Supply Chain Event Management Definition
Supply chain event management (SCEM) is the proactive and reactive identification, assessment, and resolution of issues that can impact supply chain operations. SCEM encompasses a broad range of activities, including supplier performance management, supply chain risk management, and emergency response planning.
The goal of SCEM is to ensure the uninterrupted flow of goods and services across the supply chain, from raw materials to finished products. To achieve this, organizations must have visibility into all aspects of their supply chains and be able to quickly identify and resolve any issues that may arise.
Traditionally, supply chain management has been focused on optimizing efficiency and cost. However, as global supply chains have become more complex and interconnected, the need for effective SCEM has become increasingly apparent. A disruption at any point in the supply chain can have a ripple effect that impacts businesses up and down the line. As such, SCEM has emerged as a critical function for ensuring business continuity and resilience in the face of disruptions.
There are four key elements to effective SCEM:
1) Visibility: Organizations must have visibility into all aspects of their supply chains in order to identify potential risks and issues. This requires collecting data from across the entire value chain—from suppliers to customers—and using analytics to gain insights into trends and patterns.
2) Assessment: Once risks or issues are identified, they must be assessed in terms of their potential impact on operations. This includes understanding the
