Tooltip Categories: Terminology

Supply Chain Vulnerability

The susceptibility of an end-to-end supply chain towards the harm of a particular supply chain disruption.

The Power of Resilience (Book)

The Power of Resilience was written by Dr. Yossi Sheffi and published in 2015. The Power of Resilience focuses on deep-tier risks, corporate responsibility, cybersecurity, long-term disruptions, business continuity planning, emergency operations centers, detection, and systemic disruptions. In the book, Dr. Sheffi shows how Supply Chain Risk Management is a balancing act between taking on… Read more »

The Resilient Enterprise (Book)

The Resilient Enterprise was written by Dr. Yossi Sheffi and published in 2005. In The Resilient Enterprise, Dr. Sheffi makes the case for corporate resilience, asserting that resilience investments can be turned into competitive advantage. Through numerous case studies and stories, Dr. Sheffi explores high-impact/low-probability disruptions and the tools for companies to reduce the vulnerability… Read more »

Time-to-Recovery (TTR)

Time-to-Recovery is the gap in time between when a disruptive event happens and when the company can restart normal production. It signifies the time for a supply chain tier to fully recover after a particular disruption. TTR includes: the duration of recovery efforts to restart production and delieveries at the disrupted supplier; the time taken… Read more »

Upstream

Upstream is the direction in a supply chain opposite to the flow of materials. The furthest upstream point of a supply chain is the collection of raw materials and sourcing, whilst the furthest point downstream in a supply chain is the customer.

Value-at-Risk (VAR)

A category of risk metrics that describe, in terms of probability, the market risk of a trading portfolio over a given period of time. Rather than an expected value of loss, VaR is a conditional estimate of loss. Widely used by banks, securities firms and commodities merchants, VAR can also be used to evaluate and… Read more »

Supply Chain Disruption

Supply Chain Disruptions are events or actions at any level of a company’s internal or external supply chain that cause business interruptions affecting production, manufacturing, shipping or inventory.

Supply Chain Management (SCM) Business Process Outsourcing (BPO)

SCM BPO is the strategic outsourcing of one or more supply chain processes to an external service provider. The scope of SCM BPO includes supply chain planning (SCP) and analytics, direct material sourcing and procurement, manufacturing management, and logistics management.

Supply Chain Network Design

Supply chain network design is an operational practice that relies on risk evaluation and mitigation at the network level, focusing on: Node locations Transportation routes Capacity thresholds Number of suppliers