Most purchasers pay too much attention to the price of what they buy but fail to take risks into account. That's a very widespread issue. One solution to this might be developing a supply chain KPI scorecard, to force buyers to report on how risky the supply chain they are building really is. After all, setting up a solid supply chain is an important objective isn't it? This is what we are going to cover here. … [Read more...]
Supply Chain Risk Management, Part 2: The Business Continuity Plan
In this post, let's focus on disaster prevention, and more specifically on the business continuity plan, with a simple example. We will also provide you with a free template. This is the second post in our series of Supply Chain Risk Management, which will come out gradually over the next few months. … [Read more...]
Supply Chain Risk Management, Part 1: What are VUCA and Black Swans?
We seem to be at a pretty low point right now: Billions of people are confined at home. Economists are predicting a disaster and seem to think 2020 will probably be worse than what most of us can remember. The behavior and effects of this novel coronavirus are still partly unknown. It could still mutate and become more dangerous, for example. And, most amazing of all: the situation has been changing dramatically every 1 or 2 weeks. I am starting this new series on supply chain … [Read more...]