Join the Global Movement to Improve Supply Chain Resiliency

Added 09.02.22


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Supply Chain Resiliency is a new and rapidly developing industry. It's about creating policies, procedures and technologies that can ensure your inventory is never lost, your products are always affordable, your business stays profitable, and you can handle any supply chain disruptions with minimal loss.


Why does Supply Chain Resilience matter?

Supply Chain Resilience is the process of managing risk and vulnerabilities in the supply chain in order to improve performance, increase capacity, minimise waste, and reduce costs. The goal is to make businesses accountable for how they handle critical goods throughout their life-cycle.


How do you improve your Supply Chain Resilience?

Supply chain resiliency is a global movement. It is the process of improving how your supply chain operates to reduce the effects of disruptions, natural or manmade. Supply chain resilience varies depending on the specific industry, but there are some key takeaways that can be applied by all industries. The first is that supply chains can experience a multitude of impacts. One example is when an earthquake damages infrastructure nearby, which disrupts transportation and logistics which in turn affects production. The other takeaway is that it's important to plan for potential disruptions. This includes preparing materials and staff for any emergency scenarios and calculating estimated downtime before entering a production phase.


What are the Supply Chain Resiliency benefits?

Supply Chain Resiliency is a complex, multi-dimensional concept describing how companies and industries patch up issues in the supply chain to avoid supply chain disruption. The benefits of Supply Chain Resiliency include improved customer service, economic growth and profits, agile decision making, and increased product quality.


The credibility of Supply Chain Data

Supply chain data has tremendous power to improve the quality of an organisation’s decision-making, but like any powerful tool, it must be used wisely. Supply chain data comes with credibility that can be easily lost if the information is not managed with care. At its best, supply chain data helps organisations to understand and manage any risks associated with their processes.

Find out more about our Supply Chain Compliance below

 

 

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