Developing an Effective Supply Chain Risk Management Approach

People, Process and Technology: The Perfect Storm for creating an effective Supply Chain Resilience Approach Driven by the growing awareness of the risk that dependence on global supply chain networks represent to market share, revenue, cost targets, brand value, and ultimately shareholder equity, increasingly companies are looking to supply chain risk management and resiliency strategies, practices, and tools for answers. PEOPLE & PROCESSES A prerequisite of a having an Effective Supply Chain Resilience Management approach is that you have, based on an agreed business case, the resources needed and the support of the executive management team. A well-functioning resiliency program […]

Knoll’s Risk Management and Business Continuity Journey

Sitting Pretty Furniture manufacturer Knoll uses more than 70 FM Global services to reduce risk For Jane Dwyer, Knoll senior director of strategic projects and business risk management, watching TV often complements her work. Invariably she finds herself scanning the background, looking for Knoll’s iconic designs. “Look, there’s one of ours,” she often announces to her family. It’s an occupational pride at a company that has been creating inspiring interiors for businesses and residences for more than 80 years. If you look closely, Knoll furniture can be spotted on TV sets, in movies and throughout the offices and in the […]

How Mature is your SCRM? Introduction of a Self-Assessment Model for SCRM Maturity

Companies often have difficulties to identify strengthens and weaknesses of their SCRM to increase their competitiveness. In addition, the comparability with best practices can be challenging. A maturity model can counteract these problems. During the last years, numerous maturity models have been adopted by industry and developed for various disciplines, e.g. in the area of business process management, information technology, software development, product development or supply chain management. Nevertheless, a literature analysis conducted by the author focusing maturity models in the area of SCRM has clearly revealed that the guidance provided by the existing SCRM frameworks and maturity models focusing […]

SCRM Education, Standards, Credentialing & Use Cases

Lehigh University developed the first MBA SCRM class in 2010. The concept has now grown to a global level. The SCRM Consortium includes 22 companies and 1,000 professionals. SCRM continues to grow as a discipline, predicted by yours truly and co-author, Dr. Robert Trent at Lehigh University, in our best-selling book–“Supply Chain Risk Management: An Emerging Discipline.” The consortium facilitates more than 20-plus workshops and speaks at about 10 conferences, per year, around the globe. Our published book and the Consortium continue to help companies Identify, Assess, Mitigate and Manage supply chain risks. With that backdrop, the current state of […]

Lessons from the Frontline of Supply Chain Resilience: Making it happen?

It can be challenging to get your supply chain resilience program off the ground. I have worked with many clients over the last 10 years and experienced some of the challenges they face in this area. There are three key areas I believe it is worth focusing on initially: 1. Making the business case for Supply Chain Resilience 2. Obtaining Executive support 3. Overcoming the silos and bringing in “Blackbox thinking” culture There is nearly always a compelling business case to made for implementing a supply chain resilience program, the benefits that can be realized include the following: Avoidance or […]

Factory of Future: Reinventing the Manufacturing Organization

Factories of the Future 4.0 are forward-looking manufacturers who systematically take up the challenges of the fourth industrial revolution. They supply products with high value added and are flexible enough to respond to swiftly changing market demand. This also enables them to continue playing a major role in a dynamic worldwide manufacturing network.   Being open-minded about new business models, Factories of the Future fully embrace digitized production processes. They take care how they carefully  handle energy and materials and maximally exploit the potential of modern production technologies.   Besides technological innovation, social innovation is also high on the agenda, […]

Child Labour in Artisanal and Small-scale Mining

Artisanal and Small-scale Mining (ASM) is usually being practiced by the small groups of individuals often illegally with minimal technology and machinery. ASM is commonly accompanied with the lack of safety measures and poor working conditions as well as with low productivity. ASM is wide spread in the Third World countries rich in natural resources being the main source of income for the citizens. Bad news is that there are a lot of people willing to benefit from the cheap labour and the lack of social security of the miners. Extreme poverty often leads to child labour when parents are […]

Conflict Minerals – Risk Management

Speaking of Conflict Minerals Supply Chain Compliance and Transparency, the term of “due diligence” cannot be dismissed. For all the 3TG utilizing manufacturers reasonable supply chain investigation is required in order to keep the production conflict-free. Risk-based management seems to be the most trustworthy way for establishing transparent supply chain. Risk-based approach to the conflict minerals issue for industry developers includes: Creating conflict minerals company policy covering principles of conflict minerals use and the intention for conflict-free sourcing along with building a responsible team implementing national/international conflict minerals due diligence guidance and judging the progress and effectiveness of the company […]