Skip to content
Resilic Logo
  • Solutions
        • Solutions

          • EventWatchAI
          • RiskShield
          • Multi-Tier Mapping
          • CommodityWatchAI
          • Supplier Assessment Library
        • Data Marketplace

          • Autonomous AI Mapping
          • Resilinc Disruption Vulnerability Index
          • R Score
          • Supplier Screening
          • Application Programming Interface (API)
        • Services

          • Advisory Services
          • Data and Intelligence Services
        • Elevate your Supply Chain Risk and Resiliency Program

          Schedule Demo
  • Use Cases
        • By Industry

          • Aerospace, Defense, Government
          • Automotive and Industrial
          • Healthcare & Life Sciences
          • High-Tech & Semiconductor
        • By Role

          • Supply Chain Risk & Resiliency Program Managers
        • By Business Need

          • Business Continuity Planning
          • Uyghur Forced Labor Prevention Act (UFLPA)
        • Elevate your Supply Chain Risk and Resiliency Program

          Schedule Demo
  • Resources
        • Learning Center

          • Blog
          • Case Studies
          • Event
          • On Demand Webinars
          • White Paper & Reports
        • Connect

          • Schedule Demo
          • Request Pricing
        • Special Reports

        • Special Report
        • Find valuable resources for managing supply chain disruptions in our Special Reports section.

        • Elevate your Supply Chain Risk and Resiliency Program

          Schedule Demo
  • Company
          • About Resilinc
          • Partners
          • Careers
          • Resilinc In the News
          • Press Releases
          • The Risk Game
        • Elevate your Supply Chain Risk and Resiliency Program

          Schedule Demo
  • Pricing
  • Contact
Login
Schedule Demo
Resilic Logo
  • Solutions
    • Solutions
      • EventWatchAI
      • RiskShield
      • Multi-Tier Mapping
      • CommodityWatchAI
      • Supplier Assessment Library
    • Data Marketplace
      • Autonomous AI Mapping
      • Resilinc Disruption Vulnerability Index
      • R Score
      • Supplier Screening
      • Application Programming Interface (API)
    • Services
      • Advisory Services
      • Data and Intelligence Services
  • Use Cases
    • By Industry
      • Aerospace, Defense, Government
      • Automotive & Industrial
      • Healthcare & Life Sciences
      • High-Tech & Semiconductor
    • By Role
      • Supply Chain Risk & Resiliency Program Managers
    • By Business Need
      • Business Continuity Planning
      • Uyghur Forced Labour Prevention Act (UFLPA)
  • Resources
    • Learning Center
      • Blog
      • Case Studies
      • Events
      • On Demand Webinars
      • White Papers & Reports
    • Connect
      • Schedule Demo
      • Request Pricing
    • Special Reports
  • Company
    • About Resilinc
    • Partners
    • Careers
    • Resilinc In the News
    • Press Releases
    • The Risk Game
  • Pricing
  • Contact
  • Login
  • Schedule Demo
Menu
  • Solutions
    • Solutions
      • EventWatchAI
      • RiskShield
      • Multi-Tier Mapping
      • CommodityWatchAI
      • Supplier Assessment Library
    • Data Marketplace
      • Autonomous AI Mapping
      • Resilinc Disruption Vulnerability Index
      • R Score
      • Supplier Screening
      • Application Programming Interface (API)
    • Services
      • Advisory Services
      • Data and Intelligence Services
  • Use Cases
    • By Industry
      • Aerospace, Defense, Government
      • Automotive & Industrial
      • Healthcare & Life Sciences
      • High-Tech & Semiconductor
    • By Role
      • Supply Chain Risk & Resiliency Program Managers
    • By Business Need
      • Business Continuity Planning
      • Uyghur Forced Labour Prevention Act (UFLPA)
  • Resources
    • Learning Center
      • Blog
      • Case Studies
      • Events
      • On Demand Webinars
      • White Papers & Reports
    • Connect
      • Schedule Demo
      • Request Pricing
    • Special Reports
  • Company
    • About Resilinc
    • Partners
    • Careers
    • Resilinc In the News
    • Press Releases
    • The Risk Game
  • Pricing
  • Contact
  • Login
  • Schedule Demo
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
      • Business Continuity Planning
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Data Products and Offerings
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub

Home / Blogs / The Art and Science of Proactive Supply Chain Risk Management

brain art science

The Art and Science of Proactive Supply Chain Risk Management

Feb 13, 2015

Jennifer Baljko

Uncategorized

With January’s goal-setting conversations behind you, you’re probably now taking a hard look at your 2015 game plan. A big question hangs over your head: How you can realistically manage existing and potential risks while running an efficient supply chain operation?

You’re far from alone in questioning this. If the latest Allianz Risk Barometer is any indication of what’s worrying many people, companies will be busy this year finding ways to best protect their companies while optimizing their supply chains. Business interruption and supply chain risks, natural catastrophes, and fire and explosions top the firm’s 2015 list of business risks, and companies, risk managers, and corporate insurance experts worldwide will be spending loads of time identifying strategies for handling these issues.

A likely response from many companies will be to manage supply chain risk mitigation and supply chain resilience as altogether different beasts. Internal groups will continue to operate in separate silos without realizing how interdependent their activities are or how significantly their everyday practices impact corporate revenue and profit.

Other companies will encourage risk managers and supply chain executives to work together, at least superficially. They may share high-level information about suppliers, monitor some high-level supply chain disruptions, and update their business continuity plans.

While the latter scenario may produce positive results initially, it keeps companies in a relatively reactive position, responding when something occurs and when it’s too late to change course.

I offer a new challenge: for your company to develop a longer-lasting approach that generates greater value, keeps you in control when things go awry, and gives you a competitive advantage when executing emergency or business continuity plans. It involves balancing the art and science of proactive risk mitigation with comprehensive supply chain visibility and supply chain mapping, real-time disruption monitoring, and automatic operational support when an event occurs.

Embedding Risk Mitigation Into Supply Chain Operations

This isn’t pie-in-the-sky talk. Resilinc sees it happening at companies across the automotive, high tech, and pharmaceutical industries.

The secret is that proactively managing and mitigating risks is as much art as it is science. Companies that do this best have figured out where the balance lies between both aspects, and have learned how to integrate them into their operations so they can make better decisions faster.

The art of supply chain risk management may already intuitively reside within your supply chain team. They deal with suppliers all the time and have a good sense of where trouble spots could possibly emerge, at least among the core, top-tier partners. They also have a knack for recalling and gathering product and part information that could impact near-term manufacturing plans and revenue objectives.

Companies typically experience risk management shortfalls on what we consider the sciences side, namely IT-related sciences. Companies frequently lack a centralized, easy-to-access platform containing multiple-tiers of supplier information. They have no adequate way of visualizing or supply chain mapping their entire end-to-end supply chain down to a company, product, or part level, and no reliable way of calculating what the revenue impact will be if a part suddenly becomes unavailable. Moreover, they don’t have the business analytics tools to run through “what-if” planning scenarios or define risk thresholds the company can financially endure during a supply chain disruption.

From a best practices standpoint, companies that take an operational approach to risk management and blend the art and science aspects tend to fare better in the face of supply chain crisis and maintain an advantage over competitors who were unable to respond quickly.

We know several companies that are doing this today, and their executives will share some of their key learnings at a full-day event at the end of this month.

So the asset you 2015 game plan in motion, consider how proactive supply chain risk mitigation could not only be part of the broader solution but a key part of driving operational excellence.


Are you ready to make your supply chain more responsive to a growing number of potential risks?

Join our panel discussion and learn how executives from Amgen, Cisco Systems, and  NetApp have developed proactive risk management and mitigation strategies and made them operational cornerstones.

Register here for the Global Supply Chain Resiliency Council’s 2015 kick-off event.

When: February 25, 2015
Where: Hyatt Regency Santa Clara
5101 Great America Parkway
Santa Clara, CA 95054
Resilinc Annual Report 2022 - Turbulence

White Paper

Cutting-edge Insights from Resilinc's Annual Report 2022

Be Prepared with the Latest Trends and Exclusive EventWatchAI Data to Step Up Your SCRM

Download Now

Recent Posts

Q&A with 2023 Women in Supply Chain Winner Beth Cook

As the DSCSA Compliance Date Nears, are Pharmaceutical Supply Chains Ready?

Top 5 Aerospace Industry Supply Chain Disruptions of 2023

Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

China’s Export Restrictions on Germanium and Gallium  

4 Ways to Develop a Demand-Responsive Supply Chain

Top 10 Supply Chain Disruptions: 2023 Midyear Recap

The EU Deforestation Regulation (EUDR): What You Need to Know

About Resilinc

We’re the world’s leading supply chain monitoring, mapping, and resiliency solution. Over 100k organizations partner with us to take their SCRM programs from reactive to resilient.
Request Demo

Recent Blogs

Loading...
Q&A with Resilinc's Beth Cook 2023 Women in Supply Chain Winner
Sep 19, 2023
5 MIN READ
Resilinc Editorial Team

Q&A with 2023 Women in Supply Chain W...

Supply & Demand Chain Executive just announced the Women in Supply Chain award winners—and Resilinc’s...
Customer success, Supply chain management
A variety of colorful pharmaceuticals.
Sep 12, 2023
3 MIN READ
Resilinc Editorial Team

As the DSCSA Compliance Date Nears, a...

Supply chain shortages have led to frustration at the pharmacy counter for many this year....
Healthcare, Human Health, Supply Chain Resilience
A picture of an airplane flying through a storm.
Sep 05, 2023
5 MIN READ
Resilinc Editorial Team

Top 5 Aerospace Industry Supply Chain...

The aerospace industry has recently seen increased demand for air travel, gradually returning to pre-pandemic...
Aerospace, Eventwatch
Read All Blogs

Who's in your supply chain?

Better visibility starts now

Email Now|Call Now|Chat Now

Receive our monthly NewsWatch digest

Subscribe
Resilinc Logo

Most Trusted, Cognitive Supply Chain Risk Management Platform

Solutions

Blog

Careers

Company

  • About
  • News
  • Events
  • About
  • News
  • Events

Resources

  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars

Follows Us

Facebook-f Twitter Linkedin

Sales: [email protected]
Support: [email protected]
Partnerships: [email protected]

Resilinc Logo

Most Trusted, Cognitive Supply Chain Risk Management Platform

Company

  • About
  • News
  • Events
  • About
  • News
  • Events

Resources

  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • Solutions
  • Blog
  • Careers
  • Solutions
  • Blog
  • Careers

Follows Us

Facebook-f Twitter Linkedin

Sales: [email protected]
Support: [email protected]
Partnerships: [email protected]

© 2023 Resilinc Corporation. All rights reserved.

Data Security

Privacy Policy

Can Reshoring Stabilize the Semiconductor Supply Chain?

Learn more in our in-depth report about disruptions impacting reshoring growth, the semiconductor workforce gap, and actionable risk mitigation strategies.

           Download Now