Corporate

Risk and Uncertainty

 Is risk a synonym for uncertainty? The thesaurus in Microsoft Word suggests that it is and a Google search confirms it however, when thinking about managing supply chains, there are a different set of actions for risk than those taken to address uncertainty.  The primary supply chain actions to reduce risk involve alternate sourcing, inventory

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“We supply the science – you supply the art”

In October, I attended the i2030 National Manufacturing Summit in Ottawa Canada, co-hosted by industry groups the CME (Canadian Manufacturers and Exporters) and the CMC (Canadian Manufacturing Coalition). The agenda was geared towards manufacturers and, considering our customers worldwide are comprised of OEM, EMS providers and ODMs, it was certainly topical and relevant to Lytica. Many

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Supply Chain Crash Test

Automobile manufacturers are constantly driving their cars into crash structures to see how they stand up. When was the last time that you crash tested your supply chain? What would have happened to your supply chain if Apple had experienced the Samsung battery problem? A year ago no one could have predicted that the number

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Predicting Supplier Failure

The problem of identifying suppliers with a high risk of failure is becoming more serious as talks of interest rate hikes and free trade agreement dissolution become more common. While this blog considers suppliers in an electronics supply chain, the risks and mitigations described apply more broadly. Most companies have strategies and indicators for dealing

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Catastrophic Risk Prevention

Analyze financial health to prevent catastrophic risk in your supply chain With increasing occurrences of disturbing events, such as companies going bankrupt, how to predict and prevent the catastrophic risk becomes one of the most important considerations of executives and managers. Such events could adversely impact production and order fulfillment, resulting in financial loss as

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