Month: March 2022

The best way to manage a supply chain disruption is to prepare for it. You should undertake a business impact analysis to prepare your business to address the impacts of supply chain disruption. A business impact analysis identifies your key Read More …

BCG matrix is a tool used by companies to evaluate their product portfolio and business units for the purpose of developing effective business strategy. BCG stand for Boston consulting group and this model was developed by Boston consulting group in Read More …

It is a tool used for risk and vulnerability identification. It is a systematic approach used to identify business, supply and contractual risks arising from failure within the supply chain at some point in the flow of value towards the Read More …

These are supply chain relationship risks that emanate from the nature, structure and management of relationships with suppliers. Different risks attach to different types of relationships sourcing approaches and supply chain configuration decisions. Supply chain relationship risk Single sourcing arrangement Read More …

The main difference between qualitative and quantitative risk assessment is that the former uses a relative or descriptive scale to measure the probability of occurrence whereas quantitative analysis uses a numerical scale. For example, a qualitative analysis would use a Read More …

A HAZOP study identifies hazards and operability problems. The concept involves investigating how the plant might deviate from the design intent. If, in the process of identifying problems during a HAZOP study, a solution becomes apparent, it is recorded as Read More …