Resiliency in supply chain management | Violin Technologies

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How To Drive OEMs Supply Chain Resiliency Through
Strategic Supplier Partners?
www.violintec.com
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• Resiliency in supply chain management is the
  capability of a business to withstand and recover
  from the impact of unforeseen threats like
  natural disasters, economic recessions,
  pandemics, trade wars, and other setbacks.
• Original equipment manufacturers (OEMs) who do
  not adopt strategies to build resilient supply
  chains risk witnessing supply chain disruption
  that causes long-term damage to the business.

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Examples Of Companies Balanced Resilience Only
some supply chain leaders who adopted intelligent
resilience strategies just in time have managed
to save their organizations from the global
crisis, unlike most companies.
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• Here are a few successful companies that stood
  strong during and after the pandemic.
• T-Mobile
• 3M
• Walmart

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• Leverage technology
• Firstly companies should analyze their supply
  chains to identify the operational challenges and
  other areas of improvement.
• Look for functions that need automation by
  digitization.
• The development of software to track and manage
  resources, as done by T-Mobile, can bring greater
  visibility to the process and, consequently.

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• Diversify the supply chain
• To increase the agility of their supply chain
  and make it resilient.
• To define their contribution in terms of social
  responsibility.
• Supplier diversity places companies at a
  competitive advantage as there would be price
  comparisons among the diverse suppliers.

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• Maintain flexibility
• By adopting standardized procedures and
  components, organizations can gain the
  flexibility.
• Choosing suppliers geographically close to your
  business can facilitate more flexibility in
  switching between suppliers.
• This cost-effective strategy also increases
  operational efficiency.
• Adopting sustainable measures increases
  flexibility and resilience.
• Regular communication among a firms employees
  also helps them be flexible in switching between
  tasks and following best practices.

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For more details please visit https//www.violint
ec.com/
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Partner
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