Your supply chain is in chaos, affecting production schedules. How will you navigate this unexpected hurdle?
When your supply chain is in turmoil, it can throw production schedules into disarray. Here's how you can steer through this challenging situation:
How do you manage supply chain disruptions? Share your strategies.
Your supply chain is in chaos, affecting production schedules. How will you navigate this unexpected hurdle?
When your supply chain is in turmoil, it can throw production schedules into disarray. Here's how you can steer through this challenging situation:
How do you manage supply chain disruptions? Share your strategies.
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When supply chain disruptions hit, flexibility and creativity are key! 🌟 For non-global organizations, sourcing from local suppliers can reduce lead times and strengthen community ties. Plus, building cross-functional teams ensures fast, unified decisions and in some cases, very creative ideas. It might also be helpful to have a ‘just-in-case’ inventory of important components as a buffer for unexpected hiccups. 📊 Lastly, there's tech and AI for organisations that can afford it, to monitor real-time data and help stay agile and ahead of the curve. It’s all about turning challenges into opportunities!
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Supply chain chaos? Start by tackling the worst bottlenecks. No point in fixing what's not broken. Diversify your supplier base ASAP because putting all your eggs in one basket is asking for trouble. And don't forget communication: keep suppliers and your team in the loop so you can adjust on the fly. A little clarity and backup planning go a long way when everything feels like it's on fire.
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Safdar Shah
Unit Head Evaluation (NBEs) & Training, Compliance & Controls Group at MCB Bank Limited.
Revisit past track of major suppliers periodically to trace intentionally committed errors by them in dealings and on basis of found facts, may seek best alternates to ensure smooth production. Back up arrangements should be in place to avoid any pause in production. Rights and obligations both factors should exist as these play important role in fair dealings for lasting business relationships with suppliers. Cash flow should be supportive to meet contingency based needs .
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