How an outside perspective can help an organization enhance their supply chain risk mitigation strategy

Abstract

As a consequence of globalization, enterprise supply chains have extended, become more complex, and become increasing vulnerable to disruption. To improve their resiliency to supply chain disruption, both commercial and government organizations have increasingly turned to Supply Chain Resource Management, or SCRM, which requires an enterprise to have full visibility into their supply chain and a shared understanding throughout the organization of supply chain risk. SCRM also requires organizations to periodically rethink and update their risk management strategy. To mitigate the risk of Groupthink and other forms of internal cognitive bias, organizations sometimes seek out external expertise when updating their SCRM strategy. In this case, an academic team of specialists from Mercyhurst University was brought in to assist a government client by first examining how comparable civilian and government organizations approached SCRM and then proposing a tailored solution based on risk categorization, quantification, documentation, and analysis.