Supply chains are inherently at risk. Not only are there many moving parts that make a supply chain work, but there are also tight deadlines, environmental and political factors, and even the human worker themselves that can cause delays, hiccups, and issues. As such we must be safeguarding Supply Chains.
One of the biggest wake-up calls for logistics companies was the pandemic. With everything shut down, new rules being put in place, health and safety issues, and of course, the shutdown of manufacturing and production, as well as retail stores themselves, this put logistics companies and their partners into an absolute tailspin.
Everyone is talking about making Supply Chains more resilient and robust, as if there was never any attention in the past in this regard. The danger is that with the dissemination of vaccines globally, and things getting back to normal in the near future, albeit a new normal, people will quickly forget what we all just went through.
People will fall back into their old, comfortable ways and far too many will forget all about the need to embed resilience in their Supply Chains. For that reason we wonder whether the resilient Supply Chain is a passing fad or a sustainable strategy?
Supply chain breakdown is a serious problem that can lead to significant losses for any business. Issues like poor forecasting systems, inadequate transportation resources, and human errors are common reasons for this incident. If this obstacle often happens within your organization, you might generate higher costs and develop lower-quality products that might affect your customers’ expectations.
To reduce supply chain breakdown, you have to use preventative information technology (IT) that will enable you to identify risks that might disrupt your operations. Once you do so, you’ll be able to develop effective strategies to mitigate them before they happen. As a result, you can ensure that your production team can mass-produce high-quality items that would delight your buyers.
Here’s a seven-item list of how preventive IT can help reduce supply chain breakdowns: