|
Supply Chain Resilience
Supply chain resilience is "the capacity of a supply chain to persist, adapt, or transform in the face of change".Wieland, A., & Durach, C. F. (2021). Two perspectives on supply chain resilience. Journal of Business Logistics. https://doi.org/10.1111/jbl.12271 Origins Around the turn of the millennium, supply chain risk management has attempted to transfer traditional risk management approaches from the "company" system to the "supply chain" system. However, the scalability of traditional risk management steps (identification, assessment, treatment and monitoring of risks) quickly reaches its limits: It is entirely possible to identify all conceivable risks within a company; However, a supply chain often consists of thousands of companies – the attempt to identify all possible risks in this system is therefore much more complex, if not in vain. It is a popular concept in contemporary supply chain management. It has therefore been argued that the complexity of supply chains req ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply Chain Risk Management
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". SCRM applies risk management process tools after consultation with risk management services, either in collaboration with supply chain partners or independently, to deal with risks and uncertainties caused by, or affecting, logistics-related activities, product availability (goods and services) or resources in the supply chain. Supply chain exposures SCRM attempts to reduce supply chain vulnerability via a coordinated, holistic approach ideally involving all supply chain stakeholders, collectively identifying, analysing and addressing potential failure points or modes within or affecting the supply chain. Risks to the supply chain range from unpredictable natural events (such as tsunamis and pandemics) to counterfeit products, and re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply Chain Management
In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers. A more narrow definition of supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally". This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. SCM is the br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engineering Resilience
In the fields of engineering and construction, resilience is the ability to absorb or avoid damage without suffering complete failure and is an objective of design, maintenance and restoration for buildings and infrastructure, as well as communities. A more comprehensive definition is that it is the ability to respond, absorb, and adapt to, as well as recover in a disruptive event. A resilient structure/system/community is expected to be able to resist to an extreme event with minimal damages and functionality disruptions during the event; after the event, it should be able to rapidly recovery its functionality similar to or even better than the pre-event level. The concept of resilience originated from engineering and then gradually applied to other fields. It is related to that of vulnerability. Both terms are specific to the event perturbation, meaning that a system/infrastructure/community may be more vulnerable or less resilient to one event than another one. However, they a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Closed System
A closed system is a natural physical system that does not allow transfer of matter in or out of the system, althoughin the contexts of physics, chemistry, engineering, etc.the transfer of energy (e.g. as work or heat) is allowed. Physics In classical mechanics In nonrelativistic classical mechanics, a closed system is a physical system that does not exchange any matter with its surroundings, and is not subject to any net force whose source is external to the system. A closed system in classical mechanics would be equivalent to an isolated system in thermodynamics. Closed systems are often used to limit the factors that can affect the results of a specific problem or experiment. In thermodynamics In thermodynamics, a closed system can exchange energy (as heat or work) but not matter, with its surroundings. An isolated system cannot exchange any heat, work, or matter with the surroundings, while an open system can exchange energy and matter. (This scheme of definition of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multiple Sourcing
Multiple may refer to: Economics *Multiple finance, a method used to analyze stock prices *Multiples of the price-to-earnings ratio *Chain stores, are also referred to as 'Multiples' *Box office multiple, the ratio of a film's total gross to that of its opening weekend Sociology *Multiples (sociology), a theory in sociology of science by Robert K. Merton, see Science *Multiple (mathematics), multiples of numbers *List of multiple discoveries, instances of scientists, working independently of each other, reaching similar findings *Multiple birth, because having twins is sometimes called having "multiples" *Multiple sclerosis, an inflammatory disease *Parlance for people with multiple identities, sometimes called "multiples"; often theorized as having dissociative identity disorder *Multiple myeloma (MM), a cancer that forms in a type of white blood cell (WBC) called plasma cells. Printing *Printmaking, where ''multiple'' is often used as a term for a print, especially in the US ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecological Resilience
In ecology, resilience is the capacity of an ecosystem to respond to a perturbation or Disturbance (ecology), disturbance by resisting damage and subsequently recovering. Such perturbations and disturbances can include stochastic events such as fires, flooding, windstorms, insect population explosions, and human activities such as deforestation, fracking of the ground for oil extraction, pesticide sprayed in soil, and the Introduced species, introduction of exotic plant or animal species. Disturbances of sufficient Magnitude (mathematics), magnitude or duration can profoundly affect an ecosystem and may force an ecosystem to reach a Ecological threshold, threshold beyond which a different regime of processes and structures predominates. When such thresholds are associated with a critical or bifurcation theory, bifurcation point, these regime shifts may also be referred to as critical transitions. Human activities that adversely affect ecological resilience such as loss of biodiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social-ecological System
A social-ecological system consists of 'a bio-geo-physical' unit and its associated social actors and institutions. Social-ecological systems are complex and adaptive and delimited by spatial or functional boundaries surrounding particular ecosystems and their context problems.Glaser, M., Krause, G., Ratter, B., and Welp, M. (2008) Human-Nature-Interaction in the Anthropocene. Potential of Social-Ecological Systems Analysis. ebsite Available from: ssessed: 28 Feb 2020/ref> Definitions A social-ecological system (SES) can be defined as:Redman, C., Grove, M. J. and Kuby, L. (2004). Integrating Social Science into the Long Term Ecological Research (LTER) Network: Social Dimensions of Ecological Change and Ecological Dimensions of Social Change. Ecosystems Vol.7(2), pp. 161–171. (p. 163) # A coherent system of biophysical and social factors that regularly interact in a resilient, sustained manner; # A system that is defined at several spatial, temporal, and organisationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
System Of Systems
The term system of systems refers to a collection of task-oriented or dedicated systems that pool their resources and capabilities together to create a new, more complex system which offers more functionality and performance than simply the sum of the constituent systems. Currently, systems of systems is a critical research discipline for which frames of reference, thought processes, quantitative analysis, tools, and design methods are incomplete. referred to system of systems engineering. Overview Commonly proposed descriptions—not necessarily definitions—of systems of systems, are outlined below in order of their appearance in the literature: # Linking systems into joint system of systems allows for the interoperability and synergism of Command, Control, Computers, Communications and Information (C4I) and Intelligence, Surveillance and Reconnaissance (ISR) Systems: ''description in the field of information superiority in modern military''. # System of systems are large-sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Crisis
''Climate crisis'' is a term that is used to describe global warming and climate change and their effects. This term and the term ''climate emergency'' have been used to emphasize the threat of global warming to Earth's natural environment and to humans, and to urge aggressive climate change mitigation and transformational adaptation. The term ''climate crisis'' is used by those who "believe it evokes the gravity of the threats the planet faces from continued greenhouse gas emissions and can help spur the kind of political willpower that has long been missing from climate advocacy". They believe, much as ''global warming'' provoked more emotional engagement and support for action than ''climate change'', calling climate change a crisis could have an even stronger effect. A study has shown the term ''climate crisis'' invokes a strong emotional response by conveying a sense of urgency. However, some caution this response may be counter-productive and may cause a backlash due t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply Chain Management
In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers. A more narrow definition of supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally". This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. SCM is the br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
