(See: Supply Chain Visibility)
Tooltip Categories: Terminology
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 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.
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 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
Supply Chain Network Mapping is a process to create an end-to-end map that yields the connections, relationships, and dependencies between internal manufacturing and partner supplier sites. It is a critical factor in acheiving supply chain visibility by identifying the multiple sub-tiers of an end-to-end supply chain. Supply chain network mapping should document the factors that… Read more »
Supply Chain Resilience, or Supply Chain resiliency Management (SCrM), refers to the capability of a supply chain network and individual suppliers to recover quickly and cost-effectively from an event with minimal to no impact to the normal flow of supplies.
Supply Chain Risk is the likelihood and consequence of an event, at any point in the end-to-end supply chain, to disrupt the normal flow of supplies and/or result in negative impacts to downstream channel product flows and supporting infrastructure and services. Supply chain risks can manifest in an innumerable amount of ways; however, for practical… Read more »
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 »