Overview of Supply Chain Resilience
Definition of supply chain resilience. Strategies for addressing disruptions and volatile demand and supply situations. Key elements required to build supply chain resilience. How real companies have built supply chain resilience. Leveraging supply chain agility to pivot the business and succeed in the face of disruption.
End-to-end visibility of the supply network is key to (a) avoiding major supply disruptions from failures deep in the network and (b) developing alternative options quickly when faced with disruptions. In this session, methods of developing end-to-end visibility will be discussed and illustrated with a real-world example of traceability in the palm-oil supply network in Malaysia.
Building a resilient supply chain requires envisioning what may go wrong, identifying vulnerabilities in the supply chain, and addressing those vulnerabilities. This session will introduce scenario planning as a method to overcome the organizational myopia and create an organization that is more aware of the changes in its business environment and is prepared to respond to surprises. The session will explain how scenarios are created and practiced to create supply chain resilience.
Team Exercise: Scenario Planning
Using a case study, the participants will create scenarios, use the scenarios to outline specific actions to make the supply chain in the case study more resilient, and define concrete approaches to monitor the business environment. At the end of the session, the participants will assess how the supply chain they designed using they scenarios they created differs from the one created without considering such scenarios.