Supply Chain | Procurement | Contract Management | Risk Management | Quality Management | Supplier Relationship Management | Value Chain | Negotiation | Bid Management | Market Reasearch | Sourcing | Ethics | Fair Competition | Traceability | Data Analysis | Evaluation | Lifecycle Management | Supply Management | Agility and Resiliency | Industry 4 | Artificial Intelligence | Innovation | Diversity and Inclusion | Gender Responsive Procurement | Risk Management | Human Rights |
Supply Chain Agility: Benefits and Strategies
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9 Ways to Reduce Supply Chain Disruptions
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Source:Amazon Business 2024 state of procurement report, copyright Amazon Business.
According to Ernst and Young,
“Traditional supply chain structures are not equipped to cope with massive and ongoing disruptions. Moving from “just in time” to “just in case” requires companies to improve their supply chain resiliency. Supply chain solutions include embedding end-to-end visibility, simulation and risk monitoring into the supply chain; securing alternative sources of supply; developing a resilient operating model and workforce; and improving cybersecurity. Enterprises can also improve supply chain logistics agility by fulfilling customer orders from the most optimal node in a cost-effective way.”
Figure:Characteristics of a Resilient Supply Chain
Intelligence to seize opportunities
Technology driven forecasting
Robust and proactive risk management
Data Source: Economic Development in Africa Report 2023; Page 30.
Amazon Business also advise that,
“Beyond reducing administrative burdens, buyers need enhanced visibility into purchasing data and supplier information to cultivate the ability to make swift and assured decisions..”
Resilient supply chain for procurement
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How to build supply chain resilience
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Gartner Says 76% of Logistics Transformations Fail to Meet Critical Performance Metrics
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