Here's how you can navigate unexpected disruptions as a supplier sourcing professional using resilience.

Strong relationships with suppliers are indeed the backbone of a resilient sourcing strategy. By going beyond transactional interactions and building partnerships based on trust and mutual benefit, you create a more robust and flexible supply chain. This approach not only ensures continuity of supply during tough times but also lays the groundwork for long-term success and competitive advantage.

Strategic sorucing is not just identifiying, evaluating & on-boarding cost effective supplier, It is all about bringing right business partner who adds value to your product & service which makes customer delight. Building relationship is always long-term approach, who really understand your company's SC vission, mission & goals and ready to run marathon with you until you reach the destination where both will be mutually benefited

Building a resilient supply chain requires a proactive and strategic approach to supplier diversification. By continuously scouting for new suppliers and developing relationships across different regions and industries, businesses can protect themselves from over-reliance on a single source. This not only ensures continuity and stability but also provides leverage in negotiations and fosters a more innovative and flexible supply chain. Through these practices, companies can navigate uncertainties with confidence and maintain a competitive edge in the market.

Source diversification is a pro-active step in Strategic sourcing, to bring competitiness between the suppliers we have to bring diversification business model with right governance, which create smoke & fire into the game to have effective and efficient supply base for key commodities. To achieve this, we have to step-out of nation and bring the bestness on Innovative business model, Disruptive technology, Smart Mfg. process, Out of box think - Product offering & etc., thus would drive resilient in Supply chain

Continual learning should be part of company's culture, trait, and faith. It applies all stakeholders including Customer, Company employee and Business partners (Suppliers). Today’s corporates invest heavily on creating right platform where all these stakeholders collaborate to bring continual improvements in Product, Mfg. process and Business process thus eventually drive for Greater efficiency, Higher profitability and Maximizing utilization....

Strategic planning is crucial for navigating disruptions with resilience. By developing comprehensive strategies that include multiple layers of backup plans and engaging in scenario planning, companies can prepare for various potential disruptions. This proactive approach ensures that when disruptions occur, you are ready with well-thought-out actions that minimize downtime and maintain supply chain integrity. Through effective strategic planning, businesses can build a resilient supply chain capable of withstanding the challenges of an unpredictable world