![]() Mitigate risks with alx Reactive or Real-Time Risk Management in Supply Chain Implement the results in your real supply chain.Test the changes in your supply chain simulation model, make sure they give you the results you want, for example, lower risk probability or impact.Improve supply chain metrics: capacity, throughput, costs, service level, TTR, TTS, and so on.Optimize supply chain rules and policies: find balanced suppliers’ combinations, estimate vehicle fleet size and its utilization rates, improve inventory distribution within the supply chain, add safety stock.Change supply chain structure: move some facilities, add extra facilities.Find out the best ways to decrease the impact of the worst risks by experimenting with your supply chain simulation model.Analyze results of each simulation experiment and identify the worst risks according to:. ![]() Run the Simulation experiment several times to determine how each possible disruption will affect the performance of the entire supply chain.Identify the potential risks and disruptions (your suggestions and historical data will help).Find the most vulnerable nodes of the supply chain with the Simulation experiment:.Suppliers replenishing inventory of the distribution centers. ![]() Distribution centers with inventory policies.To describe your supply chain in detail, your model should contain the following parameters: Build a model of the future (or existing) supply chain in anyLogistix.The anyLogistix software offers the following workflow to perform supply chain risk analysis: Using these techniques together, it delivers more accurate and transparent decision-support models, allowing for more efficient supply chain risk analysis. Proactive risk management involves assessing existing business processes to determine the potential risks, assessing probability and impact to prioritize risks, and accordingly preparing a contingency plan.ĪnyLogistix combines analytical tools for network optimization with a unique dynamic simulation engine. Proactive Risk Management in Supply Chain with anyLogistix Software At the same time, since it is impossible to predict everything, companies must be ready to respond quickly and efficiently to the consequences of disruptions. Any large company takes some actions to prevent damage from a supply chain disruption. It is important to realize that, in real life, it is all about the balance of proactivity and reactivity in your supply chain risk management. Reactive strategies, on the other hand, involve actions in response to something. You could also call this type of strategy predictive or preventive. The goal of proactive strategies is to avoid supply chain disruption or reduce the future probability of the undesirable effect. We can classify supply chain risk mitigation strategies into reactive and proactive. Using the example of a shoe supplier working in Vietnam and Japan, the video explains how to stress test the supply chain in emergency situations with the Risk Analysis experiment in anyLogistix. When developing a plan, it is important to evaluate its effectiveness and how the metrics will change because of your actions.įor a deeper dive into supply chain risk analysis with the anyLogistix software, watch the following how-to video. ![]() The final step is to develop a plan and take the necessary actions.
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