Global Supply Chain Resiliency Council Recognizes Risk Management Initiatives

By Nikita Saharia Chaturvedi

March 27, 2015 at 9:22 AM

The Global Supply Chain Resiliency Council may help leaders in procurement with an issue that has challenged them for a while: Measuring and recognizing corporate initiatives that manage risk. 

Bindiya-1.jpgProcurement leaders participating in a recent My Purchasing Center Executive Roundtable discussion agreed that their teams are spending time managing risk but that they don’t have the tools to measure and report their performance at preventing disruptions to the supply chain. 

In a podcast interview, Bindiya Vakil, Founder and CEO of Resilinc, a cloud provider of supply chain resilience and risk management intelligence and analytics, says that the Global Supply Chain Resiliency Council’s award and recognition program, which is core to its being, may help fill that gap. 

Vakil says that many companies have not developed metrics or incentives for managing risk. “We want to change that. Companies are focused on near-term metrics and need to look at their business strategically. Those who do the right thing and take the long-term view stand out.

“The Council has a strategic approach to measure and articulate what’s best in class and can help elevate the amazing work being done by these thought leaders,” she says. “We want more companies to become aware of the success they are having and invest in this important capability.”  

The Global Supply Chain Resiliency Council brings together supply chain risk management and resiliency practitioners with luminaries and educators to advance the professional discipline through opportunities to collaborate, develop and share best practices, and be recognized for innovation and leadership. A key goal of the Council is to elevate the profile of supply chain resiliency business challenges and opportunities through the corporate strategic agenda. 

The Council originated as a LinkedIn Group called SCRM Experts founded by Resilinc in 2010 with more than 500 members comprised of supply chain thought leaders, educators, industry executives and supply chain students. 

Competitive Advantage

“Our message to procurement and supply chain is two-fold,” Vakil tells My Purchasing Center. “Resiliency is a critical capability for an organization’s long-term success. If you need to build this awareness within your organization, you are not alone. You can join the Council and meet professionals and learn from them how they built a business case.” 

The second key takeaway, she says, is that supply chain resiliency is no longer a nice-to-have. "Our supply chains are extremely complex and we are far too manual and reactive. Your competitors are using this capability for competitive advantage. Through the Council’s awards program they are being recognized globally. You can’t ignore it any longer.” 

 

Bose, Western Digital Receive Awards for Managing Supply Chain Risk 

The Global Supply Chain Resiliency Council recently presented awards for supply chain resilience and risk management excellence at an annual event that took place recently in Santa Clara, Calif.

The awards program recognizes organizations and individuals serving as role models and leaders in driving supply chain resiliency strategy success within their company, supply chain network, and across industries. The awards committee considered nominations received from suppliers, customers and experts from the Council’s technical advisor, Resilinc. The five award categories and recipients announced are:

  • Resilient Supply Chain Partner of the Year: Bose Corporation. This overall award was based on criteria and input related to customer collaboration practices and culture, technology adoption, and overall breadth and maturity-level of processes in place, as well as the organization’s commitment to institutionalize best practices and demonstrate innovation and continuous improvement over time. Eric Dwinells, Senior Director of Global Supply Chain Management, and Michelle Dinsdale, Global Supply Chain Manager, accepted the award on behalf of Bose.
  • Resilient Supply Chain Technology Driver of the Year: Western Digital. This award recognizes the company that is most advanced in terms of technology adoption, the use of technology to achieve customer-supplier collaboration, and the overall maturity-level of technology-enabled processes and best practices in place. In addition, the committee considered organizational culture as it relates to technology adoption and risk taking, as well as the organization’s commitment to leveraging innovation and driving continuous improvement over time. Rubik Babakanian, Senior Vice President and Chief Procurement Officer, and Damian Flynn, Supply Chain ERM Manager, accepted the award on behalf of WD.
  • Resilient Supply Chain Educator of the Year Award: Professor Sandy Boyson, University of Maryland. This award recognizes the educator that best supports further development of university-level education programs focusing on supply chain operations and resiliency and is best preparing the next generation of supply chain risk management superstars with hands-on training using real life scenarios, tools and case studies. It also recognizes educators that play an important role in cross-pollinating ideas and strategies between academia and the business community. Sandy Boyson is a Research Professor and Co-Director of the Supply Chain Management Center at the University of Maryland, Robert H. Smith School of Business.
  • Resilient Supply Chain Professional of the Year: Bob Scott, Linear Technology.  This award recognizes individual success in championing the importance of supply chain resiliency within one’s company and being a change agent. The individual’s efforts to advance the profession across the industry – by sharing best practices, successes and lessons learned, via active participation in industry events and media communication opportunities – was also a consideration in the selection process. Bob Scott is a Director of Business Development at Linear Technology and accepted the award on behalf of himself and the company Chief Operating Officer, Alex McCann.
  • Resilient Supply Chain Collaborator of the Year: EMD Millipore. This award recognizes the supply chain partner that collaborates most effectively with customers for mutual benefit. The Collaborator of the Year is proactive, responsive, transparent, willing to share appropriate information, and committed to working with its customers to achieve multi-enterprise supply chain performance excellence. Sebastian Koch, Head of Demand Planning Process Solutions, accepted the award on behalf of EMD Millipore.
Listen to the My Purchasing Center podcast interview, Global Supply Chain Resiliency Council Presents Awards


Tags: purchasing Risk management Supply chain management Metrics Procurement sourcing awards
Category: Blog Post

Nikita Saharia Chaturvedi

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Nikita Saharia Chaturvedi is a Contributing Editor with My Purchasing Center. Readers may reach her by email at nsaharia@mediasolvegroup.com or follow her on Twitter @nikitamarketeer.


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