SUPPLY chain disruptionsGOLF course maintenanceCONTENT analysisWe are currently dealing with disruptions in supply chains. They come from faulty production systems, in poor organization of distribution processes or are related to external factors, often unseen. Consequently, it is necessary t...
Businesses leverage global sourcing to access advanced skills and technology using business process outsourcing, as mentioned above. However, supply chain disruptions resulting from the COVID-19 pandemic and recent climate events have revealed the risk of dependency on suppliers, skills and partners in ...
Having the right supply chain model in place is as important as having the right people, processes andtechnology to manage the supply chain. It enables an enterprise to improve efficiency and can help it build resilience to disruptions and mitigate exposure to various risks. With the right model...
Supply chain risk refers to the probability of a risk event occurring the supply line and when the product goes on sale.
Businesses can take a number of measures to identify and mitigate risk. These four tips can help you with this process: 1. Identify potential risks Risk identification entails pinpointing potential risks such as supply chain disruptions, website downtime, or a data breach that exposes customers’...
Supply chain planning is a process that helps businesses ensure they have the right amount of goods and services to meet customer demand. Find out more about SCP in this article.
For example, if there are shipping delays or supply chain disruptions, it affects product availability. This can result in a significant impact on sales and marketing activities. Even if the marketing campaign is well-executed, if the product is unavailable to consumers, the campaign may not be...
Identifying potential operational risks, such as supply chain disruptions and cybersecurity vulnerabilities. Evaluating the company's IT infrastructure, including data security and software systems. Analyzing the company's production processes, including quality control, manufacturing capacity, and inventory man...
This extra inventory mitigates supply chain disruptions. Optimal safety stock levels protect against stockouts without excessive holding costs. Cycle Inventory This is your regular stock that fluctuates based on sales and replenishment cycles. Understanding your cycle inventory helps optimize order quantities...
The pandemic has also led to inflationary pressures. For example, supply chain disruptions have increased the cost of goods, and these cost increases have often been passed on to consumers in the form of higher prices. Note that despite easing rate hikes and monetary policy, the average monthly...