Rsik management is a very complex task considering the huge number of suppliers, customers and service providers involved in delivering the product. But with a right set of people, good number of manufacturing locations and right logistics the risk can be mitigated. But all the companies should vision the future and have both short term and long terms plans to counter the risk.
Thanks for the comments so far. If anyone is interested in getting help doing a SC risk assessment of your company we can help. At Avnet Velocity, we are thought leaders in this space and can help you raise awareness in your own companies.
Yes, I think anyone in industry has seen this happen over and over. In the workplace, we need to do the equivalent of "calling the ball" - decide who is in the best position to make the play, and clearly assign the task.
After reading this article, it still amazes me that so many companies throughout the supply chain seem to neglect risk management. What they fail to realize is that they are a vital piece of a puzzle. If they create a break in the chain they mess with the whole big picture and not just themselves. By thinking that they can have customer service straighten things out, they don't realize that they also might have messed with the companies before and after them in the supply chain. By taking a little time to strategize and think ahead, many supply chain issues could be eliminated.
I've always found the concept of risk management to be a hard one to grasp, but once you understand how to identify and quantify risk, it seems imperative to act. Ultimately, a company should rely on itself and its own data in risk-management scenarios. It's great to trust your partners, but the electronics supply chain is so complex that the missed fly ball scenario seems all too likely.
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