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Preparing for Disruptions Trough Early Detection - Coggle Diagram
Preparing for Disruptions
Trough Early Detection
Detecting Disruptions Quickly
Monitor the Supply Base
Detect potential problems
trough comprehensive
supplier monitoring
Botched acquisitions
Failed new product launches
Employee turnover
Visit Suppliers
Make audits
Walk production lines
See warehouses
Speak to factory workers
Use Sensor Data
Company's own assets
Be on the alert for deception
Monitor quality of raw materials
Track the News
Develop Traceability Capabilities
Components
People
Materials
Companies
Supply Chain
Monitor the Weather
Monitor social media
Track regulatory developments
Government policies
Siting decisions
Compliance challenges
Cost structures
Importance of Detection
Likelihood of occurrence
Magnitude of impact
Lead time
Know when disruptive event will happen
Positive: event is detected in advance of impact
Event's first impact
Zero: detected at impact moment
Negative: not detected until after impact
Steps for Effective Detection
Assess Global Events
Monitor activities to detect potential disruptions
Create Supply Chain Control Towers
Better decision making
Central hub
Processes
People
Technology
Map the Supply Chain
Government regulations
Blackouts
Weather
Geographical elements
Improve Response Times Trough Data and Detection
Fast detection
Prepare for disruption
Mitigate consequences
Forewarned is Forearmed
Detection means vigilance
Creating visibility on supply chain
Understand how global moving parts connect to each other and impact each other