This PPT slide, part of the 25-slide COVID-19: Supply Chain Recovery PowerPoint presentation, presents 2 critical concepts in supply chain management: Time to Recover (TTR) and Risk Exposure, particularly in the context of disruptions like COVID-19.
TTR is defined as the duration required for a specific node—be it a supplier facility, distribution center, or transportation hub—to regain full operational capability following a disruption. This timeframe is not fixed; it varies based on the scenario at hand. Understanding TTR allows organizations to anticipate potential recovery timelines and prepare accordingly. This insight is crucial for maintaining supply chain resilience and ensuring that operations can resume swiftly after an interruption.
On the other side, Risk Exposure evaluates the potential vulnerabilities associated with suppliers' TTR. It employs a model that quantifies the impact of these risks, focusing on both operational losses, such as decreased production, and financial repercussions, including lost revenue and profit. This dual focus enables companies to gauge the overall performance implications of disruptions.
The slide emphasizes the importance of integrating TTR data with supply chain specifics to pinpoint risk exposure across the network. By doing so, organizations can identify which areas are most susceptible to disruptions and develop targeted strategies to mitigate these risks. This comprehensive approach not only enhances operational readiness, but also supports informed decision-making in uncertain environments. Overall, the insights provided in this slide are essential for executives looking to strengthen their supply chain strategies in a post-pandemic world.
This slide is part of the COVID-19: Supply Chain Recovery PowerPoint presentation.
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COVID-19 Supply Chain Analysis Supply Chain Management Supply Chain Supply Chain Resilience Disruption Transportation Production
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