Supply Chain Issues Are a Leading Risk for Tech Execs, Part 1

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hwong
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Supply Network Guru
Re: Supply Chain Issues Are a Leading Risk for Tech Execs
hwong   5/19/2011 4:05:11 PM
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@maria8a -

Can you give some examples as to what you mean by "gray area" and how do you have plans to mitigate? I am very curious what companies do for real...

Barbara Jorgensen
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Risk management
Barbara Jorgensen   5/18/2011 8:57:23 AM
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Thanks for your input, readers and moderators. I initially was underwhelmed by the data as "risk management" comes up all the time in discussions. But there are many layers to risk manaagment, and the physical transport of goods is one of them. It's good to hear that companies are taking this seriuosly even before the earthquake. These concerns also are hindering companies' ability to expand, which I'll cover in a subsequent blog. It makes sense--until you have your current house in order, it's difficult to execute on expansion plans. So ultimately, it can hinder growth.

SP
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re:
SP   5/18/2011 8:03:47 AM
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Agreed in any product design supply chain is the most risky area. Any supply chain issue can even lead to delay in the project or even go to the extent of killing the project.

jbond
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re:
jbond   5/18/2011 7:15:02 AM
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Your article brings some interesting news. It is nice to see more serious thought going into all facets of the supply chain instead of having blinders on. It will be interesting to see how many companies actually commit to plans like these. These plans require a lot of factors to be in place, some of which require significant investment. With many companies looking at ways to compete with less spending, they might have serious problems by overlooking serious supply chain issues.

mario8a
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Supply Chain Issues Are a Leading Risk for Tech Execs
mario8a   5/17/2011 10:07:44 PM
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Hi Barbara

Currently in our company we are implementing a "risk management" system where we are looking for gray areas of opportunity and managing all possibles risks related to supply chain and process impacts.

in the past we used to design products in a 2 year perdiod of time, today sometimes the products are obsolete in a couple years, this makes the supply chain a challenge for the procurement teams.

 

Regards

 

 

Nemos
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Supply Network Guru
Prevent policy vs Management risk
Nemos   5/17/2011 5:20:13 PM
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I believe the best way to protect the Supply Chain from the Issues described in the article is to apply in management the spread risk policy.

It is easier to apply a prevent policy than to execute a Management risk.

I am impressed that 83% of the companies have worries about psychical disaster but in the other hand most of them, they built their factories in one place.

hwong
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Supply Network Guru
managing risk
hwong   5/17/2011 10:01:23 AM
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I am actually quite impressed with the  risk management of alot of our U.S. companies from the impact of Japan tsuami. At one point in time, there was a shortage for specific parts that was only produced by Japan. Even Apple's ipad and iphone supply chain didn't seem to have been as disrupted as I had expected. Perhaps management had a plan in place such as looking for a different vendor replacement. Because I can imagine that not having one piece of component can cause major delays even if all other parts are ok.



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