I have been following the situation with the COVID-19 pandemic since the start and I have developed some insights I think the Supply Chain community might find useful.
A little bit of background how I started accumulating all this information. From the last part of 2019 until mid-January, I had a project that involved a long commute and to pass the time I started listening news podcasts. Continue reading
The first time I had a glance to the total concept of Risk Management was when I was studying to get my Supply Chain Management certification (APCS’ CSCP)
As part of the best practices chapter I learned about the idea of identifying risks on multiple points of the Supply Chain and how to differentiate between Risks and make priorities. Continue reading
The first time I attended a conference about Supply Chain Risk Management I learned the definition of Insurance: The transfer of risk for a fee.
I had to ponder the definition for a few moments before I could digest it, but it is actually true: When you insure your car for total loss, it is the insurance company the one that runs with the risk of the car being damaged in an accident, but you pay a fee for that transfer. Continue reading
This is a personal story of understanding the importance of contingency risk planning.
Many years ago, I was working for this great company and I was about to get married.
The Saturday before my wedding day, somebody came knock on my bedroom door and yelled the company is on fire. At the time I was living around the corner from the said company. I could see the flames through my bedroom window. The warehouse had caught fire. Continue reading
Responsibilities in all companies are always at risk of unexpected personnel changes. Illnesses/injuries, resignations, etc., and some planned ones such as promotions.
I used to work in a multi-national company that kept a very healthy succession plan. Every key position was identified, replacements were identified, training, job rotation, procedures, alignment with career plans were complete. The first time I heard about that plan I was impressed on how focused they were on preventing interruptions in the chain of command. Continue reading