Achieving Resilience Through Proactive Supply Chain Risk Management
Abstract
Utilizing robust training sets and historical data, the proposed DRME will employ a Bayesian model approach with proprietary feature extraction using deep learning to analyze as many as twenty-five different variables to predict and expose potential supply chain risks. Continuous real vs. hypothetical inputs will capture actions taken by supply chain managers and sourcing teams to proactively designate the best path forward and elevate supply chain management decision-making. The DRME will equip Rolls Royce with a deeper risk mitigation framework to identify risks and take action to resolve potential issues before they occur. Enhanced visibility through the ML-enabled DRME will equip Rolls-Royce and their sub tiers with the intelligence to monitor and verify ongoing supply network activities, track compliance, and ultimately gain extended visibility and control over sub-tier sourcing decisions to improve agility, impact to cost and overall operations.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 11, 2023
- Accession Number
- AD1206202
Entities
People
- Kami Bachman