MIT Supply Chain Management Director Bruce Arntzen discusses risk visualization and Sourcemap [Video]
How does a company keep tabs on thousands of suppliers? That’s the question Bruce Arntzen tried to answer when he started the Hi-Viz Research Project. As Executive Director of MIT’s Supply Chain Management Program, Arntzen works with corporations to find innovative solutions to supply chain problems. The idea for the Hi-Viz project came during a 2011 meeting of the Supply Chain Risk Leadership Council. A survey of attendees listed Supply Chain Visibility as the top concern. Why? With thousands of suppliers and sub-suppliers, it can be very time-consuming to find the weakest link in a supply chain. Arntzen’s solution: an automatic visualization of the end-to-end supply chain where the weakest links could be seen in real time. Watch his interview to learn how MIT and Sourcemap developed the first automated risk visualization [more details below the fold].
In 2015, the Hi-Viz project is partnering with actuarial data providers to provide predictive risk analytics. Sourcemap is making available inventory risk mapping as part of its enterprise software-as-a-service. Want to get involved? Learn more about the Hi-Viz project, or contact Sourcemap for a demo.