Open Access
Journal Article
Supply Chain Analytics and Risk Management
by
Olivia Johnson
ORS 2023 5(2):42; 10.69610/j.ors.20230919 - 19 September 2023
Abstract
This paper explores the critical role of supply chain analytics in enhancing risk management within the contemporary business landscape. It delves into the complexities of supply chain operations, highlighting the increasing vulnerability to disruptions and the need for effective risk assessment and mitigation strategies. The use of analytics in identifying potential risks, pre
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This paper explores the critical role of supply chain analytics in enhancing risk management within the contemporary business landscape. It delves into the complexities of supply chain operations, highlighting the increasing vulnerability to disruptions and the need for effective risk assessment and mitigation strategies. The use of analytics in identifying potential risks, predicting market trends, and optimizing supply chain performance is discussed at length. The paper further examines various analytical tools and techniques that can be employed to analyze data, monitor supply chain health, and make informed decisions. It also addresses the challenges associated with integrating analytics into existing supply chain management practices and the importance of fostering a data-driven culture. Through a comprehensive review of case studies and industry best practices, the paper underscores the strategic advantages of leveraging supply chain analytics for risk management, emphasizing the need for continuous improvement and adaptability in today's dynamic market environment.