Risk, Compliance, Sustainability

Risk and compliance-related topics, including supply chain risk, supply chain security, regulatory and company policy compliance, ESG/sustainability

Identifying and Assessing Supply Chain Risk

This article discusses the importance of identifying and assessing supply chain risk in industrial sectors, particularly in the context of global sourcing and lean manufacturing practices. It provides a step-by-step approach for assembling a cross-functional team, brainstorming and mapping enterprise risks, filtering and prioritizing relevant risks, and integrating risk management into business processes to enhance operational awareness and responsiveness to risk events.

What is SRFM? (Supplier Risk and Flexibility Management)

This article discusses the concept of supply risk and flexibility management (SRFM) as a solution to bridge the gap between the planned forecast and the actual circumstances that occur in business operations. SRFM involves using range forecasts to capture all potential supply and demand outcomes, quantifying the impact of uncertainty on future performance, and enabling supply chain strategies to manage risks and meet business objectives effectively.

Managing Risk at Key Stages in Product Lifecycles

In managing supply chain risk and flexibility, it is essential to reduce the time it takes to position assets like capacity and inventory and maximize revenue earned on those assets. The Supply Risk and Flexibility Management (SRFM) framework offers a comprehensive approach, using range forecasts and risk metrics to address uncertainty and optimize performance in six critical decision points throughout the product life-cycle.

Serious About Port Security?

A House-Senate conference committee is negotiating the final language of the Security and Accountability for Every (SAFE) Port Act. A key provision in the version of the bill passed by the Senate is the requirement that dock workers convicted of murder, treason, espionage and terror related crimes be barred from working at the Nation’s ports, and that workers convicted of crimes such as bribery, identify fraud and illegal use of firearms within the last seven years be barred as well. But did it make it into the final version of the bill?

Executive Summary: Pandemic Preparedness for Businesses and their Supply Chains

Many experts predict that it is only a matter of time before the H5N1 Pandemic Flu arrives. And, when it does come, the impact on global business will be devastating–failed operations and business shutdowns, due to the collapse of business and transportation infrastructures, because key human resources have refused or are unable to come to work. Businesses
will be unable to obtain supplies to continue operations. As consumer priorities change, many goods will become scarce. Entertainment and luxury items will fall out of favor as the need for survival goods grows. There will be decreased productivity due to fear, stress, high absenteeism, low morale, enforced isolation, and depletion of the work force. There will be restricted face-to-face contact, and public service shutdowns of gathering places in an effort to reduce personal contact. Many economists predict a severe economic
depression, depending on the length and severity of the pandemic.

The Changing Role of the Supply Chain Manager

This article emphasizes the importance of understanding international laws and regulations for supply chain managers involved in global trade and transportation. It highlights the potential risks and legal consequences of non-compliance with rules related to border security, corporate tax, customs modernization, global sourcing, immigration, intellectual property, and other aspects of international trade.

Two, Four, Six, Eight, You Must Have the Skills to Orchestrate

This article draws an analogy between a synchronized orchestra performance with outsourced global talent and the skills required for supply chain professionals to navigate the pressures of the global marketplace. The article emphasizes the need for supply chain professionals to possess orchestrator skills to effectively manage multiple partners, define contractual needs, ensure performance, address emerging logistics trends, handle security concerns, and combat illicit supply chains.

Are You a Wave Maker?

This article draws parallels between big wave surfers and supply chain managers, emphasizing the importance of being proactive, prepared, and innovative in facing the challenges of change in the global marketplace. It highlights the need for supply chain professionals to anticipate and navigate industry shifts, embrace innovation, and focus on personal and organizational growth to ride the waves of change successfully.

RFID: Finding ROI in X-treme Supply Chain Management

The text discusses the growing interest in RFID and other auto-identification technologies, particularly for risk avoidance, corporate accountability in global logistics, and trade. It highlights the need for a digital data trail and the potential benefits of RFID in mitigating risks, protecting intellectual property, ensuring product quality, and enhancing supply chain performance.

The Interview: Getting Real with Paul Fox

The article discusses the issue of counterfeiting and piracy in the supply chain, emphasizing the need for solutions to combat these problems. Paul Fox, Chairman of the Coalition Against Counterfeiting and Piracy, provides insights on the impact of counterfeiting on companies and consumers and highlights the importance of technology like RFID in securing the supply chain.

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