Question

Emerging Risk Brief Identify an emerging issue directly connected to either a job that you have had in the past, or one that you hope to have in the future. The issue should be something that you believe will change the risk profile for you, your firm, or a larger group of society, now or in the future. Good information sources include the popular and trade press, and TV or radio news. Your task is to describe the issue and explain how it might influence you, your firm's, or a larger group of society's risk profile. Be complete. Talk about not only the kinds of risks it will influence, but the frequency, severity, and velocity (how rapidly they will develop) of those risks. Talk about what actions might be taken to address the risks. Then make a recommendation about how to handle them, and justify your recommendations. Expected length: 3-4 pages.

Answer 1

Supply chain management is a process which is used by companies to maximise the efficiency and to ensure the quality control.

The five basic components of supply chain are as follows.

1. Plan

2. Develop

3. Make

4. Deliver

5. Return.

1-Plan-

Planning is the first stage of a supply chain. A plan is developed for the actual need of the customer. For a profitable supply chain good planning is very essential. For proper resource management and customer satisfaction supply chains are developed to maintain high profits and correct delivery to the customers.

2-Develop-

Development is the second stage for the supply chain, How the source or the raw material supplier interacts with the company and provide a better service is ensured in this section. It also plans for shipping, delivery and payment. Developing relations with the suppliers is very important as raw material's quality should be constant.

3-Make-

In third stage product is manufactured , packed , shipped and delivered to the customer, This is a manufacturing step hence it plays a big role in the goals of a supply chain because if the production is slow or any part of the making reduces it speed it effects the whole system.

4-Deliver-

Delivery is the fourth part of the process in which the product is handed over to the logistics , The products are distributed with the help of warehouses and payments are collected via invoice system.

5-Return-

Return is the final part of the supply chain in which the customer can return the defective or faulty products and company can raise questions on the same..

Each of above components have their own significance in creating an effective supply chain. Main goals explained above should be strictly followed to ensure the quality and effectiveness of the chain.

Safeguarding a supply chain is one of the most essential task for an organisation. Supply Chain needs constant analysis of different factors including factors of the supply chain.

For safeguarding the supply chain from the natural disasters following things can be done

Weather forecasting

Analysis of the weather forecasting before starting Logistics and always finding an alternative as well as substitute for the specific situation should be implemented. The times weather forecasting requires specific I on the overall weather condition of the different factors of the supply chain. Location of the manufacturer as well as the Logistic team can be very influential in determining the overall effect of the natural disasters over the supply chain.

Electronically secured

Every supply chain should be electronically secured as well as maintain. This is Pacific security and maintenance directly provides an internship support to the overall structure of the supply chain as well as maintain the efficiency as well as productivity of the supply chain. By having an electronic secure method would be very beneficial for a supply chain to maintain the specific efficiency.

Logistic alternative

Finding the Logistic alternative is also going to the major task which can be done for avoiding gas during the natural disasters. This is specific alternative would provide extra support to the world structure of the organisation in case of any natural disaster in the primary logistics system fails then the secondary logistics system would be turned on as a backup.

Using buffer

Using larger buffers can also be very beneficial for maintaining the specific usability of the supply chain. Buffering different segments of the supply chain would provide additional back up to the overall structure of the supply chain in case of any natural disaster. As supply chains can span long across the country or the globe buffer would directly provide an additional support to the overall structure of the supply chain.

P.S.- Please leave a comment if any explanation is needed.