Supply Chain Risk Management Software

Supply chain operations are exposed to many risks, and research shows that supply chain managers spend 40-60% of their work time handling disturbances. This need not be the case. Enhanced understanding, planning, and management can minimize the costs of risk and maximize business objectives.

anyLogistix (ALX), supply chain risk management software, is a platform for risk assessment. It allows users to replicate a supply chain network and simulate its operations, making allowance for the uncertainties and stochastics of the real world. This is achieved with ALX simulation modeling technology and cannot be done using traditional analytical risk management tools. In addition, simulation in ALX allows users to test multiple network or policy change scenarios to increase the supply chain resilience and define contingency plans.

Data reflecting the status of a supply chain can be fed into a simulation model to create a supply chain digital twin. This enables quick and informed decision-making when it is needed most – as a situation is developing. With ALX, risk mitigation is achieved not only with planning but also through effective response.

ALX is able to handle both operational and disruptive risks.

Operational risks

Simulation modeling in ALX allows you to include randomness in your supply chain model. By running the model multiple times, with varying parameters, you can see how instability can affect supply chain operations. This enables you to assess risks quantitatively, calculating the both the event’s probability and its associated losses.

Supply chain risk analysis with anyLogistix

Estimate supply chain operational risks, such as:

  • The bullwhip effect
  • Demand fluctuations, including those caused by forecasting errors and bullwhip effect
  • Risks associated with delays in transportation, damage or loss of goods, scrap
  • Stock-outs at your own or suppliers’ facilities due to unaligned inventory policies
  • Equipment breakdowns at production
  • Changes in tariffs, taxes, industry or ecological regulations

Disruptive risks

What-if scenarios enable you to stress-test your supply chain in emergency situations. The flexibility of ALX allows you to simulate any disruptive event and see how it would affect your company. For instance, test your supply chain’s resilience to:

  • The bankruptcy of suppliers or logistics providers
  • Damage of transportation or production infrastructure due to natural or man-made disasters
  • Economic and political crises
  • The ripple effect

For a deeper dive into supply chain risk analysis with anyLogistix, you can watch the following how-to video.

Having quantified the risks, you can design a network that both minimizes possible losses and advances business objectives. ALX informs decision making and enables you to operate a lean and resilient supply chain.

How Digital Twins Help Manage Risks
in Supply Chain

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