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ISM-NJ Webinar "Risk-Basked Decision Making for Supply Chains"

September 22, 2020
10:00 AM to 11:00 AM
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Webinar


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ISM-NJ Webinar "Risk-Basked Decision Making for Supply Chains"

We live in an environment rife with volatility, uncertainty, complexity, and ambiguity. Navigating in these waters is not easy. Supply chain professionals know the pain and chaos that can come from a serious disruption – a missed delivery or part shortage, quality problem, or even a huge, unanticipated swell in demand. Drilling down to root cause of a disruption is essential, but reactive. Using risk-based decision making enables companies to take a more proactive approach, considering potential risks as part of every decision, and building prevention and risk mitigation into every aspect of the business.

    • Definition of a VUCA environment
    • Five domains of decision making
    • Four types of decision making
    • Three factors for success

Speaker Jane Tierney, Founder of purple link

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