This feature is currently available for selected customers in an early access program. If you don’t have access to it just yet, please reach out to your dedicated Customer Success Consultant or Account Executive.
In the context of Prewave, scenarios are hypothetical events that have the potential to disrupt supply chains. Creating a scenario and identifying your exposure to this scenario can be used to proactively assess your supply chain’s weaknesses.
What problem do Scenarios solve?
Today’s supply chains operate in great uncertainty, and it cannot be predicted what will happen next. Therefore, it is necessary to be able to prepare for many possible futures. Scenarios allow you to do that by:
Allowing you to configure scenarios to simulate hypothetical disruption events.
Combining these scenarios with the Exposure Analysis to:
Identify which suppliers in your network are exposed to the scenarios.
Reveal in which tiers of your supply chain these exposures occur.
Provide detailed insights into how these exposures might affect your business.
How can you benefit from Scenarios?
The benefits of utilizing Scenarios include:
Optimised scoping & identification: Identify the suppliers most affected by scenarios quickly.
Increased resilience: Reduce time-to-action from weeks to days and gain first mover advantage in protecting operations, identifying bottlenecks and adjusting supply chains.
Proactive Risk Management: Additional information about potential disturbances support supply chain diversification or the development of alternative sources.
How to use Scenarios
Managing Scenarios
The Scenarios page can be accessed through the user menu found in the top right hand corner of the screen:
Upon landing on the Scenarios page, the following banner appears:
By selecting the “Don't show again” tick box before clicking “Continue”, you won’t see the info banner again. After that, the following options are presented:
If any scenarios already exist, they can be either edited or deleted (in case a scenario is already used in an Exposure analysis, it cannot be deleted).
A new scenario can be created by clicking the “New Scenario” button:
Creating a new scenario requires the user to define a name for the scenario, adding at least one event to it as well as saving it:
Currently, it is possible to create three types of scenarios:
Military Conflict: Takes a country as a parameter and helps you identify if you have any suppliers in your supply chain in that country.
Supplier Insolvency: Takes a site or a site group as a parameter and helps you identify your connection to a potentially bankrupt supplier.
Tariffs: Takes an importing country, exporting country and HS Code as parameters and helps you identify your connections to suppliers exposed to tariffs.
For example, a scenario Military Conflict between 2 countries looks as follows:
Each scenario can include several events.
How to apply Scenarios
Once a scenario is configured, it can be used in the Exposure Analysis by selecting Exposure type Scenario and selecting any of the scenarios you have created.
Take a look at our article about the Exposure Analysis to learn in more detail how to configure the analysis and interpret the results.