Managing the supply chain is now a major concern in most organizations due to uncertainties and unpredictable circumstances and or incidents that may have a negative impact on the supply chain itself. Hence, it is vital for organizations to have appropriate strategies that will enable them to be resilient and flexible enough to react to any form of disturbances that may affect the flow of materials, products, information and money anywhere along the supply chain. The aim of this article is to develop an effective strategy in collaboration with ICT in order for an organization to be able to predict and most probably avoid the aforementioned circumstances by utilizing a simulation model where different scenarios could be tested.
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- Supply chain risks
- Resilient strategy
- Discrete-event simulation