Detect, Communicate, Collaborate: An agile digital network to manage disruptions
This project sought to address critical gaps in the extended supply chain network of the sponsor company by evaluating the efficacy of establishing a communication protocol with upstream suppliers to detect and mitigate supply chain disruptions. Leveraging an agent-based simulation model, the study...
| Main Authors: | , |
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| Language: | en_US |
| Published: |
2023
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| Online Access: | https://hdl.handle.net/1721.1/152055 |
| _version_ | 1826202618250133504 |
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| author | Tewari, Prateek Wei, Yusong |
| author_facet | Tewari, Prateek Wei, Yusong |
| author_sort | Tewari, Prateek |
| collection | MIT |
| description | This project sought to address critical gaps in the extended supply chain network of the sponsor company by evaluating the efficacy of establishing a communication protocol with upstream suppliers to detect and mitigate supply chain disruptions. Leveraging an agent-based simulation model, the study examined what supply chain elements should be activated, and what internal and external stakeholders should be tracked to facilitate effective communication during disruption. The simulation results demonstrate the model's robustness in various scenarios, achieving a significant reduction in the detection lead time of disruptions ranging from 12% to 53%. By implementing the Supply Chain Digital Risk Console, Sponsor Company can benefit from early detection of disruption events and timely communication with appropriate stakeholders, resulting in faster responses to potential disruptions, a reduction in the Value at Risk, and an improvement in the supplier On Time In Full (OTIF) order fulfillment rate, thereby improving company’s overall supply chain performance and resilience. |
| first_indexed | 2024-09-23T12:11:23Z |
| id | mit-1721.1/152055 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T12:11:23Z |
| publishDate | 2023 |
| record_format | dspace |
| spelling | mit-1721.1/1520552023-09-09T03:28:24Z Detect, Communicate, Collaborate: An agile digital network to manage disruptions Tewari, Prateek Wei, Yusong Supply Chain Management This project sought to address critical gaps in the extended supply chain network of the sponsor company by evaluating the efficacy of establishing a communication protocol with upstream suppliers to detect and mitigate supply chain disruptions. Leveraging an agent-based simulation model, the study examined what supply chain elements should be activated, and what internal and external stakeholders should be tracked to facilitate effective communication during disruption. The simulation results demonstrate the model's robustness in various scenarios, achieving a significant reduction in the detection lead time of disruptions ranging from 12% to 53%. By implementing the Supply Chain Digital Risk Console, Sponsor Company can benefit from early detection of disruption events and timely communication with appropriate stakeholders, resulting in faster responses to potential disruptions, a reduction in the Value at Risk, and an improvement in the supplier On Time In Full (OTIF) order fulfillment rate, thereby improving company’s overall supply chain performance and resilience. 2023-09-08T17:07:19Z 2023-09-08T17:07:19Z 2023-09-08 https://hdl.handle.net/1721.1/152055 en_US application/pdf |
| spellingShingle | Supply Chain Management Tewari, Prateek Wei, Yusong Detect, Communicate, Collaborate: An agile digital network to manage disruptions |
| title | Detect, Communicate, Collaborate: An agile digital network to manage disruptions |
| title_full | Detect, Communicate, Collaborate: An agile digital network to manage disruptions |
| title_fullStr | Detect, Communicate, Collaborate: An agile digital network to manage disruptions |
| title_full_unstemmed | Detect, Communicate, Collaborate: An agile digital network to manage disruptions |
| title_short | Detect, Communicate, Collaborate: An agile digital network to manage disruptions |
| title_sort | detect communicate collaborate an agile digital network to manage disruptions |
| topic | Supply Chain Management |
| url | https://hdl.handle.net/1721.1/152055 |
| work_keys_str_mv | AT tewariprateek detectcommunicatecollaborateanagiledigitalnetworktomanagedisruptions AT weiyusong detectcommunicatecollaborateanagiledigitalnetworktomanagedisruptions |