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Seeing into the Future with Supply Chain Risk Management Software
Supply Chain Risk Must Be Managed with Software Every supply chain stakeholder knows it doesn’t take much to disrupt it. Risks can come from anywhere, often without much warning, and cause disruptions that can slow or even stop progress completely. Companies try to assess their risks, but without intelligent supply chain risk management software, those…
OTIF Programs: What You Need to Know to Nail On-Time In-Full Performance Metrics
OTIF Standards: Good for Customer, Bad for Brands? The number one rule for any company is “the customer is always right.” Consumers drive demand which drives production. Today’s customer wants what they want when they want it and don’t particularly care if a snowstorm delayed their order. In order to meet this demand, increasingly more…
Top 6 Things You Must Have in a Transportation Risk Analysis Solution
Transportation risk management begins with analysis. In order to effectively mitigate and manage risk effectively, companies must first understand from where their risks come and then determine how likely those risks are to occur. Only then leaders develop and execute plans of action to mitigate as much of the risk as possible. A major risk…
Enterprise Risk Management: Guide and Strategy
Enterprise risk management has become more complex thanks to increasing consumer and manufacturing requirements. This guide to enterprise risk management will help you define a strategy for your organization. This will be particularly useful for logistics professionals. Supply chain management has become increasingly efficient, thanks to technology. However, supply chains are now more vulnerable to…
Transportation Risk Management: A Guide
Weather events are happening more frequently, and becoming more severe. This is a huge problem for the transportation industry. Industry analysts anticipate that natural disasters will not only occur more often, but that they will cost more in damages. There is no question that many businesses have felt the impact from these significant events. Insured losses…
Supply Chain Risk Management: Best Practices
How can you help your supply chain better manage risks–from natural disasters to factory fires? Read on… Even “Small” Disasters Can Cost Your Company Millions Over the past century, the number of natural disasters reported have increased significantly. The number of people affected by them and the cost of damage have also increased. (Source: EM-DAT)…