Supply Chain Risk Management
Supply chain risk management is usually not applied across departments in companies. As a result, valuable information for presenting risks in the context of supply and production networks is lost. In addition, risk management is usually not used preventively, but only in the event of a specific loss.
LOOMEO SCM supports the development of a company-specific risk model for the early detection of structural weaknesses in supply chain design.
This is LOOMEO SCD
LOOMEO SCD acts as a digital twin that supports the end-to-end view in supply chains. Through an intelligent data model, the relationships within the complex supply and production network can be mapped. This allows risks to be assessed not only in relation to themselves but in the context of the supply and production network.
Visualization in World map
Monitor the state of your supply network in real time on an interactive world map – from tier-n suppliers to customers. Uncover dependencies and threats in your supply chain to avoid risky situations and costs.
- Coloring critical regions
- Management suitable visualization
- Focusing on the essentials through filters
Risk assessment via Cluster Score
The use of the cluster risk score enables the preventive identification of risk hotspots in the supply chain. Critical elements are evaluated in the context of the entire supply chain. Derive countermeasures for these hotspots in time to mitigate the risk level in the supply chain.
- Considering risks in the supply chain context
- Identification of risk hotspots
- Analysis functions enable reduction of complexity
Collaboration in Risk mitigation
In risk management, the implementation of the defined countermeasures is an essential step in the risk management process. Effective implementation of the measures is only possible across departments. A Kanban Board enables collaboration between the various departments in order to reduce risks in the supply chain and ensures transparency in the implementation of countermeasures.
- Define appropriate countermeasures
- Cross-functional collaboration
- Transparency about status of countermeasures