There are lots of companies where we see logistics people who want to track and trace everything. It is no longer just the supply chain teams who have to think about, and understand risks in supply chains. Customer expectations are growing, and if companies fail to meet these expectations, customers will move to another provider. For example, an earthquake and tsunami in Japan brought manufacturing around the globe to a standstill. You also have to make your supply chains resilient in order to reduce your cost exposure spot buys, expedite ship, fixed costs for idle manufacturing capacity, etc. State-of-the-art passenger jets are grounded because of a malfunctioning part. You will walk away feeling that you have learned something new, something essential to running a successful business.
A new digital device decimates the sales of other brands and sends established firms to the brink of bankrupt A catastrophic earthquake is followed by a tsunami that inundates the coastline, and around the globe manufacturing comes to a standstill. Cashback within 3 days from shipment. These are the things that come from left field. Both the quality and the timing of the corporate response can determine whether the unexpected ends up costing a company millions or billions of dollars. The book focuses the mind on the crucial measure of time, starting with the speed of detectability information can and does flow faster than disaster itself and going all the way through recovery, which in some cases can take years.
It is no longer just the supply chain teams who have to think about, and understand risks in supply chains. To prepare for this type of disruption, you need general resilience, rather than a specific plan for a specific disruption. The interconnectedness of the global economy today means that unexpected events in one corner of the globe can ripple through the world's supply chain and affect customers everywhere. And the engineering people look for alternative suppliers and parts that qualify. A new digital device decimates the sales of other brands and sends established firms to the brink of bankruptcy. Cashback will be credited as Amazon Pay balance within 10 days from purchase.
The company dodged that worst-case scenario, but by mid-April, the number of affected parts had risen to 5,329. You also have to make your supply chains resilient in order to reduce your cost exposure spot buys, expedite ship, fixed costs for idle manufacturing capacity, etc. Essentially, there are two types of disruption. I would recommend this book to anyone that has an interest in supply chain risk. Supply chain risk management, the book reveals, is a balancing act between taking on the risks involved in new products, new markets, and new processes—all crucial for growth—and the resilience created by advanced risk management.
Sheffi is a master storyteller. I applaud Yossi Sheffi for his thoughtful treatment of a subject that is critically important not just to business, but to everyone on this planet. We support a variety of open access funding models for select books, including monographs, trade books, and textbooks. I have used this book for class material and as recommendations for my clients. Consider General Motors and the 2011 earthquake in Japan. A new digital device decimates the sales of other brands and sends established firms to the brink of bankruptcy.
This, the book starts to drag about halfway through. A blog discussing the macro forces shaping the global economy today and over the horizon. Now there are more possible disruptions that have to do with cybersecurity, industrial espionage and other attacks that you can sense only after the fact. By browsing the title, author, or writers of the book you really want, you can discover them rapidly. The material is all good however, it does become apparent that the narrative from chapter to chapter is cut and paste. After all, if your goal is to sell more of something, more potential customers must be better than fewer.
In particular, the consequences of cyber-attacks can be much more serious than identity theft. Sheffi makes a compelling argument in support of proactive moves designed to enhance redundancy and flexibility, while swatting away superficial conclusions such as the idea that supply chain resiliency is an expensive option that pays off only in a disaster. This is a must-read book for anyone responsible for revenue or spend. State-of-the-art passenger jets are grounded because of a malfunctioning part. Senior executives will gain unique insights and manage much more effectively having read it.
Lee, Thoma Professor of Operations, Information, and Technology, Graduate School of Business, Stanford University Resilience building is as critical as risk management for organizations operating in a dynamic global economy. In early 2007, a shortage at a paint supplier of toymaker Mattel resulted in the company having to use a backup supplier that insisted its product was safe. Popular topics include Globalization, Trade, Sustainability, Innovation, Technology, Healthcare and Supply Chain Logistics. Manufacturing companies need two elements when responding to a disruption: engineering and supply chain. A strike halts shipments through a major port.