If I was asked to vote for the most interesting solution set that has come to the fore over the last few years, my vote would be for supply chain risk management solutions. Supply chain risk management solutions are a form of a Multi-echelon Supply Chain Network (MESN) solution. MESN applications derive much of their power from synergies generated by the network they ride on top of. Network-based risk management solutions are one type of MSCSC solution.
AGCO Stayed Nimble During the Pandemic
For AGCO, a public company with over $11 billion in revenues, a supply chain risk management application helped the agricultural equipment manufacturer stay agile during COVID. AGCO’s risk notification and visualization solution came from riskmethods. This solution has a graphical view of the AGCO supply chain across multiple supplier tiers. If a supplier’s continued material flow becomes questionable for a wide range of reasons, the way that supplier’s components flow to various factories and nodes in the supply chain is graphically illustrated and the appropriate commodity managers are automatically notified. In riskmethods risks are elevated using heat bubble maps.
