Supply Chain Resiliency

1. Supply Chain Resiliency is level of strengthening of the supply chain against disasters. Business Continuity Management Supply Chain Resiliency 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: Business Continuity Management Institute - BCM Institute) 2. A term describing the level of flexibility of the supply chain against disasters. (Source: The Logistics & Supply Chain Management Society http://lscms.org/scm-dictionary)