Unexpected situations in global supply chains are inevitable, not only those due to a COVID-19 outbreak. The key to avoiding possible disruptions is acknowledging them long before we start to experience any harmful effects. How do we do this? Here are seven of the most transferable actions you should take to mitigate risks and strive for the efficient supply chain management.
Supply chain definition: What is a supply chain is and why EMS company need one
Before we start, let's define what a supply chain is. A reliable electronic manufacturing services company have a long-standing relationship with its suppliers. The reasoning for this approach is simple - without a positive relationship with the supplier, the whole manufacturing process can experience unnecessary miscommunication and disruption.
Modern and responsive supply chain management embraces not only sourcing, logistics, and production cycle but also sales, operations management department, engineering, and even marketing. As a result, the supply chain objectives focus on the processes of an entire organisation, including every stage from the supply of materials, the manufacturing of goods, to their distribution and sale.
When customers pay outright for the hours spent on a particular project, they want to reduce the risk of prolonging those hours through the advent of random and chaotic events. This can be prevented by having a suitable logistic & supply chain management (SCM) process.