I cannot agree less. The effective mapping that is presented should be impulsive at the earlier stages to mitigate any chances of greedy agencies to cut down quality. At the very least, there should be a level of inspection via sampling and at this level, sustainability is a key factor vis-à-vis a timely delivery based on demand. As we know that to improve the supply chain performance, managers should know exactly what is happening along their supply chain and every framework should be given a close look. Through this, supply chain mapping will deliver insights into the complexity of the supply network and this should undoubtedly be the first step in any business if performance or overall sustainability is to be improved.

Supply chain mapping has been quite beneficial in my organization. I was wondering how it will be applicable in the financial sector, but come to think of it, it is everywhere in its operation. It is quite complex and more of an ultimate supply chain. It helps manage the flow of goods, services and knowledge.

My organization applies the SWOT analysis, it leverages on its strengths and opportunities and for its weaknesses and threats, it focuses on outsourcing, from market research firms, to staffing, training, maintenance (building, equipment and machines), cash evacuation (logistics), IT supplies (computers, counting machines, POS, ATM) etc. 

Supply chain mapping has been beneficial to my organization because it has increased efficiency, cycle time reduction, cost and time saving, reduced risk level, increased profit level. A little example in the aspect of risk. In fraud cases among outsourced staff, the sourcing company goes after guarantors and recovery of funds. This saves a lot of time from such distraction and the risk management is borne by another body. Another example is in the evacuation of cash, insurance coverage helps mitigate against loss of funds in the sitaution of an accident, theft or robbery. In the aspect of IT, supply of equipment is accompanied by maintenace and repair services. It doesn't stop at ordering equipment, it goes further in the map to maintenance, repair and replacement. 

A striking benefit is that the map relies on multiple suppliers and brands. It is a great risk mitigant. 

Last edited by nnzewi (5/05/2020 1:25 am)

@Cynthia

i agree on the benefits to using the supply chain map to identify risks and such.  

in your post, you said: Supply chain mapping would help with monitoring threats and avoiding possible disruptions. Disruptions could emanate from a supplier’s supplier hence the need to be aware of the origin of her components. The mapping would help to know how to respond when these disruptions occur. 

Today, how, if any, does your organization identify and mitigate potential risks?  Do you have contingencies in place in the event of disruptions?

Thank you
Angela

Thanks Cynthia for your summarized benefits of supply chain mapping to your organization. I agree with your view that it helps your organization to know the potential disruptions in the course of your supply chain activities. This will always help in planning to minimize the risk, hence reduce cost.

Last edited by Mo (5/09/2020 12:32 pm)

@Karen  
I agree on having transportation relationship as an alternative option to save more time to delivery in the event of disruption.  At the same time its recommended for the organizations when mapping their supply chain to look beyond teir-1 suppliers (alternative suppliers) for contingency plan as part of mitigation to the potential risks, having multiple suppliers from different sources and locations, will also help to reduce time in exploring alternative approaches in the event of the disruption, which will also avoid cost increase, delay and reputation damage.

Thanks 
Haiz