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The terrorist attacks of 9/11 were the defining event for modern supply chain security. Before 9/11 supply chain security was primarily the concern of the insurance and risk management industries; after the attacks more structured approaches were implemented. Early efforts were dominated by concerns over the use of maritime shipping to deliver ...
A supply chain attack is a cyber-attack that seeks to damage an organization by targeting less secure elements in the supply chain. [1] A supply chain attack can occur in any industry, from the financial sector, oil industry, to a government sector. [2] A supply chain attack can happen in software or hardware. [3]
Supply-chain risk management is aimed at managing risks in complex and dynamic supply and demand networks. [1] (cf. Wieland/Wallenburg, 2011)Supply chain risk management (SCRM) is "the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity".
Total Security Management (TSM) is the business practice of developing and implementing comprehensive risk management and security practices for a firm’s entire value chain. This business process improvement strategy seeks to create added value for companies by managing security and resilience requirements as core business functions rather ...
an "extended" supply chain includes suppliers of the immediate supplier and customers of the immediate customer; an "ultimate" supply chain includes all of the organizations involved in the supply of the product or service. In each case, the flow of information and finances is part of the chain as well as the product or service. [10]
Supply chain sustainability is a business issue affecting an organization's supply chain or logistics network, and is frequently quantified by comparison with SECH ratings, which address social, ethical, cultural, and health footprints. These build on the triple bottom line incorporating economic, social, and environmental aspects.
Digital supply chain security refers to efforts to enhance cyber security within the supply chain.It is a subset of supply chain security and is focused on the management of cyber security requirements for information technology systems, software and networks, which are driven by threats such as cyber-terrorism, malware, data theft and the advanced persistent threat (APT).
Quality issues; Noticeable lags in response time to inquiries; Foreign asset violations; Changes in any of these conditions can be defined as parameters for raising an alert. For example, a financially stable supplier may in fact be about to lose it CEO to retirement – which may cause issues within the management team. Early visibility into ...
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