Title of the talk: Supply Chain Resiliency and the Need for Stress-Tests
Abstract: In today’s environment, resilient supply chains still manage to win business and achieve growth. How are they able to accomplish this despite a constant stream of disruptions including global crises, and natural disasters? In this talk, we will cover four key areas:
1. Supply chain risks are hidden in unexpected places;
2. Assumptions about risks being associated with certain geography’s or certain sized suppliers often prove to be wrong;
3. Finding the right balance between supply chain efficiency and resiliency is key to success;
4. A data analytics approach based on new KPIs allows companies to stress test their supply chain and is critical for making the appropriate mitigation decisions.
Biography. David Simchi-Levi is a Professor of Engineering Systems at Massachusetts Institute of Technology and serves as the head of the MIT Data Science Lab. He is considered one of the premier thought leaders in supply chain management and business analytics. He is the current Editor-in-Chief of Management Science, one of the two flagship journals of INFORMS. He served as the Editor-in-Chief for Operations Research (2006-2012), the other flagship journal of INFORMS and for Naval Research Logistics (2003-2005).
In 2023, he was elected a member of the National Academy of Engineering. In 2020, he was awarded the prestigious INFORMS Impact Prize for playing a leading role in developing and disseminating a new highly impactful paradigm for the identification and mitigation of risks in global supply chains.
He is an INFORMS Fellow and MSOM Distinguished Fellow and the recipient of the 2020 INFORMS Koopman Award given to an outstanding publication in military operations research; Ford Motor Company 2015 Engineering Excellence Award; 2014 INFORMS Daniel H. Wagner Prize for Excellence in Operations Research Practice; 2014 INFORMS Revenue Management and Pricing Section Practice Award; and 2009 INFORMS Revenue Management and Pricing Section Prize.
He was the founder of LogicTools which provided software solutions and professional services for supply chain optimization. LogicTools became part of IBM in 2009. In 2012 he co-founded OPS Rules, an operations analytics consulting company. The company became part of Accenture in 2016. In 2014, he co-founded Opalytics, a cloud analytics platform company focusing on operations and supply chain decisions. The company became part of the Accenture Applied Intelligence in 2018 [Source].