Supply Chain Risk Management: Data Structuring
Supply chain risk management (SCRM) is an area of research that addresses both logistics concepts to maximize efficiency, reliability, and revenue as well as risk features, such as potential weak points, break points, and vulnerabilities within the supply chain. SCRM is used to find risks introduced at each node in a supply chain and how these risks can impact a company’s products, individuals, customers, and reputation. SCRM is a relatively new field, so standardized processes including data structuring are not fully documented. This paper explains the importance of a standard data structuring methodology and how it can enhance current SCRM efforts. Data ingest, structuring, and analysis are predominantly managed by humans. Automating some of the less complex steps can positively impact SCRM by allowing human analysts to focus on more strategic analyses. Types of data to be collected and structured are collected via publicly available information related to hardware, software, and corporate entities. After the data has been collected, the information is formatted in a specific manner, conforming to a schema, to allow for more effective and efficient ingest for further analysis. This paper outlines data structures used by Pacific Northwest National Laboratory for SCRM research and analysis purposes. These structures have been used for hundreds of analyses and have been successful in developing a common baseline. Data structuring is one of the first steps in data standardization, which will further mature and enhance the SCRM research area.