Supply Chain Disruptions: Comparing Best in Class to All Others
No matter how much you try, planning can only lessen, never eliminate, the risk of certain disruptions because it’s impossible to plan for every eventuality. What potential supply chain disruptions keep you up at night? All too often we only focus on negative supply chain disruptions, but sometimes positive changes can distort our plans just as easily.
The entrance into a new market, higher than anticipated customer demand, or the release of new products are all positive outcomes for any business, but those same changes can throw the supply chain for a loop. No matter how the disruption affects your overall business—whether positively or negatively—it’s important to identify the best response to these types of events from a supply chain perspective.
A recent Aberdeen Group study of global Chief Supply Chain Officers (CSCOs) shows a clear difference in how best in class companies prioritize supply chain disruptions from all others. See the infographic below for a brief overview of what sets the best in class apart—both in their prioritization of disruptions, as well as their approach to overcoming these deviations.
How do you compare to the information above? Download the full Aberdeen report for a closer look at how best in class companies respond to supply chain disruptions, and discover what you can implement within your own strategy.