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Thursday, February 11, 2016

Is your Supply Chain at risk due to Network Design failure



""Mitigating  your supply chain risk  during network design disruptions "
 Mitigating  your supply chain risk  during network design disruptions: 5 ways to  handle the supply chain risk


 1)INCREASE CAPACITY : Focus on low cost decentralisedGet capacity for predictable demand 

2)GET REDUNDANT SUPPLIERS :Get redundant supplies  for high volume demand and low redundant supply for low volume demand 

 3) INCREASE RESPONSIVE : Give  preference to  cost over responsiveness for a commodity item which has a long life cycle.In contrast   increase responsiveness over cost for shorter life cycle products 

 4)INCREASE INVENTORY: Decentralize inventory of predictable lower valued goods and decentralize unpredictable and higher valued goods or products 

5)INCREASE FLEXIBILITY : Favor cost over flexibility for high volume products. In contrast, favor  flexibility over cost for low volume products

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