INSIGHT Adds Vulnerability Audit Service to First-to-Market Software Functionality
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Globalization & Cost-Cutting Have Increased Corporate Risk; INSIGHT Counters With Holistic Audit & Mitigation Services
MANASSAS, Va., July 10 // -- INSIGHT, Inc., top international provider of planning solutions that power supply chain design for the world's foremost companies, announces INSIGHT Supply Chain Audit(TM), services that help global businesses uncover risk and vulnerability within their supply chain network. Terrorism, civil wars, dock strikes, attacks on oil fields in Saudi Arabia, potential pandemic, last year's disastrous hurricanes, and the ongoing threat of political, social and economic instability around the world have exposed US firms to more than $300B in supply chain disruptions, according to a recent study by Aon Trade Credit. Initiatives to minimize supply chain costs and increase responsiveness, including narrowed supply networks, single sourcing, manufacturing consolidation in less stable countries and other cost-cutting has unintentionally exposed corporations to higher risk.
"In the last five years, supply chain vulnerability has risen from an obscure topic, scarcely worthy of serious discussion, to a vital concern of senior executives responsible for preserving corporate continuity," said Jeff Karrenbauer, president of INSIGHT, Inc. "Existing vulnerability practice and literature today focuses only on the certification of what would better be termed reliability of primary suppliers and outsourced manufacturing, as well as that of upstream components of their own supply chains. These are important concerns, but they constitute a small fraction of a comprehensive vulnerability analysis."
INSIGHT recently introduced SAILS 21 Version 4, the first to market with functionality extensions that enable a sophisticated series of analyses designed to uncover and mitigate vulnerabilities in the supply chain. INSIGHT's supply chain vulnerability audit service is a three-step holistic process that encompasses the entire supply chain, starting with a company's customers and the products they purchase, then working back to the uppermost tier of raw material suppliers. The result is a plan for resiliency in the form of right-sized and strategically located facilities with flexibility for the supply chain, thereby "hardening" it against disruption. The three steps involve:
1) Education - Case study examples, given by experienced strategic supply chain planners from INSIGHT, quickly establish first principles, dispel false tribal wisdom, define concise business terminology, and overview risk categories and mitigation methods.
2) Audit - INSIGHT experts gather data for all components of a supply chain: commodity types (raw materials, intermediate products, and finished products), customers, channels, and facilities (suppliers, manufacturing locations, DC locations, cross-docking operations, ports) then identify critical elements, specific categories of exposure, and existing contingency plans, if any, for each such component. This step delivers a complete clean- sheet view of a global supply chain not available from existing business systems, such as Enterprise Resource Planning (ERP) or execution systems. Insight provides comparisons with best practice peer groups for real-world context.
3) Prescriptive analysis finds how and where to make affordable changes. This step identifies the most cost-effective enhancements to harden a supply chain. Specific analyses for a given supply chain are defined by the audit. Techniques generally fall into the categories of critical commodity analysis, critical customer analysis, critical location analysis and short-term crisis response analysis. Using existing, proven tools, INSIGHT quantifies and ranks/orders the cost and service effects of various loss scenarios, and prescribes, in detail, the supply chain design modifications and associated cost, capacity, and service impacts required to mitigate the risks. In short, INSIGHT provides a detailed plan of action, not simply a recommendation for further study.
About INSIGHT, Inc.
INSIGHT software and consulting provide optimization-based planning and scheduling to solve the supply chain management issues of the world's foremost companies. INSIGHT solves these latest, critical, and most complex problems for 40% of Fortune Magazine's top fifty, 70% of Business Week's most profitable corporations, and 70% of the companies judged to have the best supply chains. Clients often select INSIGHT when other solutions have failed. These clients rely on INSIGHT to gain the greatest competitive advantage from the best answer. Clients include Abbott Laboratories, BASF, Clorox, ExxonMobil, Goodyear, GE, Kellogg, PepsiCo, Nestle, Pfizer, Procter & Gamble, Toyota, and Unilever.
The X-System®, a proprietary optimization engine, powers a network of planning and scheduling solutions, from the design of a global supply chain to transportation procurement. Increasingly, INSIGHT provides optimization components, partnering with third party software providers, such as Optiant with PowerChain(TM) Inventory to deliver best-of-breed solutions. Call INSIGHT at (703) 366-3061. On the Web, visit www.INSIGHT-MSS.com.
For more information, please contact:
Becky Boyd,
MediaFirst PR - Atlanta
becky@mediafirst.net
(770) 642-2080
Source: INSIGHT, Inc.
Web site: www.INSIGHT-MSS.com
