As the saying goes: “Progress doesn’t always follow a straight line.” No matter how severe short-term challenges can be, what is critical is that you’re always moving forward.
While predicting future changes or disruptions is next to impossible (particularly in the business world), planning for every major scenario is crucial and is essentially what sets forward-thinking leaders apart from the rest.
Navigating through Disruption: Current Challenges in Quality and Supplier Management
While no industry or sector is immune to the effects and aftereffects of the COVID-19 pandemic, there are some that have been harder hit than others. The quality and supplier management space just happen to fall into that category. Within these practice areas, supply chains have gone through a severe disruption.
While there is a breadth of challenges that supply chain leaders have been facing, the most common ones include the following:
|Type of Disruption||How They are Brought About: Common Sources|
|High-Impact Disruptions||Natural disasters, employee-related disputes or international conflicts which directly impact supply sources at any given point along a supply chain.|
|Delays||Quality and flexibility issues at the source point or more-than-required international travel.|
|Systems Breakdown||Weaknesses or failures in IT infrastructure (hardware or software), integration or e-Commerce-related processes.|
|Inaccurate Forecasting||Poor data integrity or the use of less advanced data-processing tools.|
|Disputes in Intellectual Property||Vertical integration or international sourcing.|
Where the Rubber Hits the Road: Potential Solutions to Prepare Supply Chains for Change
Experts in these fields have developed five key strategies to help organizations manage risk in preparation for fluctuations in their supply chains:
- Keep a sufficient backup supply of inventory to keep up with demand in the event of a disruption.
- Expand your existing suite of suppliers to keep operations running without interruption (should there be a change).
- Diversify your suite of product offerings and promote substitute products as a backup to withstand shifts in demand.
Turn Challenges into Opportunities: What You Will Learn by Attending Our Webinar Resiliency is Not a Checklist Approach
By attending our webinar Resiliency is Not a Checklist Approach on August 18th at 2 pm, you will gain key insights into best practices currently being applied to strengthen supply chains. Aaron Davis, Senior Product Manager, will share:
- The definitions of agility and resiliency as they relate to quality and supplier management programs.
- The rationale behind the need for increased efficiency in quality processes and supply chains.
- Best practices to strengthen business continuity, from prioritizing employees, developing a retooling strategy and updating your organization’s BCPs to incorporating insights from ISO 9001.
To register for this webinar, please click here!