While there are many, here are some typical areas that drive supply chain disruptions!
Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc
Certainly, during the COVID pandemic, we heard daily about supply chain disruptions. These disruptions left many companies questioning their single source, offshore sourcing and myriad other supply chain decisions they made prior to 2020.
I’ll list a few other potential areas that can cause supply chain vulnerability below. Quite frankly, I could list another ten easily. The point being, how does your organization stay on top of these. How do you find new and evolving sources of supply?
- Natural Disasters.
- Geopolitical Instability.
- Transportation Breakdowns.
- Cyber Attacks on Disruptive supply chain technology.
- Supply & Demand Fluctuations
- Your Companies current Financial Viability
- Current and New Supplier Financial Viability
- Inflation
- Commodity Shortages
- Unemployment
At SafeSourcing we take pride in our white glove services. This includes the use of our SafeSourceIt™ Global Supplier Database. Our database contains much of the required information you need and our suppliers are re-vetted prior to every sourcing event that they participate in. We recently had a customer whose vendor decided to leave a segment of their business which left a hole on our customers’ shelves. We introduced them to twenty new potential sources of supply and vetted each again. It’s not always the savings.
SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite. That includes our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers.
To learn more, please contact a SafeSourcing customer services associate.
