Contents

• 1. Abstract……………………………………………………………………………2
• 2. SCM Analysis & Mitigation Strategies…………………………………………...4
• 3. Bibliography…………………………………………………………………..…

Description

The report examines the various factors which cause any kind of disruption in supply chain activities from situations like terrorist attacks, natural calamity, cross border issue and many more. The main scope of this paper is to design mitigation strategies to overcome risk linked to supply chain practices. The purpose of the paper is to justify the designed strategy by applying it to real life situation. To delve deep into the concept, two Australian companies have been cited as an example. The “if” situations of disruption system delays and many more which causes any kind of delay or disruption in supply chain management has been dealt individually with these companies. This helps us to get an estimate of the amount of loss incurred by the company as supply chain gets disrupted. The other part of the report focuses on mitigation strategies that can be designed to overcome tons of losses.
The later half of the paper analyses these strategies and lists various advantages of optimum supply chain management. In the past couple of years, business activities conducted across globe has become complex and also unpredictable. The problem here is that companies are charting out ways to come out of uncertainty situation as this situation will snatch away anything at any point of time.
The literature draws attention on modern supply chain practices which are adopted by managers in rapidly changing world. But it will not be wrong to quote that the modernistic supply chain management and other practices are becoming more vulnerable to situation of uncertainty and risk at every step of supply chain management. The report relies on the research conducted on two Australian companies in regard to supply chain practices which are maintained globally. The companies discussed in question are milk tea bar and Chinese restaurant, having a different supply chain management practice in terms of logistics and warehousing .The recent trend in supply chain management which is accompanied by just in time inventory is more prone to risk. This lean supply chain management increases external risk and as a result it becomes imperative for organizations to alter strategies to manage risk and vulnerabilities associated with it.