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.
Our infographic breaks down the evolution of supply risk management solutions.
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. Below is a sample of how we broke it down.
Identifying supply chain disruptions:
How is the company notified about the event?
Understanding the impact:
How and where has the event affected operations?
Acting on risk events:
Now that the company is aware, how do they respond?
Learning from past events:
Is there a historical record for future evaluation?
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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