Supply Chain Risk Management
Effective supply chain risk management (SCRM) has a major business impact on most companies. Since the supply chain typically runs across a functional organization, SCRM requires a cross-departmental and ideally E2E approach. Otherwise, it fails to put supply chain risks in a common context, make them comparable, and implement optimal risk mitigation measures. In addition, risk management in many companies tends to be applied reactively, i.e. in the event of a specific failure. There is usually a lack of suitable preventive approaches to build the supply chain more robustly and resiliently through clever design. Here, LOOMEO supports the development of a risk model for early detection of structural weaknesses and for preventive improvement of the supply chain.
This is LOOMEO SCD
LOOMEO SCD works with a digital representation of all relevant elements of your physically existing value chain. This digital twin enables end-to-end visibility into the supply chains from suppliers to end customers. Thanks to the intelligent and flexible data model, all relationships within the complex procurement, production and supply network can be mapped. This allows risks to be assessed not only in terms of the immediate environment, but in the context of the complete suuply chain and business-critical performance indicators.
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.
- Highlighting critical areas
- Easy creation of meaningful reports
- Effective filter functions for reduction to the essentials
Risk assessment via Cluster analysis
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.
- Assessment of risks in the E2E context of the supply chain
- Rapid identification of risk hotspots
- Reduction of complexity through smart analysis functions
Collaborative Risk mitigation
Successful risk management usually requires cross-functional implementation of the defined measures. For this purpose, a common collaboration platform is helpful, on which all parties involved can easily access all information. Here, our Kanban board enables the simple definition, tracking and implementation of all measures across the departments involved and creates the necessary transparency in the implementation process.
- Definition of appropriate countermeasures
- Easy cross-functional collaboration
- Tracking of the implementation status of countermeasures