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supply chain risk

Supply Chain Risk – When Disaster Strikes

When Disaster Strikes
I am prepared for the worst, but hope for the best – Benjamin Disraeli Even in the best of relationships, things can happen that are outside of your and your supplier’s control – i.e. weather, financial downturns, labor disputes, etc. In order to minimize the supply chain risk, have plans in place to source components from multiple suppliers (in multiple locations) and consider possible substitut...

Supply Chain Risk – Supply Side

supply side management
In this post I am going to discuss the supply chain risks that exist outside a company’s walls – i.e. risks with the suppliers of services, of raw materials, of components, of finished goods, etc. These are the risks that we have control over and can plan for. Stuff-In-A-Box Wants it All They believe that they deserve and can get the best quality and the best price in the shortest time-frame. Th...

Supply Chain Risk – Taking Care Of The Basics

supply chain
It Starts With You In the recent piece on the Overview of Supply Chain Risk, I listed events that could both delay and disrupt the delivery of product. These events typically result in hits to a company’s bottom line – let’s call our company Stuff-In-A-Box for the sake of this discussion. Stuff-In-A-Box has been seeing some significant cost increases and revenue losses due to factors they believe...

Supply Chain Risk – An Overview

supply chain
 Supply Chain Risk To recognize and manage risk in your supply chain you must first become familiar with some common and some less common events that can cause delays and more serious disruptions. Whether you work with single suppliers or a group of them to produce your products, risks from economic instability to natural disasters can affect your business. This post is a first in a series that w...