From natural disasters to economic fluctuations, you can’t run away from supply chain disruptions; you can only best manage it. With the right strategies, you can significantly minimise supply chain risks and improve logistics and supply chain management. In this article, we’ll explore 4 practical supply chain strategies that organisations can implement to effectively improve supply chain resilience.
- Supply Chain Visibility
It’s important to have real-time visibility on daily inventories, shipments and production processes. This will give you data to forecast disruptions such as low stocks, delayed logistics and more. With this data, you can action a game plan to combat these issues.
Borong Direct gives you insight into customer buying patterns, procurement processes and product performance. Not only can you use these insights to forecast potential supply chain disruptions, you can use it to optimise supply chain management, sales, marketing and pricing strategies. - Diversify Distribution Networks
Expand your circle, and work with multiple verified brands to ensure that you’ll have enough connections to lean on during supply chain disruptions. Pinpoint each distributors’ strengths and understand how each one of them can come in handy during different types of challenges.
Borong Direct allows you to easily explore and connect with a wide range of distributors that can cater to your unique needs, ensuring that your supply chain management is optimised by the right partnerships. - Develop Contingency Plans Supported by Digital Tools
A solid contingency plan would include supply chain risk assessment, mitigation strategies, emergency funds and communication protocols. It would also be wise to come up with multiple contingency plans in case one doesn’t work. In other words, come up with a contingency plan for your contingency plan.
Borong Direct provides various tracking tools for different business aspects to help you prepare a contingency plan to improve supply chain logistics.
Final Thoughts
Supply chain disruptions pose significant challenges to businesses, but with proactive planning and strategic measures, organisations can effectively navigate these challenges and emerge stronger.
Need help in not only managing supply chain disruptions but building supply chain success? Schedule a FREE demo with us to find out how we can help you.
Related Readings:
Supply Chain Solutions for Malaysian Businesses
Behind the Scenes: Logistics Mastery at Tumpang Malaysia
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