Supply Chain Management Best Practices: Resilience

Posted by PLS Logistics February 25, 2016 at 9:00 AM

Supply chains are diverse and complex – so are the potential risks that could disrupt them. A good supply chain management strategy invests in resilience. Resilience refers to the time it takes supply chains to predict and avoid risk, as well as respond and recover from costly disruptions.

75% of companies experience at least one major supply chain disruption a year.

Supply chains are vulnerable to risk which makes detection time an important metric.

What is detection time? Detection time is the time measured from the instant a supply chain disruption is realized to the time the incident takes place.

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