RANGER - Supply Chain Risk Management
RANGER will enable a more extensive analytical analysis and evaluation of supply chain risks that will lead to substantial improvements in cost, quality, schedule, and responsiveness of defense industrial base supply chain operations.
Capital markets severely penalize supply chain disruptions and attach high value to supply chain robustness.
Supply chains are more vulnerable today because of:
Twenty-first century supply chain risk management requires a means to identify, assess, and mitigate risk; it also requires a methodology that includes a total life-cycle approach across the supply chain.
To address these challenges the RANGER program addresses the following four gaps:
The RANGER program was established with the intent to provide an interoperable software tool suite that will help the focal organization identify and predict future risks across the design, manufacture, use, and post-use phases of the product life-cycle.
The elements of risk are broadly classified as: organizational, industrial, and environmental risks. The relationship between the risk drivers and their impact on the focal organization’s performance will be validated through extensive research and by program test bed partners. A sample visual representation between the risk drivers and measures of performance is given below.
The Bayesian Belief Network (BBN) approached developed within the program will have the ability to predict risk. This helps organizations to assess various what-if scenarios, in advance of disruptions – whether minor or catastrophic.
Advantages of BBN:
Advantages of RANGER
For more infomation, contact:
Gerry Graves, Ph.D.