Views on the future Although the COVID 19 infection rate continues to rise in many countries, there are moves to open economies. This has prompted discussions about possible changes to the business models of commercial enterprises. Helpful input to your thinking about options for supply chains is a recent survey ‘Emerging out of the pandemic supply chain report” conducted by … Read More
Structure national Supply Chains for strategic products
A strategic (or critical) product or material The COVID 19 pandemic has highlighted a lack of availability for personal protective equipment (PPE) in healthcare; also, in some countries there has been shortages of imported replacement parts and consumer products, following panic buying. From a national viewpoint, a strategic sector is critical for a country’s ongoing economy, national security or public … Read More
Reality of Adaptable, Agile and Flexible Supply Chains
Is there enough inventory? Commentators are writing that post-COVID 19 supply chains will become more adaptable, agile and flexible, but is this a true reflection of what is possible? The terms are interchangeable and incorporate meanings of ‘willing to change’, ‘versatile’, ‘move quickly and easily’, ‘think and understand quickly’ and ‘well coordinated’. The terms can also be used by management … Read More
Planning for effective Sourcing in Procurement process
Procurement process A solution from one commentator concerning increased complexity was to automate the Procurement process, utilising Artificial Intelligence (AI). While IT applications can assist with the work, this suggestion illustrates a misunderstanding of the Procurement process. There are three main elements within the sequence of Procurement: Sourcing – understand and (where possible) influence supply markets Purchasing – buying a … Read More
Procurement Risks are input to your Supply Network Risk
Supply Network Risk Management The COVID 19 pandemic and disruptions to supply chains has provided an opportunity for organisations to review the effectiveness and inherent risks of their supply chains and the suppliers within them. The review is undertaken by senior management, providing their input concerning the corporate approach to supply chains. The review should consider the: Trade-offs between the … Read More