- Scenario modeling and testing through a digital twin of the supply chain allow planners to instantly assess the impact of oncoming disruptions and evaluate risks
- Businesses can combat challenges before they become problems and mitigate risk
Supply chain resilience
To build resilience, enterprises need oversight of their entire supply chain. They also need to see beyond their immediate ecosystem to analyze and mitigate a whole host of risks, such as geographic issues and complexities, competitor activities, natural disaster potential, workforce health, financial vulnerability, and so much more.
Many enterprises cannot see, forecast, or comprehend these threats on their own. This is where Genpact comes in, with its data analytics, advanced planning, and comprehensive mapping and scenario assessment tools and techniques.
A supply chain resiliency program starts with a culture of preparedness and includes many participants and elements. To drive real enterprise value, advanced risk mitigation must become a living process through four key steps:
1. Mapping the supply chain end to end
2. Setting the framework for a risk management council by:
- Developing and deploying a supply chain risk management system, including people, processes, and tools
- Identifying specific goals and KPIs related to risk mitigation and management
- Creating plans and assigning deadlines
3. Assessing current sales and operations planning (S&OP)
4. Incorporating risk into the ongoing S&OP business framework to drive closed-loop improvements by:
- Driving maturity and metrics for the risk management council
- Prioritizing risk mitigation actions and driving closure
- Developing S&OP risk assessment scenarios