(See: Supply Chain Visibility)
Tooltip Categories: Terminology
Supply Chain Risk Management (SCRM) is a growing business discipline for global businesses with multi-tier supply chains to anticipate, prevent, protect, mitigate respond to and recover from undesirable and disruptive events. It is the practice of managing the risk of any factor or event that can materially disrupt a supply chain whether within a single… Read more »
Supply Chain Variability is an inherent risk to supply chains characterized by variations in supply and demand that can negatively impact a business’s supply chain. Examples of supply chain variability may include: Changes in consumers’ tastes Changes to product portfolios Differences in manufacturing, transportation and distribution lead times Changes in procurement processes Imbalances in parts… Read more »
Supply Chain Visibility is the ability for a company?s leadership to look into their suppliers’ global footprint, site locations, sub-contractor and sub-tier dependencies, site activities, part origins, alternate sites, recovery times, emergency contacts, and business continuity planning information. Allows the profiling of suppliers and how they are connected at the first, second and third tiers…. Read more »
Supply Chain Volatility refers to the inherent instability of key business parameters that modern supply chains are forced to adapt to on a regular basis. Using the coefficient of variation (CoV) as a scale-free measurement of volatility, supply chain practitioners can measure the ups and downs of a supply chain in tandem with shifts in… Read more »
The susceptibility of an end-to-end supply chain towards the harm of a particular supply chain disruption.
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 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 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 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.