Analyst Insight: As the concept of supply chain risk management matures into a discipline, we witnessed that most disciplines need frameworks to ensure initial success and sustainability. This is holding true for the growth and maturity of SCRM. The Association for Operations Management, or APICS, has embraced SCRM by working with the Risk Consortium to create a first-of-a-kind certificate in SCRM, providing a solid baseline for what a framework is and how it supports a successful supply chain journey. – Gregory L. Schlegel, Founder, The Supply Chain Risk Management Consortium, Adjunct Professor, Supply Chain Risk Management, Lehigh University, and Adjunct Professor, Enterprise Risk Management, Villanova University
Analyst Insight: Supply chain risk management is an evolution of business processes, techniques and focus over a multitude of elements. As supply chains have evolved to value chains, so too have the methods for supply chain risk management. Value chain risk management requires a broader integrated strategy, focused on reducing the risk at each point in the value chain, while balancing risk and resiliency. – Mickey North Rizza, BravoSolution
Analyst Insight: There needs to be a clear line of sight between what is in the contract (and the contractual obligations of both parties), the performance metrics or KPIs, and the relationship, including a 360º perception of the relationship. However in practice this is rarely the case. – Alan Day, Chairman & Founder, State of Flux
Analyst Insight: Alignment is the number one strategy to increase business value. Alignment is realized when the business strategy, functions, employees, business processes and technology are optimized for growth and profitability resulting in substantial shareholder returns. Procurement’s opportunity for excellence begins with alignment to the business and the broader enterprise strategy. – Mickey North Rizza, BravoSolution
Aramex has launched a new cold supply chain service, available across all its MENA markets. Biocare, a solution for the healthcare sector, is designed to provide an end-to-end temperature-controlled delivery solution to move clinical specimens and medical samples domestically and globally for laboratories, hospitals and pharmaceutical companies.
Analyst Insight: The titans of business, Amazon and Walmart, are doing an awesome job of growing their companies and transforming the way the marketplace functions. They're innovating supply chain operations and how they are responding to the needs of the customer. They're creating tremendous disruptions that are forcing everyone to play catch up. Lastly, they are on the offensive. They are creating benefits for their customers at such a rate that all other companies are playing at a disadvantage. - Jim Tompkins, CEO, Tompkins International