Managing the risk in the supply chain - Managing supply chain risk
4 important questions on Managing the risk in the supply chain - Managing supply chain risk
Explain the supply chain risk management process
- Understand the supply chain
- Improve the supply chain
- Identify the critical paths (nodes and links)
- Manage the critical paths
- Improve network visibility
- Establish a supply chain continuity team
- Work with suppliers and customers to improve supply chain risk management procedures
What are the characteristics of a critical path?
- Long lead-time
- Single source of supply without short-term alternative
- Dependence of specific infrastructure
- A high degree of concentration amongst suppliers and customers
- Bottlenecks
- High levels of identifiable risks
Where FMEA stand for and what is it?
FMEA is a tool to identify where in a complex system attention should be focused to reduce risk of failure
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Where does RFID stand for and what is it?
Is a form of track and trace with active and passive tags.
Active tags transmit information to receiving stations
Passive tags are read by scanners
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