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Supply Chain & Risk Management Go Together Like Peas & Carrots

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nimantha.d
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Supply Network Guru
Re: Process over people
nimantha.d   1/31/2014 12:06:41 AM
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@Taimoor: Yes good leaders do have a plan for the future. If not they cannot be good leaders. You do need to have an idea of what will happen in the future and should have a plan for it so its a matter of executing it at the right moment.  

TaimoorZ
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Supply Network Guru
Re: Process over people
TaimoorZ   1/30/2014 7:42:56 PM
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@Robert: I agree on the fact that good leaders are the ones who plan in advance to identify potential risks and mitigate them. However, even they have to rely on the creation of processes to manage risks rather than focus their energies on adhoc efforts.

Robert_Cowan
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Blogger
Re: Process over people
Robert_Cowan   1/30/2014 10:22:44 AM
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@TaimoorZ - Thank you for your feedback.  Let me clarify: 'Proactive leadership' in this case is from the point of view that without leaders acting proactively to identify risks, establish mitigation strategies and risk management processes before disaster strikes, resilience would not be achievable.

I take 'Crisis Management' to mean that something happens with an element of surprise, an unpredicted event that puts your supply chain out of action.  I see crisis management as dealing with each crisis as it happens, rather than planning for its eventuality.  I would therefore argue that crisis management is the last resort.

Williamson
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Stock Keeper
Warehouse inventory control strategies
Williamson   1/29/2014 9:42:42 AM
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Rightly said, risk management and supply chain certainly help each other improve efficiency and production management. Retailers can ensure they stay competitive by improving their shipping and delivery systems to meet the changing and ever growing consumer demand. I work for McGladrey and there's a very informative whitepaper on our website that readers of this article will be interested in. @ "Count, manage and move: Warehouse inventory control strategies" http://bit.ly/1kgYXWo 

CourtneyMorgan
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Stock Keeper
Supply chain and risk management
CourtneyMorgan   1/29/2014 9:10:09 AM
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Great article!!!An efffective supply chain process must go hand in hand with an equally effective risk management strategy.

http://www.cpsmtraining.com

Eldredge
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Supply Network Guru
Re: Forgot one
Eldredge   1/29/2014 5:56:02 AM
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@TaimorZ - Indeed! In some situations, more than one party has to evluate the risk/reward quotientbefore deciding the right couorse of action.

Eldredge
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Supply Network Guru
Re: Success is based on outcome
Eldredge   1/29/2014 5:53:45 AM
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@TaimoorZ - Each risk management tool definitely has it's focus area, be it strategic risk evaluation, safety and environmental protection, disater preparedness, elimination of design faults and liability, root cause anaysis, or many other applications. Some techniques (probably most) have some usefulness across many of these.

TaimoorZ
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Supply Network Guru
Process over people
TaimoorZ   1/29/2014 1:51:27 AM
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"As mentioned in the Business Continuity Institute's Supply Chain Resilience 2013 survey, "proactive leadership, rather than crisis management, is required.""

@Robert: I've always considered the process to be more important than the people because people can come and go but the process can remain stagnant. Crisis Management is all about having a process in place to handle a crisis when it strikes. A focus on leadership would mean that you consider people more important. I find that a bit hard to digest.

 

TaimoorZ
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Supply Network Guru
Re: Forgot one
TaimoorZ   1/29/2014 1:48:45 AM
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"Love and marriage" would have worked well here too!"

@Eldredge: Good one! Like they say, every reward has an associated risk with it. Higher the risk, greater the reward. I'd say all good things in life come with an attached risk element.

TaimoorZ
User Rank
Supply Network Guru
Re: Success is based on outcome
TaimoorZ   1/29/2014 1:47:03 AM
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@Eldredge: Do you think these risk management applications differ from industry to industry where one application might be more suitable for a particular industry compared to others? Or are these tools equally useful across the board?

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