#SupplyFest: ‘Data without action is a terrible, terrible crime’

Share on Facebook0Tweet about this on Twitter0Share on LinkedIn0Share on Google+0Share on Reddit0Share on StumbleUpon0Share on TumblrEmail this to someone

Accenture’s Paul Stanley discussed how businesses can close the information gap in supply chain risk management at Supply Fest 2014.

paulstanley

According to Stanley, volatility or risk to the supply chain is at its highest level since 1970s. It is important for organisations to use information to mitigate supply risk.

He said: “When we look at information on how companies communicate to their supply chains, it is very audit-driven, very static and data is only appropriate for known risks.

“The effort is focused on mitigating the risk we perceive. What is more difficult to respond to are random events.”

He explained there are three key trends worth being aware when it comes to supply chain risk. The first is global exposure.

He said: “The depth and spread of global supply chains can create masks.” For example, the horsemeat issue last year.

The second is risk evolution such as environmental and social threats and the third is informal information we get by living in a connected world.


Share on Facebook0Tweet about this on Twitter0Share on LinkedIn0Share on Google+0Share on Reddit0Share on StumbleUpon0Share on TumblrEmail this to someone
Tagged under

Supply Fest 2013: Mike Buffham

000000Director of Product and Supplier Management, Premier Farnell...
Read more

Supply Fest 2013: Christiaan Maats

000000Founder, Oat Shoes – 100% biodegradable shoes –...
Read more

Supply Fest 2013: Javier Huerta

000000VP of Group Supply Chain Strategies, Unilever –...
Read more

Supply Fest 2013: Howard Marks

000000AKA Mr Nice The roots of the drug...
Read more

Customer Focus 2014: Laura Tenison MBE

000000Founder, Jojo Maman Bébé While men think about...
Read more

Customer Focus 2014: Carlos Piera Serra

000000CEO, Delivering Happiness Spain After they go through...
Read more