Supply Chain Risk Management (SCRM) Videos and Training.

Supply chain risk management (SCRM) is the process of identifying, assessing, and mitigating risks that may impact the supply chain. SCRM training typically covers a range of topics related to identifying and managing risks in the supply chain, including:

Identifying risks: This may involve identifying potential sources of risk, such as suppliers, logistics providers, and regulatory environments.
Assessing risks: This may involve evaluating the likelihood and impact of potential risks, as well as the potential consequences of those risks.
Mitigating risks: This may involve implementing strategies and processes to reduce the likelihood or impact of risks, such as diversifying the supply base, implementing contingency plans, or implementing risk management tools and technologies.
Monitoring and reviewing risks: This may involve ongoing monitoring of the supply chain to identify new or emerging risks, as well as reviewing and updating risk management strategies as needed.

SCRM training may also cover topics such as supply chain visibility, supplier relationship management, and crisis management. Overall, the goal of SCRM training is to help organizations develop the skills and knowledge needed to effectively identify and manage risks in the supply chain, in order to maintain the continuity and efficiency of their operations.

Here are a collection of videos on supply chain risk management (SCRM). If you want a quick summary of SCRM the first two videos are 5 minutes or less. For more details the third video is about an hour long.

Supply Chain Risk Management (SCRM) Video is about four minutes.

Video is about 5 minutes.

Management of Supply Chain Risk. Hour long video.

SCM Quotes

“Supply chains cannot tolerate even 24 hours of disruption. So if you lose your place in the supply chain because of wild behavior you could lose a lot. It would be like pouring cement down one of your oil wells.” ~Thomas Friedman.
“When people create business cases for automation it is primarily about efficiency gains. Automation also helps greatly with SCRM because labor can cause many issues (labor shortages).” ~Dave Waters
“The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” ~Mark Zuckerberg.
“Smart companies fail because they do everything right. They cater to high-profit-margin customers and ignore the low end of the market, where disruptive innovations emerge from.” ~ Clayton Christensen
“The goal is not to improve one measurement in isolation. The goal is to reduce operational expenses AND reduce inventories and increase throughput simultaneously.” ~Eliyahu M. Goldratt
“Why can obtaining funding for supply chain risk management be difficult? It’s because SCRM is a cost avoidance, not a cost savings. However, with the recent events of the pandemic and wars supply chain risk management is on the minds of executives much more than it ever as been.” ~Dave Waters
“Technologies that are emerging today will soon be shaping the world tomorrow and well into the future – with impacts to economies and to society at large. Now that we are well into the Fourth Industrial Revolution, it’s critical that we discuss and ensure that humanity is served by these new innovations so that we can continue to prosper.” ~Mariette DiChristina