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Supply-chain risk management is aimed at managing risks in complex and dynamic supply and demand networks. [1] (cf. Wieland/Wallenburg, 2011)Supply chain risk management (SCRM) is "the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity".
Microsoft (MSFT) unveils software to help customers track and coordinate supply-chain systems by combining data from its programs and tools from rivals like Oracle.
Supply chain resilience is, according to supply chain risk management expert Donal Walters, "the ability of the supply chain to cope with unexpected disturbances" and one of its characteristics is a company-wide recognition of where the supply chain is most susceptible to infiltration. Supply chain management plays a crucial role in creating ...
With a new focus on risk management, manufacturers have seen value whether the economy is stagnant or thriving. With a transparent, accessible and comprehensive set of supplier information, manufacturers have been able to monitor suppliers for behavioral changes which contribute to overall stability, including:
The Cyber Supply Chain Management and Transparency Act of 2014 [9] was a failed piece of US legislation that proposed to require government agencies to obtain SBOMs for any new products they purchase and to obtain SBOMs for "any software, firmware, or product in use by the United States Government". The act spurred later legislation such as ...
The terrorist attacks of 9/11 were the defining event for modern supply chain security. Before 9/11 supply chain security was primarily the concern of the insurance and risk management industries; after the attacks more structured approaches were implemented. Early efforts were dominated by concerns over the use of maritime shipping to deliver ...