A New Approach to Manage Supply Chain Risk
What risks could disrupt your firm’s supply chain and dramatically affect the bottom line?
Firms in all industries are exposed to a variety of low-probability/high-impact risks that have the potential to disrupt operations and significantly damage the business. These risks are difficult to predict and quantify—and therefore are extremely difficult to manage.
As a result, managers deploy multiple measures and countermeasures—often sub-optimally—leaving their firms exposed to key risks while simultaneously wasting resources by mitigating risks that would not cause significant damage.
In this HBR webinar, supply chain expert David Simchi-Levi, a professor of engineering systems at MIT, shares a unique new approach to managing supply chain risks.