This figure graphically presents our services in digitally transforming supply chains through real-time data visualization.
Dashboards for Distribution Requirements Planning (DRP):
With growing demand uncertainty, Distribution Requirements Planning (DRP) has become very important to decrease logistics and inventory holding costs and to improve customer service. We assist supply chain managers in taking near optimal DRP decisions through real-time data visualization. Click below for more details.
DISTRIBUTION REQUIREMENTS PLANNING
Dashboards for Real-Time Inventory Management:
With growing demand and supply uncertainty, it has become very important to have same and accurate view of inventory levels across departments and enterprises. We assist our clients in visualizing inventory in real-time through data visualization. Click below for more details.
Demand & Production Planning Dashboards:
With growing demand uncertainty, it has become very important to align production schedule with near term customer demand. We assist our clients in developing efficient demand plans and production schedules through real-time data visualization.
Dashboards for Disruption Management:
With extended supply chains, unforeseeable disruptions have become common in this global era. We assist our clients in managing global sourcing uncertainty through real-time data visualization. Click below for more details.
Dashboards for Global Sourcing Risk Management:
In this global era, it has become very important to continuously monitor risks in our supply chain. We assist our clients in monitoring global sourcing risks through real-time data visualization. Click below for more details.
GLOBAL SOURCING RISK MANAGEMENT
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Ethical risk from sourcing products globally presents one of the major challenges in this global era. For instance, the Rana Plaza disaster that occurred on April, 24, 2013 in Bangladesh and that killed more than 1,000 workers has gained global attention on the unsafe conditions in overseas apparel manufacturing. The brand image of several american retailers and apparel companies was impacted during Rana Plaza disaster.
Ethical risk from sourcing depends on the state for the institutions that govern economic and social interactions. For instance, the Rana Plaza disaster exemplifies one of many instances of ethical risk present in sourcing products from countries with less control on corruption.
According to the New York Times, the 400-page report on the collapse of the Rana Plaza blamed the mayor for wrongly granting construction approvals and blamed the building owner for bribing local officials to get construction approvals (Yardley, 2013). Therefore, measures for the following factor obtained from World Bank database could be used to calculate country ethical risk index score:
Control of Corruption (CC) – “…capturing perceptions of the extent to which public power is exercised for private gain, including both petty and grand forms of corruption, as well as “capture” of the state by elites and private interests…” (The World Bank) Continue reading Leveraging data on “corruption” to monitor ethical risk
How can firms leverage data available on political stability while managing global sourcing uncertainty?
Political uncertainty depends on the process by which governments are selected, monitored, and replaced. Therefore, measures for following factor obtained from World Bank database can be used to calculate country political uncertainty index score:
Political Stability and Absence of Violence/Terrorism (PV) – “…capturing perceptions of the likelihood that the government will be destabilized or overthrown by unconstitutional or violent means, including politically‐motivated violence and terrorism…” (The World Bank)
Finally, sourcing uncertainty from supplier’s country due to political issues can be determined using following criterion:
For instance, following sourcing uncertainty due to political issues can be determined
based on country color which can be seen from map below and which are based on calculated political uncertainty index score for each country:
Continue reading Leveraging Data on Political Stability to manage Global Sourcing Uncertainty