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Supplier and Risk Monitoring

A good way to help students gain insight into the significance of  supply chain risks (Chapter 11 introduces the issue of supply chain risk)  may be to reference the  Dow Jones Supplier & Risk Monitor.  This Dow Jones approach may help students see that mitigating supply chain risk is a significant issue in the real world. So much so that firms (in this case Dow Jones) sell the service.   The DJ Supplier and Risk Monitor helps companies keep track of and evaluate events that may be critical to their supply chain. Dow Jones claims that they can identify potentially disruptive events, new products, product recalls, reputation problems, product safety issues, and other types of breaking news. Additionally, DJ believes they can help companies uncover potential problems by highlighting news stories by volume and relevancy.  Also available are company performance and financials. The system can provide graphic displays of selected priorities, instant alerting, and emailing.  The idea is to show students that commercial tools exist to expand risk scanning to all of the elements in the supply chain and potential partners.  Monitoring the supply chain and evaluating risk is not just an academic exercise.

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