Implementation Guide to Develop a Resilient Supply Chain.

Criticality of Supply Chain Resilience

According to Wikipedia Supply chain resilience is “the adaptive capability of the Supply Chain to prepare for unexpected events, respond to disruptions, and recover from them by maintaining continuity of operations at the desired level of connectedness and control over structure and function“.

Gartner defines supply chain resiliency as the ability to adapt to structural changes by modifying Supply Chain strategies, products, and technologies, and agility as the ability to sense and respond to unanticipated changes in demand or supply quickly and reliably, without sacrificing cost or quality.

Supply Chain resiliency requires a multi-faceted approach that varies based on your organization, industry, customers, and role within a business network.

The truth is the more resilient a Supply Chain is, the more complex it becomes. As global companies expand their supply sources and broaden their supply networks, they must strike a new balance between flexibility and efficiency and this must all be done within strict cost parameters.

10 Step Implementation Guide to Develop a Resilient Supply Chain

PART 1: Defining Supply Chain resiliency and tailoring it to the organization.

PART 2: Conducting a thorough risk assessment.

PART 3: Enhancing Supply Chain visibility.

PART 4: Increasing internal and external collaboration.

PART 5: Improving demand planning.

PART 6: Diversifying the organization’s supplier base.

PART 7: Upgrading the organization’s Supply Chain technology.

PART 8: Contingency planning.

PART 9: Training and development of Supply Chain employees.

PART 10: Ongoing monitoring, adapting, and refining Supply Chain resiliency.

Permission Granted by Mark Vernall. About the Author: Mark Vernall is a Supply Chain specialist, Subject Matter Expert, with over thirty years experience, if you need any remote supply chain expertise help or assistance please reach out to him via his LinkedIn Profile.