global supply chain risk management
GLOBAL SUPPY CHAIN RISK MANAGEMENT
In the globalizing world as for the changing demands of customers are flexible manufacturing and supply chain issues are increasingly important in recent times. Supply chain management, from the stage of procurement of goods and services, production and up to reach the final consumer, covering the whole process is a set of a ring. From the perspective of business processes, supply chain, includes many areas such as; sales process, production, inventory management, procurement, distribution, procurement and customer service. Supply chain risk management means that practicing of strategies managing everyday and exceptional risks along the supply chain based on the continuous risk assessments with the objective of reducing vulnerability and ensuring continuity. Supply chain is powerful only as weak chain as. Consequently any company that is unsuccessful in the chain affect others insider too. Progressive knowledge and communication technology is important to spill which between company integration and cooperative as increasing value. The purpose of each player in the supply chain, the new information to convey to other businesses in the chain and in this way to ensure a balance of supply and demand is more perfect.
Supply chain management in the safety of disputes can be avoided. To do this, businesses are required to increase security measures. However, alternative and cheaper sources of supply may also bring unexpected bad odds. The key factor here is error prevention activities.
A Five Step Process for Global Supply Chain Risk Management and Mitigation
1. Risk Identification
What are the potential problems with the quality of measurements and how these problems are determined?
2. Risk Assessment and Evaluation
To demonstrate appropriate quality measurement, a suitable measurement system should be established and can easily be monitored by the shareholders of the company.
3. Selection of Appropriate Risk
In the globalizing world as for the changing demands of customers are flexible manufacturing and supply chain issues are increasingly important in recent times. Supply chain management, from the stage of procurement of goods and services, production and up to reach the final consumer, covering the whole process is a set of a ring. From the perspective of business processes, supply chain, includes many areas such as; sales process, production, inventory management, procurement, distribution, procurement and customer service. Supply chain risk management means that practicing of strategies managing everyday and exceptional risks along the supply chain based on the continuous risk assessments with the objective of reducing vulnerability and ensuring continuity. Supply chain is powerful only as weak chain as. Consequently any company that is unsuccessful in the chain affect others insider too. Progressive knowledge and communication technology is important to spill which between company integration and cooperative as increasing value. The purpose of each player in the supply chain, the new information to convey to other businesses in the chain and in this way to ensure a balance of supply and demand is more perfect.
Supply chain management in the safety of disputes can be avoided. To do this, businesses are required to increase security measures. However, alternative and cheaper sources of supply may also bring unexpected bad odds. The key factor here is error prevention activities.
A Five Step Process for Global Supply Chain Risk Management and Mitigation
1. Risk Identification
What are the potential problems with the quality of measurements and how these problems are determined?
2. Risk Assessment and Evaluation
To demonstrate appropriate quality measurement, a suitable measurement system should be established and can easily be monitored by the shareholders of the company.
3. Selection of Appropriate Risk