The past 2 years have shown that relying on a single raw materials source is a recipe for disrupted supply chains and an inability to meet customer demand. A robust supply chain is achieved not only by diversity, but also reliability and resilience. An effective procurement and supply chain organization should be one that brings value to the overall organization, which is accomplished by having the right strategic and tactical approach.
We’ve outlined three actionable tips that can be used to consider how to build a more diverse and robust supply chain.
Having a robust supply chain means building a repeatable process and system that has the resilience and flexibility to adapt to future changes. The tips highlighted here shouldn’t be viewed as one-time exercises but instead an approach that emphasizes continuous monitoring and improvement.
Our supply chain and operations advisors are experienced in many manufacturing and distribution companies. We help find the best way to optimize your supply chain management and get the results you want.