The COVID-19 epidemic has disrupted supply chains globally, and will continue to do so for some time. The key to business survival is resilience – How well can your supply chain respond? How exposed are you to further disruption? Take this assessment and find out.
The first step in preparing for any challenge is to know your starting point. What strengths can you leverage? What fragility must you protect? This supply chain self assessment will help you to identify (1) Of the most likely disruptions that are continuing from the COVID-19 epidemic, which are the most impactful for your business and customers? and (2) How resilient is your current supply chain, and how can you identify the areas that need your attention?
We tell you your level of risk and resiliency with details of each indicator.
We propose actions to be taken that can add resilience and protect you from risks.
We send you a general report so that you can compare yourself with other organizations.
This assessment addresses the most common risks across supply chains due to the COVID-19 epidemic. The risks are grouped into 3 major categories, and are not meant to be exhaustive nor detailed to match the daily operational risks of all possible enterprises. Rather this is a starting point for the most likely risks based on today’s market and industry knowledge.
In order to best respond to those risks, supply chains must be resilient – this means being able to adapt quickly when disruptions hit. But what are elements of resilience? How do leaders identify where their supply chains are sufficiently resilient or not? Here we group the key 6 elements of resilience, and show levels from low to high. These 6 are not exclusive or exhaustive, indeed there are more elements (for example foreign currency exchange) that may be important for your specific business. These are the major elements common across many different enterprises and business models.
Suppliers continue to deal with safety and operating restrictions that limit output.
Freight lanes continue to be overbooked with costs and delays increasing.
Demand is erratic and prone to spikes, increasing the likelihood of the bullwhip effect.
How well can your suppliers weather upcoming storms?
How complex is your product design and component availability?
How complex is your supply chain?
How much can you count on your partners during disruptions?
How well are your internal processes and teams able to manage risks?
How flexible is the market in which you operate?
In Supplino, supply chain risk management has been an essential focus of ours even well before the COVID-19 epidemic. We know what is like to have product in stock but be unable to deliver on time, or to have 3 components missing in a 100 component bill of materials and be unable to build. Let us help you avoid those situations.
We can help you identify and manage all the supply chain risks facing your business. Whether you already know your COVID-19 related risk or want to identify other issues in getting your product to your customers, we are here for you. Get a free consultation where we discuss how to evaluate your risk in depth, or how our experts can help you scale, manage or optimize your product delivery.
Supplino’s markeplace unifies all the steps of product design, prototyping, supplier management, and delivery processes.