Over the previous decade organizations have confronted relentless customer demand for higher worth at much less value, particular person customization, higher selection, quicker supply, greater high quality, distinctive service, and extra just lately – elevated environmental and social consciousness. The group’s weapon of option to address this growing demand has been the availability chain. Nevertheless, as the availability chain footprint modified (e.g. outsourcing, off-shoring and customer/vendor empowerment) so did the group’s publicity to uncertainty. Organizations have been taken abruptly since this publicity was unanticipated, complicated and past their capacity to handle. As customers develop into extra demanding and alter happens at a good higher tempo, provide chain danger continues to propagate like a parasite. Organizations and societies are at a lot higher danger of systemic failure as a result of of the huge interdependency all through international provide chains. The precedence now’s two-fold; play catch-up and address these large gaps whereas deploying extra clever and built-in methods (i.e. social conscious, instinctive, dynamic and predictive) for coping with steady change.
Single Point of Failure: The 10 Essential Laws of Supply Chain Risk Management makes use of analogies and dozens of case histories to explain the danger parasite that infects all provide chains whereas revealing strategies to neutralize that parasite. The book addresses the questions: What are the "single factors of failure"? How uncovered are customers, buyers, different stakeholders and finally the group? What’s the measurable impact (i.e. model, monetary, strategic, and non-compliance)? Who establishes the "danger paradigm"? How does the group effectively and successfully allocate valuable assets – time, individuals, administration consideration, and capital? How is success measured? This book is each technically highly effective and successfully sensible, based mostly on at the moment's complicated international financial system.
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