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About Mitigating Supply Chain Risk
This document discusses ways to mitigate supply chain risk through improved confidence. It argues that supply chain confidence increases with better end-to-end visibility of supply chain information. A lack of confidence can lead to a "risk spiral" where uncertainty causes actors within the supply chain to take actions that obscure visibility and further decrease confidence, like building buffer inventories. The complexity and unpredictability of today's globalized and outsourced supply chains have increased exposure to various risks, including financial risks from excess inventory, demand forecasting errors, and disruptions. Improving information flow and transparency between supply chain partners can help reduce uncertainty and break the risk spiral.
Detailed Information
| Author: | ['Mohammad Ali Zaman'] |
|---|---|
| Publication Year: | 2014 |
| Pages: | 15 |
| Language: | English |
| Format: | |
| Price: | FREE |
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