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Ensuring Sustainability And Profitability Through Effective Risk Management In Increasingly Fragmented Supply Chain Networks
Tags :
Risk Management, Scenario Planning, Supply Chain, Logistics, Retail India, Retail Chains, Retail Industry, Retail Market, Retailing, Retail
Industry :
Retail Chain/Logistics, FMCG/Foods/Beverage
Functional Area : Consumer Sales, Logistics & Supply Chain |
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About "Ensuring Sustainability And Profitability Through Effective Risk Management In Increasingly Fragmented Supply Chain Networks" topic:
Today the supply chain is more complex and more global than ever. Fragmentation of networks is playing havoc with the visibility and control that organisations have with their supply and logistics operations. So how to implement an extensive risk management strategy that can safeguard your supply chain from the impact of disruptions like factory fire, unstable labour relations, customs delays and unexpected demand surges. So how to Develop effective scenario planning to reduce or cope with potential disasters and ensure that you don’t lose revenue to preventable situations, and how will one Identify the key software that will assist in accurately modelling the effects of disruption and build and compare, scenarios to cut the threat of revenue loss, and implementing seamless end to end visibility in your supply chain to identify areas of weakness and plan recovery procedures that will minimise the impact of a disruption and keep you in business. Do share your thoughts on this.
1 trends
, 3 insight
, 3 debates
, 2 question
on topic: "Ensuring Sustainability And Profitability Through Effective Risk Management In Increasingly Fragmented Supply Chain Networks"
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There are seven steps to achieve a successful supply chain. These are; Understand and Communicate: In this we study the business at six different levels. These are Level I: Business As Usual Organizational elements pursuing self interests Level II: Link Excellence The starting point of Supply Chain Excellence Level III: Visibility The next step in establishing a visible presence with other supply chain links Level IV: Collaboration Using visibility to do the work smarter and meet marketplace demands Level V: Synthesis A continuous improvement process to harness the energy of change Level VI: Velocity The ideal state of synthesis with speed. Faster! Faster! Benchmarking and Best Practices: T...
Insight: "How to Achieve a Successful Supply Chain" deleted from your view.
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Fast moving consumer goods!, as the name suggest they move fast out of your shelves and needs to be stocked again, in the speed it moves away from the shelves Hence supply chain is the heart of fmcg goods and, if at all your scm lets you down you should be ready to manage the disruption. are you ready for the game? When it comes to global supply chains, the potential for disruption comes in many forms, from large-scale natural disasters and terrorist attacks to plant manufacturing fires, wide-spread electrical blackouts, and operational challenges such as shipping ports too small to handle the flow of goods coming into a country. Disruptions in supply chain are inevitable, but we shou...
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Ajay surya Kongara
| Commented
| 2 years ago
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1)JIT and ERP are the best techniques for the FMCG to improve Supply chain.I can agree, it is very difficult to Bring all the products under JIT practices. 2) If we impliment best Software solutions like SAP or Xelus , we can reduce Inventory...
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Insight: "Are you ready to manage the risk of supply chain disruption?" deleted from your view.
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The globalization of the supply chain and emerging sensory technologies (such as RFID) are transforming the supply chain. The results of recent research by IBM shows that organisations are increasingly moving away from ‘static’ supply chains to dynamic and responsive, ‘on demand’ ones. Following are the reasons for the same; Customers becoming ever more demanding. Product lifecycles shrinking dramatically Supply chains becoming increasingly more global and complex Companies dramatically increasing their use of global sourcing partners Product quality is a given - not a source of competitive advantage. RFID has a key role to play in enabling delivery on most of the above and, judging by its ...
Insight: "RFID- transforming the supply chain in retail" deleted from your view.
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How Can Your Company Build an Excellent Supply Chain? Let Us Count the Ways... Companies in almost every industry are increasingly turning to supply chain excellence as a critical aspect of competitive strategy, and they are focusing on how to maximize the effectiveness of their supply chain networks to deliver business results. According to Mr. Singh, At Future Logistics, we believe that the biggest driver in consumer logistics will be the need for zero defect. While infrastructure, technology, automation, processes and people will all play an important role, zero-defect can only be achieved through vertical integration across the entire supply chain -- from raw material supply, production...
Trends: "How Can Your Company Build an Excellent Supply Chain? Let Us Count the Ways..." deleted from your view.
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SHRIKANT MANOHAR DANKE
| Answered
| 1 year ago
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It's call updating to be with current trend/time.
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SUMEET DIKSHIT
| Answered
| 1 year ago
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It will be great if you can post an article on these standards and real life performance indicators,results.
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Sanjit Biswas
| Answered
| 3 years ago
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Hi Subhrajit , change is always required for progress. ISO 9001:2008 introduces clarifications to the existing requirements of ISO 9001:2000 and there are some changes intended to improve consistency with ISO 14001:2004 which deals with the...
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Answer: "Why the change from ISO 9001:2000 to ISO 9001:2008 ?" deleted from your view.
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Debate: "Qn I understand is "" Why outsourcing cannot be stopped". The reason is the THINKING of present " deleted from your view.
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Yes
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14
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1
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No
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kakumanu
| Argues in support of
"Yes"
| 1 year ago
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forcasting is most important factor that will make or break the supply chain.
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Sudhansu Jena
| Argues in support of
"No"
| 3 years ago
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well.. forecasting is just an eye wash, who would have known an year back that global economy would crash down so fast... the same applies to this also
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Arthur Wicker
| Argues in support of
"Yes"
| 2 years ago
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It is one of the basics, the better the forecast,the lower the cost due to variations. However, we all know that a perfect forecast does not exist, and at some point unpredictable variables will weigh more than any additional accuracy from...
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Debate: "Is forecasting very important in supply chain management?" deleted from your view.
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Hi i need a suggestion from everyone from retail sector..I have done MBA Marketing, if i will do Certificate in Retail Management from IIM then it will be beneficial for me or not ?
Answer: "Certificate in Retail Management, IIM" deleted from your view.
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Amortize the Tool Cost
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4
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3
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Develop the Tool & provide to supplier fro production.
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Santosh A. Jadhav
| Argues in support of
"Develop the Tool & provide to supplier fro production."
| 1 year ago
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I'm totally in support with this option of developing tool (inhouse) and providing to the vendor, this way is very cost effective and at last we have our assets back in our circle, hence we are increasing our tool stock which is anyways a better...
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Kuldeep Tanwar
| Argues in support of
"Amortize the Tool Cost"
| 1 year ago
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if with minor change in the existing tools we can manage then no need to amortize otherwise it should be.
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Debate: "Tool Cost Decision while Costing" deleted from your view.
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