Match Supply Chain Disruption with Greater Operational Flexibility.

Understand how Supply Chain Resilience is achieved using Strategic Sourcing and Supplier Evaluations for a More Robust Selection Process.

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How to Reduce Supply Chain Vulnerabilities 

Reducing vulnerability in supply chain management is taking actions and implementing policies that reduce the likelihood of disruption to business operations and that increase overall resilience. Essentially, it is enhancing a company’s ability to manage production of goods or services and to uphold performance standards through unplanned events.  

In practice, an invulnerable supply chain could strengthen a company's agility and bounce back from a disruption. A significant disruption would be one that impacts upstream suppliers and interrupts the flow of critical inputs needed for production. Downstream impacts can disrupt delivery of the product or service to the end customer.   

Resilience can be achieved by either creating redundancy or increasing flexibility. While some redundancy is part of every resiliency strategy, it represents sheer cost with limited benefit unless it is needed due to a disruption.   

Flexibility, on the other hand, can create a competitive advantage in day-to-day operations. Investments in flexibility can be justified by normal business results without considering the benefits of risk mitigation and cost avoidance.   

Strategies For A Robust Supply Chain.