Time-to-Survive is an important analytical method for supply chain risk. It has been developed by David Simchi-Levi to complement his influential Time-to-Recover methodology.
In the Harvard Business Review, Dr. Simchi-Levi identifies three key benefits and examines the experience of Ford (above) in applying the method;
Strategic: To identify exposure to risk associated with parts and suppliers, prioritize and allocate resources effectively, develop mitigation strategies, and identify opportunities to reduce risk mitigation cost
Tactical: To monitor changes in risk exposure on a daily or weekly basis
Operational: To identify an effective way to allocate resources after a disruption.
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