Supply chain steadiness
In addition to global challenges , new tariffs and problems with the availability of raw materials and components require companies to be more resilient in terms of supply chain planning.
To ensure stability and maintain a high level of service, companies must ensure that their supply chains are flexible enough to cope with natural disasters and changes in the availability and cost of product.
There are other techniques to improve the supply chain than just having the right suppliers.
One way to do this through an internal look at your supply chain and reviewing these factors:
- Preemptively maintain inventory levels
- Real-time inventory management
- Improve distribution network
- Increase transparency
- Gain data insight
- Monitor supplier performance
- Raise cost awareness