Supply Chain Risk Management

The Situation:

  • Dependency among companies is increasing, therefore network partners are getting more sensitive to the occurrence of risks
  • Enormous complexity of risk interdependencies
  • Improvisation with adhoc-counteractions is rarely ideal
  • Supply-chain disruptions have increased enormously;
    higher vulnerability of material and information flow as well as increasing uncertainty of environmental influences
  • Every step in the supply chain contains risks; these disruptions create extra costs, additional effort and unsatisfied customers

Our Solution:

  • Development of a software based tool, causes of risks are identified, visualized and rated
  • Rating and comparison of risk consequences and counteractions
  • Developing from Supply Risk Management to Supply Chain Risk Management (SRM → SCRM)
  • Simulation of SCR-Chain

Your Benefit:

  • Efficient risk controlling: minimization, avoidance, elimination, transfer
  • Transparency creation of all possible disruption and hazards in the supply chain
  • Efficient risk-monitoring
  • Risk-management instead of crises-management (→ proactive instead of reactive actions)

Migration framework for decentralized and proactive risk identification in a Steel Supply Chain via Industry 4.0 technologies

For competitive risk mitigation in future steel supply chain networks a decentralized risk identification corresponding to the 4th Industrial Revolution is required. By integrating Cyber-Physical-Systems (CPS) in supply chain networks, a large number of real-time data in different formats will be available and must be consolidated. A framework is missing that leads to an improved risk identification and mitigation process by linking risks and CPS. In this paper a framework will be presented which correlates identified supply chain risks, suitable Industry 4.0 (I4.0) technologies and relevant finance indicators. The framework enables to identify relevant risks and their potential impact on companies’ assets and working capital, and also gives advice how these risks can be registered in advance by using I4.0 technologies.