Authored by Mickey North Rizza
A recent survey from Deloitte of 600 global supply chain executives reveals a wide range of tools used to manage risk. Of this list of technology tools, very few respondents use some of the top risk tools — only 36% report using predictive modeling and only 29% use risk sensing data, worst case scenario modeling and business simulation tools.
In my own discussions with many Supply Chain leaders, I found one thread in common with the Deloitte risk management findings: supply chain risk management technology utilized in a silo does not deliver full value until it is coupled with additional data sources, advanced capabilities and applied to problems within the supply chain. One executive told me technology tools are definitely enablers, but the linkage and pushing the technologies capabilities to solve the supply chain problems is where the rubber meets the road.
What do you use for supply chain risk management tools? I would love to hear from you on your successes and failures regarding supply chain risk management tools.