How to Mitigate Supply Chain Disasters

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stochastic excursion
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Stock Keeper
Re: Disasters Mitigation
stochastic excursion   1/9/2012 3:53:33 PM
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Risk management can often be sidelined by competitive cost pressure and replaced by wishful thinking.  In evaluating a supplier's track record when deciding on sourcing components,  companies should take into account the vendor's disaster risk profile.  A standardized risk profile along the lines described by this article would be useful industry-wide.

mfbertozzi
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Supply Network Guru
Re: Disasters Mitigation
mfbertozzi   1/8/2012 8:51:31 PM
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In principle, I agree with you, neverless stocks to allow for checking how an adopted plan could really mitage impacts in case of disaster, require in a such way investments or some updates within financial statements, as the basis of criteria outlined by each local Gov. In my eyes, it appears much more complicated then a software processes' simulator.

pocharle
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Supply Network Guru
Re: Mitigating disaster
pocharle   1/8/2012 4:23:59 PM
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You would think that in these times of advanced technologies and information, this would be a given. It always amazes me when such 'disasters' bring large organizations to their knees.

_hm
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Supply Network Guru
Re: Disasters Mitigation
_hm   1/8/2012 8:52:56 AM
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I wonder, but simple 12 to 18 months stock of few critical wafers will give equally good solution at lower cost. This will be very quite safe approach. Other critical parts and process needs to be taken care.

 

mfbertozzi
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Supply Network Guru
Re: Disasters Mitigation
mfbertozzi   1/8/2012 4:57:41 AM
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@_hm: in fact, it could be an interesting path to follow; in the area of ICT, for instance, policies and disaster recovery sessions for simulate critical situation, are performed a few times per years, at least by team leading ICT corporations at major companies. Even a real end-to-end simulation for supply chain could be quite expensive, I believe specific software for simulating those conditions, could be right developed and could help a lot also in evaluating if disaster plan adopted needs some improvement or not.

_hm
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Supply Network Guru
Re: Disasters Mitigation
_hm   1/7/2012 7:03:22 PM
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It is very good topic for disccusiion in Lessons to Learn. Can they simulate the disaster like event in supply chain to really evaluate how effective are their mitigation plans?

mfbertozzi
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Supply Network Guru
Re: Disasters Mitigation
mfbertozzi   1/6/2012 11:30:15 AM
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I am convinced a big part of recent crucial disasters happened are about situtations you have mentioned, Bolaji. Recently, here at EBN, several editorials and posts have been focused on big companies such as RIM or HP and it appears, for them, light to follow is still far away. Anyway good to know from Dale & Greg what other companies are doing to prevent strong difficulties in supply chain.

Barbara Jorgensen
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Mitigating disaster
Barbara Jorgensen   1/6/2012 11:21:01 AM
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I wasn't aware of Fujitsu's preparation and that is a great example of how some foresight can save the day. Like fire drills, companies in quake zones should prepare and practice for such emergencies. It is a big task for something as big as a fab, but Fujitu's losses were greatly mitigated by its efforts. Thanks for the great information!

Bolaji Ojo
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Re: Disasters Mitigation
Bolaji Ojo   1/6/2012 11:11:41 AM
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Matteo, If only we could predict the likelihood and potential impact of natural disasters. This isn't always possible

These aren't the only type of disasters businesses deal with, though. Many times the disaster is self-inflicted -- wrong products, failed manufacturing systems, inaccurate demand-supply forecasting, poor decisions by management, etc. The industry may be troubled by natural disasters but it is equally impacted by problems inflicted upon it by management, the economy and society as a whole.

mfbertozzi
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Supply Network Guru
Disasters Mitigation
mfbertozzi   1/6/2012 10:52:48 AM
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Well done Dale & Greg, present editorial, in my opinion, opens our mind toward a linear approach for facing several kind of disasters, as you have mentioned at the beginning. As of today, I believe we could consider a couple of additional condition, very crucial to address for supply chain: yes, weather condition for events such as earthquake are unpredictable, but it seems also what will happen across the globe, in the area of economy and financial aspects, are stronger than weather, to predict. Consider the number of big companies went in default in the past 15-20monthns, it seems there is no way to outline mitigation plans.



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