are better equipped to deal with large, unexpected events, like the current global recession.  What does a robust strategic planning process look like?  How does strategic planning integrate with supply chain planning processes?   In an attempt to answer these questions, I called my contacts at Emerson Process Management, […]

Read More →

The Reset Economy

“This economic crisis doesn’t represent a cycle.  It represents a reset,” according to Jeff Immelt, the CEO of General Electric.  “It’s an emotional, social, economic reset,” which will lead to greater government involvement in the economy and business affairs. For Steve Ballmer, the CEO of Microsoft, the problem with the economy is that it grew for 25 years on unrealistically cheap debt and that era is now over.  “I think that expansion was built on […]

Read More →

Supply Chain Risk Management and Brussels Sprouts

A few weeks ago, my colleague Adrian Gonzalez wrote a posting titled “Supply Chain Risk Management Gains Importance.”  In it, he cites a Financial Times article that discusses how interest in enterprise risk management has increased over the past two years.  I’m not sure I agree with that finding, at least when it comes to supply chain executives.  Risk management may be more important today for executives in finance, legal affairs, or regulatory compliance, but […]

Read More →