Preventing A Breakdown In Your Supply Chain with Supply Chain Risk Management Strategies

May 3, 2011 - PRLog -- The world is largely focused on the nuclear crisis that is yet to be resolved when the Tsunami and earthquake struck Japan on March 11 2011. However, this episode has far reaching repercussions as companies find themselves struggling to find alternative sources of raw materials when their Japanese suppliers were unable to meet their needs. Supply chains in several industries face disruptions  causing breakdowns or temporary delays in the production cycle. One glaring lesson stood out which is companies cannot sit on their laurels and need to safeguard their supply chain ecosystems from sudden shocks, internal or external.
Internal shocks to the system eg insufficient quality, unreliable suppliers, machine break-down, uncertain demand, etc. are within the control of organisations and should be managed with precision to avoid impending breakdown. While external shocks eg. flooding, terrorism, labor strikes, natural disasters, etc are not in companies’ control, these instances are happening more often in our increasingly uncertain world. It is hence imperative that companies develop comprehensive supply chain risk management strategies and avoid the system from collapsing when shocks occur.
This 2 day workshop will help companies to identify, assess and mitigate potential disruptions in logistics networks with the objective to reduce their negative impact on the logistics network’s performance. This workshop is suitable for procurement/purchasing Managers/Executives, supply chain managers/executives, logistics managers/executives, importers & exporters as well as operations managers/executives. The trainer is an expert in supply chain management and operational improvement for manufacturing and services. He has over 25 years experience as a top executive in supply chain management. Register at www.advantique-group.com or contact Minn at media@advantique-group.com for more details.

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