Supply chain resilience: capacity for resistance and recovery

 Three Phases of Supply Chain Resilience are surviving the event, recovering from it and rebuilding when it’s over.

 The characteristics of supply chain resilience describe an organization’s ability to with stand the event in terms of projected survival time .

Resilience categories can be described as “the 3Cs”: capacity, capability and competency.

 How to build a more resilient supply chain  

 Identify vulnerabilities and redundancies in your supply chain

Talk to your supplier network and agree on expectations and metrics

Use buffers of "safety stock" to avoid shortages

Distribute physical inventory across multiple

Diversify your supply chain network

Scale right technology solutions to build foundation -Right technology allows you to visualize supply chain resilience using dashboards, you'll have access to real-time data that will enable you to perform a range of initiatives 

  •   Analyzing how your suppliers perform against agreed metrics and standards, including supply chain
    sustainability and product lead times.
  • Highlighting and taking action on opportunities to optimize your supply chain resilience further. 
  • Using platform as an effective "early warning system" for bottlenecks or other
    issues, such as governance.
  • Reviewing your partner ecosystem to understand the strengths, weaknesses, opportunities and threats within your supply chain. 
  • Giving your procurement and business operations teams the capability of stepping back and taking a more comprehensive view, rather than always working "in" your supply chain.  

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