Skin ADV

eng
About   |   CP Login   |   Newsletter
Demand & Supply Chain Management Evolution


Supply Chain Topics

Topics > English > Supply Chain Resilience  

Supply Chain Resilience

The Point of View of Quintiq


The butterfly effect
The “butterfly effect” was a term coined by mathematician, meteorologist and chaos theory expert Edward Lorenz around 1960. It refers to how one small incident can have a huge impact later on down the line. The recent West Coast ports cargo-handling disruption is an example of the butterfly effect. The labor dispute caused freight bottlenecks. Companies using West Coast ports had to spend additional millions to cover extra inventory costs and shipping delays. US trade deficits rose to a massive $46 billion in December 2014.

Have you got what it takes to bounce back?
Labor disputes, bad weather, and IT outages are just some examples of disruptions that could affect an otherwise well-designed supply chain. They are unpredictable, inevitable, and can cause substantial damage to business operations and financial performance.

What do you do when a wrench is thrown in the works? Scrambling for solutions puts you at risk for being left behind your competitors.

What you need is a supply chain that is designed to be resilient in the face of disruptions.

But what makes a supply chain resilient?

 


read more >>
(external link)




-------------------------------------
Would you like to add your standpoint for this topic?
Contact SCM Portal at info@scm-portal.net



--------------------------

Please find hereafter some documents of interest related to "Supply Chain Resilience". To refine this search, please select or change your language of interest.


Language Filter

DOCUMENTS
 

The purpose of this paper is to investigate the alignment between product design and the supply chain and to identify how this alignment impacts on a firm's supply chain...


As a supply chain manager, you certainly have your hands full these days. You’re charged with finding ways to boost profits and competitive advantage, even while cycle times...


An often underrated, misunderstood and underutilised role of the procurement professional is the site visit. Seen as many as a bit of a jolly or a waste of time, the site visit...




 
           Circular Economy     Industry 4.0     Blockchain 

     Internet of Things     Omni Channel 


Join us on


News & Trends
 

Last update 3 Nov 2020
PMI improves to highest since January 2019
   Source: Markit US Manufacturing PMI   -  IHS Markit
United States 


Chemicals & Pharmaceuticals

Maximum safety and reliability and reducing the costs for our customers at the same time: we are able to offer the chemical industry an extensive range of chemical logistics services that hardly any other logistics specialist can match. It is our goal to harmonise our services with your specifications in s...


Cloud vs. On-Premise: Which Is the Better Fit in Your Supply Chain?

According to Gartner, by 2023 cloud-based supply chain technology will be worth $11B. And from the looks of it, that might not be far off. Optimism about the cloud is guiding decisions that companies are making with r...


Education
 

Resources
 
HOYER: Future-Proofs System for Managing Intermodal Rail, Road, and Sea Transport to Meet High Growth Potential

HOYER is an independent family enterprise that dates back to 1946, and which has become one of the world’s leading bulk-logistics providers, offering comprehensive transport services and complex logistics soluti...

Conducting the End-to-End Value Chain Orchestra

In recent years, manufacturers have been outsourcing increasingly larger bits and pieces of their operations. Even historically sacred cows such as engineering, R&D, and product development are now commonly outsource...