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Logistics Risk Management: bulletproof supply chain
Think about your worst logistical nightmare, the worst case you can imagine for your supply chain. Now make it real. Would you be prepared to fix it? If you’re not sure, the answer is probably no. And this is because you have not done adequate risk management of your logistics. Despite the fact that logistics risk management is the best lifeline for the most critical moments and can safeguard the future of the company, many companies have not yet developed a plan in this regard. According to a study by the University of Tennessee, 47% of companies have no planned plan for the closure of any company factory or distribution…
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Top 10 Supply Chain Risks
Logistics risk management is a fundamental task for all those companies that want to avoid upsets in their supply chain. And for your management to be effective, you need to know how to identify your enemies. To help in that task, we compiled the 10 supply chain risks most feared by companies according to a study by the University of Tennessee. Top 10 Supply Chain Risks 1-. Quality The more complex your supply chain is, the more actors are involved in it. And, therefore, it is more difficult to be able to ensure that they maintain the quality standards that you demand over time. In addition, your suppliers have other…
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The 10 best solutions against your logistics risks
We have already seen in our blog what are some of the main threats to the logistics risk management of companies. Problems such as the growth of inventories, natural disasters, quality failures, theft and economic instability are some of the enemies that keep those responsible for the planet’s supply chains up to sleep. But it will be of little use to know the problems if we do not also have the solutions at hand. For this we have collected the preferred solutions of companies for their logistics risk management, according to a report carried out by the University of Tennessee. Top 10 Risk Management Solutions 1.- Solvent suppliers Suppliers are,…
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