The Evolution of Supply Chain Risk Management: From Manual Methods to AI-Driven Solutions
Tech-driven supply chain risk management solutions are changing the game
Global commerce has entered an era of volatility where disruptive events have grown in both scope and frequency, making it more complex than ever to ensure supply assurance. Companies that embrace AI-driven, connected risk management solutions will thrive—while those stuck in siloed, manual mode risk not being equipped to deal with the pace and uncertainty of modern disruptions.
Supply chain risk management solutions have come a long way
When it comes to supply chain risk management, a modernized approach can mean the difference between a minor impact and a massive one. Simply put, humans have limitations that technological solutions do not. AI- and automation-based supply chain risk management solutions have greatly evolved the speed and precision with which companies can identify, evaluate, and mitigate supply chain disruptions.
Explore our infographic to compare older methods to newer supply chain risk management solutions.
Sample comparison of old vs modern methods
Before |
Now |
||
|---|---|---|---|
|
Identifying supply chain disruptions |
An unwelcome phone call from a supplier or a news headline | vs. | AI-based risk detection tools as an early warning system |
|
Understanding the impact |
Manual research into the impacts of the supply chain disruption | vs. | Supply chain mapping and business risk dashboards to instantly identify impacted supply partners |
|
Acting on risk events |
Navigating silos and engaging in manual outreach | vs. | End-to-end, unified platforms that let teams collaborate toward a resolution swiftly and effectively |
|
Learning from past events |
Lessons learned from disruptive events are lost to turnover or siloed teams | vs. | AI and automation let brands catalog events for future learning |
Sample comparison of old vs modern methods
| Identifying supply chain disruptions How is the company notified about the event? |
|---|
| Before An unwelcome phone call from a supplier or a news headline vs. Now |
| Understanding the impact How and where has the event affected operations? |
| Before Manual research into the impacts of the supply chain disruption vs. Now |
| Acting on risk events Now that the company is aware, how do they respond? |
| Before Navigating silos and engaging in manual outreach vs. Now |
| Learning from past events Is there a historical record for future evaluation? |
| Before Lessons learned from disruptive events are lost to turnover or siloed teams vs. Now |
The future of supply chain risk management solutions
It’s crucial for supply management and operations teams to adapt to the times. Desperate emails, spreadsheets, and late-night phone calls should be replaced by connected teams, cloud-enabled collaboration, AI, and automation.
E2open has pioneered several innovations in supply chain risk management. With e2open, brands can loop in every stakeholder to identify alternate suppliers, assess customer impact, and execute a proactive, informed, and coordinated response to disruptions in record time, all through a single connected platform.
If you’d like to learn more about the value of modernizing your supply chain risk management solutions, download our infographic today.
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