Supply chain mapping can be a great tool to foster the understanding and from its results improve a supply chain network overall. Supply chain mapping can also be used to analyze the risks of a supply chain and improve its resilience (for an example in the blog follow this link).
Submitted by Daniel Dumke on Fri, 2011-11-25 15:49
What a supply chain challenge. Tomorrow at 10:02 am EST, the Mars Science Laboratory will be launched to Mars, and therefore marks one milestone in a year-long preparation phase and the restart of the ultimate, trans-planetary supply chain. A hundred years ago, sending even small items or messages over long distances took days, weeks or month. Now information travels at the speed of light and cargo at the speed of UPS, all around the globe.
Submitted by Daniel Dumke on Wed, 2011-11-23 11:22
Supplier risk assessment and monitoring for the automotive industry
A typical supply chain risk management process consists of four steps: risk identification, assessment, management and monitoring. From those steps, one of the most neglected step is the risk monitoring.
Risk monitoring implies two different actions: Continuous risk assessment and actions, as soon as pre-defined limits are reached.
So this article sheds light on the risk monitoring, from an article by Blackhurst, Scheibe and Johnson (“Supplier risk assessment and monitoring for the automotive industry”).