Supply Chain Resiliency: Difference between revisions
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Latest revision as of 17:35, 22 November 2015
1. Supply Chain Resiliency is level of strengthening of the supply chain against disasters.
Related Terms: Supply Chain Business Continuity Management Notes (1): It is the ability of the supply chain to survive, adapt, recover and grow from a disruption in the face of turbulent change and restore, return to normal operations. Notes (2): It is about having the ability to survive a major disruption and subsequently recover, adapting to the changing environment. Notes (3): Focusing on reducing the consequences of a major disruptions instead of predicting or estimating probability of occurrence. Notes (4): Supply Chain Resiliency is one of six ‘outcomes’ that a modern supply chain should have.
(Source: The Logistics & Supply Chain Management Society http://lscms.org/scm-dictionary) |