METHOD AND SYSTEM FOR MITIGATING RISK IN A SUPPLY CHAIN

摘要

A method and system is provided for mitigating risk in a supply chain. The present application provides a method and system for mitigating risk in a multi echelon stochastic flexible supply chain, comprises categorizing a plurality of supply chain risks pertaining into a plurality of supply chain risk sub categories; developing a risk decision model for each of the plurality of supply chain risk sub categories; extracting supply chain risk information from a plurality of information sources including a plurality of social media information sources; validating, customizing and estimating social media risk score for each of the plurality of supply chain risk sub categories; integrating estimated social media risk score for each of the plurality of supply chain risk sub categories for each supply chain member; and utilizing consolidated social media risk score in the developed risk decision model for mitigating risk.

主权项

1. A method for mitigating risk in a multi echelon stochastic flexible supply chain; said method comprising processor implemented steps of:
a. categorizing a plurality of supply chain risks pertaining to said multi echelon stochastic flexible supply chain into a plurality of supply chain risk sub categories for each supply chain member of said multi echelon stochastic flexible supply chain using a supply chain categorization module (202); b. developing a risk decision model for each of the plurality of supply chain risk sub categories for each supply chain member of said multi echelon stochastic flexible supply chain using a risk decision model development module (204); c. extracting supply chain risk information pertaining to said multi echelon stochastic flexible supply chain from a plurality of information sources including a plurality of social media information sources using a supply chain risk information extraction module (206); d. validating, customizing and estimating social media risk score for each of the plurality of supply chain risk sub categories for each supply chain member of said multi echelon stochastic flexible supply chain using extracted supply chain risk information using a social media risk score estimation module (208); e. integrating estimated social media risk score for each of the plurality of supply chain risk sub categories for each supply chain member of said multi echelon stochastic flexible supply chain with historical supply chain risk information pertaining to said multi echelon stochastic flexible supply chain obtained from traditional supply chain risk information sources for obtaining consolidated social media risk score for each of the plurality of supply chain risk sub categories for each supply chain member of said multi echelon stochastic flexible supply chain using an estimated social media risk score integration module (210); and f. utilizing consolidated social media risk score of each of the plurality of supply chain risk sub categories for each supply chain member of said multi echelon stochastic flexible supply chain in the developed risk decision model for each of the plurality of supply chain risk sub categories for each supply chain member of said multi echelon stochastic flexible supply chain for supporting decision pertaining to said multi echelon stochastic flexible supply chain for mitigating risk using a consolidated social media risk score utilization module (212).