In recent webinars and presentations, I have been talking about Early Warning Systems within the context of supply chains. The news story above made me think of several examples where a supply chain would use similar concepts to develop early warning metrics.
Setting up a supply chain performance measurement system? Here are 5 things to know
While major supply chain consequences aren’t usually life threatening, you can bet they have a huge impact on you, your organization, and your customers. Your goal is to prevent problems early but it doesn’t always happen.