Supply Chain Resiliency
|1. Supply Chain Resiliency is level of strengthening of the supply chain against disasters.
Related Terms: Supply Chain Business Continuity Management
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)