What If?- Supply chain simulations deliver the answers to complex questions

Supply chain simulations deliver the answers to complex questions. Models like SCM globe's use predictive data analytics to pinpoint areas of risk and highlight the severity of potential disruptions based on different risk appetites.

- By Damien Martin

The best supply chain managers are always thinking about what could go wrong. They institute policies to ensure things go right, of course, but they're always probing, trying to find the faults in their plans. With suppliers and facilities spread across the globe, there are a lot of links in most supply chains, and a lot of ways they can break. To help discover those flaws and determine how to fix them before it's an emergency situation, the best supply chain managers run simulations to manage risk. They figure out what could go wrong, then fix it before it does.

Before there's a problem

While Covid provided the biggest supply chain disruption any of us has ever seen, it was - we hope - a rare event. Natural disasters, meanwhile, are a yearly occurrence. They're something supply chain managers will have to deal with at some point. What if a hurricane took a factory offline, or closed a major port or highway? How would your organization respond? Resilinc's Hurricane Simulation Model can help provide answers to key questions that will form the basis for an emergency plan. Running through various scenarios in a supply chain simulation provides the knowledge necessary for quick, effective decisions that will reconnect the links in the chain or form new ones when disaster strikes.