Orchestrating a supply chain that span different continents and integrate 1,000s of diverse sectors
Today’s post is written by Heather Powell, CFT Director & Project Manager at SafeSourcing Inc.
Reason 5: It is complex and challenging
Orchestrating a supply chain that span different continents and integrate 1,000s of diverse sectors, from primary subcontractors, to the suppliers of the smallest components or parts, entail great complexity and challenge.
Operating at the interface of supply and demand effective supply chain management is key to:
(a) The demand for more rapid innovation, including new products with rapid time to market and shorter product lifecycles.
(b) Risk management and resilience in the face of:
• increased market volatility
• sudden and unpredictable international supply risks (from Tsunamis to political revolutions)
(c) Legal compliance, from product traceability of certain goods, to diverse trade, employment and other regulations across the variety of international markets. It requires thinking globally while complying locally.
Stay tuned tomorrow for Part 6.
For more information on how SafeSourcing can assist you in exploring your procurement solutions for your business or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative. We have an entire customer services team waiting to assist you today.
We look forward to your comments.